DekaBank Deutsche Girozentrale Raises Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

DekaBank Deutsche Girozentrale raised its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 86.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,607 shares of the real estate investment trust’s stock after purchasing an additional 49,318 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Omega Healthcare Investors were worth $3,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. raised its position in shares of Omega Healthcare Investors by 96.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 21,799 shares of the real estate investment trust’s stock worth $690,000 after acquiring an additional 10,714 shares in the last quarter. Slagle Financial LLC raised its holdings in Omega Healthcare Investors by 102.1% during the fourth quarter. Slagle Financial LLC now owns 94,586 shares of the real estate investment trust’s stock worth $2,900,000 after purchasing an additional 47,785 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Omega Healthcare Investors by 6.6% during the 1st quarter. Private Advisor Group LLC now owns 28,772 shares of the real estate investment trust’s stock worth $911,000 after buying an additional 1,783 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Omega Healthcare Investors by 5.7% in the 1st quarter. Park Avenue Securities LLC now owns 10,066 shares of the real estate investment trust’s stock valued at $319,000 after buying an additional 544 shares in the last quarter. Finally, HighPoint Advisor Group LLC purchased a new position in shares of Omega Healthcare Investors in the 4th quarter valued at $758,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Performance

NYSE:OHI opened at $41.29 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.79 and a quick ratio of 5.79. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 1.49 and a beta of 1.00. The firm’s fifty day moving average price is $37.97 and its 200 day moving average price is $33.84. Omega Healthcare Investors, Inc. has a 1-year low of $27.53 and a 1-year high of $41.53.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.20). Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. The firm had revenue of $252.70 million during the quarter, compared to analysts’ expectations of $205.92 million. During the same period in the previous year, the firm earned $0.74 EPS. The firm’s revenue was up 17.5% on a year-over-year basis. On average, sell-side analysts expect that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.49%. The ex-dividend date was Monday, August 5th. Omega Healthcare Investors’s payout ratio is 241.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on OHI shares. Mizuho cut shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. Scotiabank boosted their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Truist Financial raised their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.82.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.