Meiji Yasuda Asset Management Co Ltd. Invests $215,000 in Omega Healthcare Investors, Inc. (NYSE:OHI)

Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,283 shares of the real estate investment trust’s stock, valued at approximately $215,000.

Several other hedge funds have also made changes to their positions in the business. Cutter & CO Brokerage Inc. boosted its stake in shares of Omega Healthcare Investors by 3.7% during the second quarter. Cutter & CO Brokerage Inc. now owns 8,206 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 290 shares during the period. Left Brain Wealth Management LLC lifted its position in Omega Healthcare Investors by 2.0% in the fourth quarter. Left Brain Wealth Management LLC now owns 17,365 shares of the real estate investment trust’s stock valued at $532,000 after purchasing an additional 335 shares during the period. Pasadena Private Wealth LLC lifted its position in Omega Healthcare Investors by 2.9% in the second quarter. Pasadena Private Wealth LLC now owns 12,049 shares of the real estate investment trust’s stock valued at $413,000 after purchasing an additional 335 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Omega Healthcare Investors by 4.7% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,574 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 342 shares during the period. Finally, Tidal Investments LLC lifted its position in Omega Healthcare Investors by 2.5% in the first quarter. Tidal Investments LLC now owns 14,325 shares of the real estate investment trust’s stock valued at $454,000 after purchasing an additional 348 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

OHI stock opened at $40.41 on Friday. 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 50 day moving average of $38.21 and a 200-day moving average of $33.97. Omega Healthcare Investors, Inc. has a 12-month low of $27.53 and a 12-month high of $41.53. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 1.50 and a beta of 1.00.

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

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, August 5th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.63%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 241.44%.

Analyst Upgrades and Downgrades

OHI has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Mizuho downgraded shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. Scotiabank raised their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Finally, Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. Eight analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.89.

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.