Portland Financial Advisors Inc Takes Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Portland Financial Advisors Inc acquired a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 49,391 shares of the real estate investment trust’s stock, valued at approximately $1,869,000. Omega Healthcare Investors comprises about 5.0% of Portland Financial Advisors Inc’s investment portfolio, making the stock its 5th largest holding.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on OHI shares. Mizuho raised their target price on 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 raised Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price objective for the company in a report on Thursday, October 31st. Royal Bank of Canada boosted their target price on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. 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 report on Monday, December 9th. Finally, JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock opened at $35.68 on Monday. Omega Healthcare Investors, Inc. has a 52 week low of $29.66 and a 52 week high of $44.42. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The stock 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 business has a 50-day simple moving average of $37.38 and a 200 day simple moving average of $39.05.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. On average, research analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.51%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio is currently 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.