Oppenheimer Asset Management Inc. Invests $238,000 in Omega Healthcare Investors, Inc. (NYSE:OHI)

Oppenheimer Asset Management Inc. acquired a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,943 shares of the real estate investment trust’s stock, valued at approximately $238,000.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of Omega Healthcare Investors during the 2nd quarter worth approximately $26,000. WFA Asset Management Corp purchased a new stake in Omega Healthcare Investors during the 1st quarter valued at $39,000. Covestor Ltd raised its holdings in Omega Healthcare Investors by 47.6% during the 1st quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 431 shares during the period. Highlander Capital Management LLC raised its holdings in Omega Healthcare Investors by 52.0% during the 1st quarter. Highlander Capital Management LLC now owns 1,900 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 650 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Omega Healthcare Investors by 93.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,446 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 1,181 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Price Performance

OHI opened at $40.41 on Friday. 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 business’s fifty day simple moving average is $38.21 and its 200-day simple moving average is $33.97. The company has a market capitalization 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 posted 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). Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. The company had revenue of $252.70 million during the quarter, compared to analysts’ expectations of $205.92 million. During the same quarter last year, the firm earned $0.74 EPS. Omega Healthcare Investors’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.68 annualized dividend and a yield of 6.63%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OHI. Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Scotiabank increased their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Truist Financial increased their target price 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, Mizuho lowered Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $34.00 to $35.00 in a research note on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.89.

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.