Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,065 shares of the real estate investment trust’s stock after selling 1,210 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Omega Healthcare Investors were worth $2,434,000 at the end of the most recent quarter.

Other institutional investors have also recently 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 $26,000. WFA Asset Management Corp purchased a new position in Omega Healthcare Investors in the first quarter valued at about $39,000. Covestor Ltd lifted its position in shares of 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 acquiring an additional 431 shares during the period. Highlander Capital Management LLC boosted its stake in shares of 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 worth $60,000 after acquiring an additional 650 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Omega Healthcare Investors by 93.4% in the 2nd 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 in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Scotiabank upped their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Mizuho cut shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $34.00 to $35.00 in a research report on Thursday, July 25th. Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. Finally, Truist Financial lifted their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.89.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI opened at $41.01 on Tuesday. The company has a market cap 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 business has a fifty day simple moving average of $38.33 and a 200-day simple moving average of $34.06. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $41.53. 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 (NYSE:OHI) last posted 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 net margin of 33.52% and a return on equity of 8.61%. The company had revenue of $252.70 million for the quarter, compared to analyst estimates of $205.92 million. During the same period in the prior year, the company earned $0.74 EPS. The company’s revenue was up 17.5% compared to the same quarter last year. Equities research analysts forecast that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current year.

Omega Healthcare Investors Announces Dividend

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