Corebridge Financial Inc. Increases Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Corebridge Financial Inc. lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 0.2% in the fourth quarter, HoldingsChannel reports. The firm owned 305,453 shares of the real estate investment trust’s stock after acquiring an additional 630 shares during the period. Corebridge Financial Inc.’s holdings in Omega Healthcare Investors were worth $11,561,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC increased its position in Omega Healthcare Investors by 1.1% during the third quarter. Natixis Advisors LLC now owns 31,711 shares of the real estate investment trust’s stock worth $1,291,000 after buying an additional 331 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Omega Healthcare Investors by 1.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 60,575 shares of the real estate investment trust’s stock worth $2,465,000 after purchasing an additional 871 shares in the last quarter. Pathstone Holdings LLC raised its stake in Omega Healthcare Investors by 23.9% in the 3rd quarter. Pathstone Holdings LLC now owns 32,112 shares of the real estate investment trust’s stock valued at $1,307,000 after purchasing an additional 6,199 shares during the last quarter. Citigroup Inc. lifted its holdings in Omega Healthcare Investors by 20.1% in the 3rd quarter. Citigroup Inc. now owns 351,529 shares of the real estate investment trust’s stock valued at $14,307,000 after purchasing an additional 58,950 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Omega Healthcare Investors during the 3rd quarter worth about $235,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI opened at $37.51 on Wednesday. The business has a 50-day moving average of $37.10 and a two-hundred day moving average of $38.85. The firm has a market capitalization of $10.57 billion, a PE ratio of 24.20, a P/E/G 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 12 month low of $29.66 and a 12 month high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results 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%. As a group, research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio is presently 172.90%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. Wells Fargo & Company reduced their price target on Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Mizuho lifted their price objective 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. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, BMO Capital Markets raised 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 note on Monday, December 9th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $42.25.

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.