Bank of New York Mellon Corp Has $111.08 Million Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Bank of New York Mellon Corp decreased its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,934,671 shares of the real estate investment trust’s stock after selling 95,261 shares during the period. Bank of New York Mellon Corp owned 1.09% of Omega Healthcare Investors worth $111,077,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new stake in Omega Healthcare Investors during the fourth quarter valued at $26,000. Dunhill Financial LLC acquired a new stake in Omega Healthcare Investors during the third quarter valued at $31,000. True Wealth Design LLC acquired a new stake in Omega Healthcare Investors during the third quarter valued at $31,000. Grove Bank & Trust acquired a new stake in Omega Healthcare Investors during the fourth quarter valued at $30,000. Finally, Kentucky Trust Co acquired a new stake in Omega Healthcare Investors during the fourth quarter valued at $38,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Up 0.1 %

OHI stock opened at $36.87 on Friday. Omega Healthcare Investors, Inc. has a 1-year low of $29.66 and a 1-year high of $44.42. The firm has a market cap of $10.39 billion, a P/E ratio of 23.79, a P/E/G ratio of 1.09 and a beta of 0.99. The business’s 50 day moving average is $37.21 and its 200-day moving average is $39.02. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. Equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.27%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio is 172.90%.

Analysts Set New Price Targets

A number of analysts have weighed in on OHI shares. Mizuho boosted their price target on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Monday, December 9th. Finally, Royal Bank of Canada boosted their price target on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Omega Healthcare Investors has an average rating of “Moderate Buy” and an average target price of $41.67.

Omega Healthcare Investors Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.