Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,477 shares of the real estate investment trust’s stock after selling 4,672 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Omega Healthcare Investors worth $4,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OHI. Cutter & CO Brokerage Inc. lifted its stake in Omega Healthcare Investors by 3.7% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 8,206 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 290 shares in the last quarter. Left Brain Wealth Management LLC lifted its stake in Omega Healthcare Investors by 2.0% in the 4th quarter. Left Brain Wealth Management LLC now owns 17,365 shares of the real estate investment trust’s stock valued at $532,000 after buying an additional 335 shares in the last quarter. Pasadena Private Wealth LLC lifted its stake in Omega Healthcare Investors by 2.9% in the 2nd quarter. Pasadena Private Wealth LLC now owns 12,049 shares of the real estate investment trust’s stock valued at $413,000 after buying an additional 335 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Omega Healthcare Investors by 4.7% in the 2nd 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 buying an additional 342 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in Omega Healthcare Investors by 2.5% in the 1st quarter. Tidal Investments LLC now owns 14,325 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 348 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company raised Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Truist Financial increased their price target 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. Scotiabank increased 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. Finally, Mizuho lowered Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $34.00 to $35.00 in a research note on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.89.

Omega Healthcare Investors Trading Down 0.2 %

OHI stock opened at $40.41 on Friday. 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. The company has a quick ratio of 5.79, a current ratio of 5.79 and a debt-to-equity ratio of 1.19. The business has a fifty day simple moving average of $38.21 and a 200-day simple moving average of $33.97. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $41.53.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 EPS 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 firm 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 earned $0.74 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. On average, equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were issued 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 is currently 241.44%.

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.