Inspire Investing LLC Acquires 1,467 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Inspire Investing LLC lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,948 shares of the real estate investment trust’s stock after purchasing an additional 1,467 shares during the period. Inspire Investing LLC’s holdings in Omega Healthcare Investors were worth $2,190,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Omega Healthcare Investors by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock valued at $1,120,478,000 after acquiring an additional 165,105 shares during the period. Dimensional Fund Advisors LP raised its stake in Omega Healthcare Investors by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,732,390 shares of the real estate investment trust’s stock valued at $127,831,000 after acquiring an additional 272,299 shares during the period. Centersquare Investment Management LLC raised its stake in Omega Healthcare Investors by 36.6% in the 4th quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock valued at $109,924,000 after acquiring an additional 960,997 shares during the period. Bank of New York Mellon Corp raised its stake in Omega Healthcare Investors by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,240,025 shares of the real estate investment trust’s stock valued at $110,971,000 after acquiring an additional 143,521 shares during the period. Finally, Norges Bank bought a new stake in Omega Healthcare Investors in the 4th quarter valued at about $61,698,000. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Omega Healthcare Investors Stock Up 1.8 %

Shares of NYSE OHI opened at $41.29 on Thursday. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $41.53. The company has a current ratio of 5.79, a quick ratio of 5.79 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $10.65 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 1.49 and a beta of 1.00. The business has a 50-day moving average of $37.97 and a 200-day moving average of $33.84.

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 (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.20). The firm had revenue of $252.70 million during the quarter, compared to analysts’ expectations of $205.92 million. Omega Healthcare Investors had a return on equity of 8.61% and a net margin of 33.52%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. Sell-side analysts expect that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were paid a $0.67 dividend. 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 dividend payout ratio is currently 241.44%.

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.