Kentucky Trust Co Acquires New Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Kentucky Trust Co acquired a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,000 shares of the real estate investment trust’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Omega Healthcare Investors by 3.1% during the third 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 in the last quarter. State Street Corp grew its holdings in 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 worth $502,228,000 after acquiring an additional 114,085 shares during the period. Assetmark Inc. grew its holdings in Omega Healthcare Investors by 1.7% during the third quarter. Assetmark Inc. now owns 1,191,460 shares of the real estate investment trust’s stock worth $48,492,000 after acquiring an additional 19,542 shares during the period. Tallon Kerry Patrick acquired a new position in Omega Healthcare Investors during the fourth quarter worth about $1,250,000. Finally, BNP Paribas Financial Markets grew its holdings in Omega Healthcare Investors by 120.8% during the third quarter. BNP Paribas Financial Markets now owns 226,338 shares of the real estate investment trust’s stock worth $9,212,000 after acquiring an additional 123,836 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Mizuho lifted 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. Berenberg Bank assumed coverage on Omega Healthcare Investors in a report on Friday, October 18th. They set a “buy” rating and a $45.00 target price on the stock. Royal Bank of Canada lifted their target price on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Finally, BNP Paribas raised Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Moderate Buy” and an average price target of $41.67.

Omega Healthcare Investors Trading Down 0.8 %

Shares of OHI opened at $35.74 on Thursday. The business’s 50-day moving average price is $37.88 and its 200 day moving average price is $39.11. The stock has a market capitalization of $9.65 billion, a P/E ratio of 23.06, a P/E/G ratio of 1.11 and a beta of 0.99. Omega Healthcare Investors, Inc. has a 1-year low of $29.66 and a 1-year high of $44.42. The company has a current ratio of 7.07, a quick ratio of 6.48 and a debt-to-equity ratio of 1.02.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS 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%. Analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th will be given a dividend of $0.67 per share. The ex-dividend date is Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 7.50%. Omega Healthcare Investors’s payout ratio is presently 172.90%.

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.