Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 14.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,024 shares of the real estate investment trust’s stock after selling 21,059 shares during the period. Amalgamated Bank owned about 0.05% of Omega Healthcare Investors worth $4,282,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. grew its stake in shares of Omega Healthcare Investors by 96.7% in the first 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 grew its stake in shares of Omega Healthcare Investors by 102.1% in the fourth quarter. Slagle Financial LLC now owns 94,586 shares of the real estate investment trust’s stock worth $2,900,000 after acquiring an additional 47,785 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Omega Healthcare Investors by 6.6% during the first quarter. Private Advisor Group LLC now owns 28,772 shares of the real estate investment trust’s stock worth $911,000 after purchasing an additional 1,783 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Omega Healthcare Investors by 5.7% during the first quarter. Park Avenue Securities LLC now owns 10,066 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 544 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Omega Healthcare Investors during the fourth quarter worth $758,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on OHI. Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Truist Financial upped their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. Scotiabank upped their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Finally, Mizuho lowered shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $34.00 to $35.00 in a research note on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.89.

Omega Healthcare Investors Trading Down 0.2 %

Shares of OHI 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’s 50-day moving average is $38.21 and its two-hundred day moving average is $33.97. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $41.53. The firm has a market capitalization of $10.42 billion, a P/E ratio of 36.41, a PEG ratio of 1.50 and a beta of 1.00.

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 return on equity of 8.61% and a net margin of 33.52%. The company had revenue of $252.70 million for the quarter, compared to analyst estimates of $205.92 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, research analysts predict that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.68 annualized dividend and a dividend yield of 6.63%. Omega Healthcare Investors’s dividend payout ratio is presently 241.44%.

Omega Healthcare Investors Company Profile

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.