Lecap Asset Management Ltd. Invests $1.09 Million in Omega Healthcare Investors, Inc. (NYSE:OHI)

Lecap Asset Management Ltd. bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 28,857 shares of the real estate investment trust’s stock, valued at approximately $1,092,000.

Several other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in shares of Omega Healthcare Investors by 353.4% in the third quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 516 shares during the last quarter. Grove Bank & Trust bought a new position in Omega Healthcare Investors in the fourth quarter valued at $30,000. True Wealth Design LLC acquired a new stake in Omega Healthcare Investors in the 3rd quarter valued at $31,000. Dunhill Financial LLC bought a new stake in Omega Healthcare Investors during the 3rd quarter worth about $31,000. Finally, DiNuzzo Private Wealth Inc. acquired a new position in shares of Omega Healthcare Investors during the 3rd quarter worth about $33,000. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $37.94 on Friday. The firm has a market cap of $10.24 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 1.08 and a beta of 0.99. The business’s 50 day moving average is $38.06 and its 200-day moving average is $39.06. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.10. Omega Healthcare Investors, Inc. has a 1-year low of $29.17 and a 1-year 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 for the quarter, topping analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 8.83% and a net margin of 34.41%. Equities research analysts predict that Omega Healthcare Investors, Inc. will post 2.72 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced 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 of this dividend is Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.06%. Omega Healthcare Investors’s payout ratio is presently 197.06%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OHI. BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 9th. Berenberg Bank assumed coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 target price for the company. Royal Bank of Canada increased their price target on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday. Finally, Mizuho lifted their price target on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Five equities 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, Omega Healthcare Investors has a consensus rating of “Moderate Buy” and an average price target of $41.67.

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.