Proficio Capital Partners LLC Invests $443,000 in Omega Healthcare Investors, Inc. (NYSE:OHI)

Proficio Capital Partners LLC bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, Holdings Channel.com reports. The fund bought 11,696 shares of the real estate investment trust’s stock, valued at approximately $443,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in Omega Healthcare Investors in the 4th quarter valued at about $26,000. Grove Bank & Trust acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter worth approximately $30,000. True Wealth Design LLC purchased a new stake in Omega Healthcare Investors in the third quarter valued at approximately $31,000. Dunhill Financial LLC acquired a new position in Omega Healthcare Investors during the third quarter worth approximately $31,000. Finally, Kentucky Trust Co purchased a new position in Omega Healthcare Investors during the fourth quarter worth approximately $38,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $38.00 on Tuesday. 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 1-year low of $29.66 and a 1-year high of $44.42. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.09 and a beta of 1.00. The business has a 50-day moving average of $37.09 and a 200-day moving average of $38.86.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results 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 9.71% and a net margin of 38.65%. On average, equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s payout ratio is 172.90%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OHI shares. Truist Financial boosted their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Mizuho boosted their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Monday, December 9th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.25.

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.