Renaissance Technologies LLC Increases Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Renaissance Technologies LLC raised its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 9.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 293,078 shares of the real estate investment trust’s stock after purchasing an additional 24,400 shares during the period. Renaissance Technologies LLC owned approximately 0.12% of Omega Healthcare Investors worth $10,038,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OHI. Hennion & Walsh Asset Management Inc. lifted its position in Omega Healthcare Investors by 96.7% in 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 buying an additional 10,714 shares during the last quarter. Slagle Financial LLC lifted its holdings in shares of Omega Healthcare Investors by 102.1% in the 4th 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 during the last quarter. Private Advisor Group LLC grew its holdings 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 valued at $911,000 after purchasing an additional 1,783 shares during the last quarter. Park Avenue Securities LLC raised its position in 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 worth $319,000 after purchasing an additional 544 shares during the period. Finally, HighPoint Advisor Group LLC bought a new stake in Omega Healthcare Investors in the fourth quarter worth $758,000. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $41.01 on Tuesday. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $41.53. The stock has a market capitalization of $10.57 billion, a P/E ratio of 36.95, a P/E/G ratio of 1.50 and a beta of 1.00. The company’s 50-day moving average is $38.33 and its 200 day moving average is $34.06. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.79 and a quick ratio of 5.79.

Omega Healthcare Investors (NYSE:OHI) last announced 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 return on equity of 8.61% and a net margin of 33.52%. The firm had revenue of $252.70 million during the quarter, compared to the consensus estimate of $205.92 million. During the same period in the prior year, the company posted $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 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date of this dividend was Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio is presently 241.44%.

Analyst Upgrades and Downgrades

OHI has been the topic of a number of recent research reports. Mizuho cut 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 note on Thursday, July 25th. Scotiabank lifted their price target 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 price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Eight research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Omega Healthcare Investors has a consensus 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.