Rainey & Randall Wealth Advisors Inc. Boosts Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Rainey & Randall Wealth Advisors Inc. raised its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 179,004 shares of the real estate investment trust’s stock after purchasing an additional 2,026 shares during the period. Omega Healthcare Investors comprises approximately 1.3% of Rainey & Randall Wealth Advisors Inc.’s portfolio, making the stock its 16th biggest holding. Rainey & Randall Wealth Advisors Inc. owned 0.07% of Omega Healthcare Investors worth $6,775,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new position in shares of Omega Healthcare Investors during the 4th quarter worth approximately $26,000. Grove Bank & Trust acquired a new stake in Omega Healthcare Investors during the 4th quarter valued at $30,000. True Wealth Design LLC acquired a new stake in Omega Healthcare Investors during the 3rd quarter valued at $31,000. Dunhill Financial LLC purchased a new position in Omega Healthcare Investors during the third quarter worth $31,000. Finally, Kentucky Trust Co acquired a new position in shares of Omega Healthcare Investors in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on OHI. Royal Bank of Canada increased their price objective on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Mizuho boosted their price objective on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a research report on Thursday, October 31st. Finally, BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Monday, December 9th. Five investment 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.67.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock opened at $35.68 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 50 day moving average price of $37.38 and a 200 day moving average price of $39.04. The company has a market cap of $10.05 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 1.09 and a beta of 0.99. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating 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%. Sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 7.51%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 172.90%.

Omega Healthcare Investors Company 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.