Liberty Mutual Group Asset Management Inc. Purchases Shares of 50,573 Omega Healthcare Investors, Inc. (NYSE:OHI)

Liberty Mutual Group Asset Management Inc. purchased a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 50,573 shares of the real estate investment trust’s stock, valued at approximately $1,732,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of OHI. Versant Capital Management Inc acquired a new stake in Omega Healthcare Investors during the second quarter valued at approximately $26,000. WFA Asset Management Corp bought a new stake in shares of Omega Healthcare Investors during the 1st quarter worth $39,000. Covestor Ltd grew its holdings in shares of Omega Healthcare Investors by 47.6% in the 1st quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 431 shares during the last quarter. Highlander Capital Management LLC raised its position in shares of Omega Healthcare Investors by 52.0% during the first quarter. Highlander Capital Management LLC now owns 1,900 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 650 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Omega Healthcare Investors by 93.4% during the second quarter. GAMMA Investing LLC now owns 2,446 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 1,181 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Down 1.5 %

Shares of NYSE:OHI opened at $40.46 on Friday. The firm has a fifty day moving average of $38.54 and a two-hundred day moving average of $34.18. The company has a quick ratio of 5.79, a current ratio of 5.79 and a debt-to-equity ratio of 1.19. Omega Healthcare Investors, Inc. has a 12-month low of $27.53 and a 12-month high of $41.53. The firm has a market capitalization of $10.00 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 1.32 and a beta of 1.00.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $252.70 million for the quarter, compared to analyst estimates of $205.92 million. During the same period in the previous year, the business posted $0.74 EPS. Omega Healthcare Investors’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, equities analysts expect that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.62%. The ex-dividend date was Monday, August 5th. Omega Healthcare Investors’s payout ratio is presently 241.44%.

Wall Street Analyst Weigh In

OHI has been the topic of several recent analyst reports. Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Mizuho lowered shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $34.00 to $35.00 in a 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 stock a “sector perform” rating in a research note on Monday, August 26th. Finally, Truist Financial boosted their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, September 4th. Eight 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 company. According to MarketBeat.com, Omega Healthcare Investors has an average rating of “Hold” and an average price target of $34.89.

Omega Healthcare Investors 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.