First City Capital Management Inc. Invests $216,000 in Omega Healthcare Investors, Inc. (NYSE:OHI)

First City Capital Management Inc. purchased a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,309 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Omega Healthcare Investors in the 4th quarter worth about $61,698,000. Centersquare Investment Management LLC increased its holdings in Omega Healthcare Investors by 36.6% in the fourth quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock valued at $109,924,000 after buying an additional 960,997 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Omega Healthcare Investors by 1,030.8% in the second quarter. Daiwa Securities Group Inc. now owns 945,523 shares of the real estate investment trust’s stock valued at $32,384,000 after buying an additional 861,907 shares during the last quarter. BROOKFIELD Corp ON acquired a new stake in Omega Healthcare Investors during the first quarter valued at approximately $16,446,000. Finally, Verition Fund Management LLC lifted its holdings in Omega Healthcare Investors by 5,224.5% during the 4th quarter. Verition Fund Management LLC now owns 524,201 shares of the real estate investment trust’s stock worth $16,072,000 after buying an additional 514,356 shares during the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Omega Healthcare Investors Price Performance

Shares of NYSE: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. 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, Inc. has a 52 week low of $27.53 and a 52 week high of $41.53.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results 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). The business had revenue of $252.70 million for the quarter, compared to analyst estimates of $205.92 million. Omega Healthcare Investors had a return on equity of 8.61% and a net margin of 33.52%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 EPS. Analysts anticipate that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

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 dividend of $0.67 per share. The ex-dividend date was Monday, August 5th. This represents a $2.68 annualized dividend and a yield of 6.63%. Omega Healthcare Investors’s payout ratio is 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.