Erste Asset Management GmbH Acquires 8,584 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Erste Asset Management GmbH grew its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 9.1% in the 4th quarter, Holdings Channel reports. The fund owned 103,353 shares of the real estate investment trust’s stock after purchasing an additional 8,584 shares during the quarter. Erste Asset Management GmbH’s holdings in Omega Healthcare Investors were worth $3,898,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

OHI has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price on Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. BMO Capital Markets upgraded 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 note on Monday, December 9th. Mizuho upped their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.44.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI opened at $37.62 on Friday. Omega Healthcare Investors, Inc. has a twelve month low of $29.66 and a twelve month high of $44.42. The firm has a market cap of $10.60 billion, a PE 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 quick ratio of 7.07 and a current ratio of 7.07. The business has a fifty day moving average of $37.03 and a 200-day moving average of $38.94.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating 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 research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

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 $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.12%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio is 172.90%.

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.