Wealthfront Advisers LLC Buys Shares of 29,176 Omega Healthcare Investors, Inc. (NYSE:OHI)

Wealthfront Advisers LLC bought a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 29,176 shares of the real estate investment trust’s stock, valued at approximately $1,104,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new position in Omega Healthcare Investors during the 4th quarter valued at about $26,000. Grove Bank & Trust acquired a new position in Omega Healthcare Investors during the 4th quarter valued at about $30,000. True Wealth Design LLC acquired a new position in Omega Healthcare Investors during the 3rd quarter valued at about $31,000. Dunhill Financial LLC bought a new stake in shares of Omega Healthcare Investors during the 3rd quarter worth about $31,000. Finally, Kentucky Trust Co bought a new stake in shares of Omega Healthcare Investors during the 4th quarter worth about $38,000. 65.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Monday, December 9th. Wells Fargo & Company dropped their price target on shares of Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, Mizuho boosted their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.44.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $37.62 on Friday. The firm’s 50 day simple moving average is $37.03 and its 200-day simple moving average is $38.94. The company has a market cap of $10.60 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $44.42.

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

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s payout ratio is presently 172.90%.

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.