Retirement Systems of Alabama Buys 15,023 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Retirement Systems of Alabama raised its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 328,235 shares of the real estate investment trust’s stock after acquiring an additional 15,023 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of Omega Healthcare Investors worth $12,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Omega Healthcare Investors by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock valued at $261,589,000 after purchasing an additional 192,465 shares during the last quarter. State Street Corp grew its stake in shares of Omega Healthcare Investors by 0.9% during the third quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust’s stock valued at $502,228,000 after buying an additional 114,085 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Omega Healthcare Investors by 1.7% in the third quarter. Assetmark Inc. now owns 1,191,460 shares of the real estate investment trust’s stock worth $48,492,000 after buying an additional 19,542 shares during the period. Tallon Kerry Patrick bought a new stake in shares of Omega Healthcare Investors during the 4th quarter worth approximately $1,250,000. Finally, BNP Paribas Financial Markets boosted its holdings in Omega Healthcare Investors by 120.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 226,338 shares of the real estate investment trust’s stock valued at $9,212,000 after acquiring an additional 123,836 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Down 0.3 %

Omega Healthcare Investors stock opened at $37.94 on Friday. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10. The firm has a market cap of $10.24 billion, a P/E ratio of 27.90, a P/E/G ratio of 1.08 and a beta of 0.99. The business has a fifty day moving average of $38.06 and a two-hundred day moving average of $39.06. Omega Healthcare Investors, Inc. has a twelve month low of $29.17 and a twelve month high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 8.83% and a net margin of 34.41%. On average, analysts forecast that Omega Healthcare Investors, Inc. will post 2.72 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date is Monday, February 10th. Omega Healthcare Investors’s payout ratio is currently 197.06%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a research report on Thursday, October 31st. Berenberg Bank initiated coverage on shares of Omega Healthcare Investors in a report on Friday, October 18th. They set a “buy” rating and a $45.00 price objective for the company. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Monday, December 9th. Royal Bank of Canada lifted their price target on shares of 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. Finally, JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

About Omega Healthcare Investors

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.