Intech Investment Management LLC Takes $2.10 Million Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Intech Investment Management LLC bought a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 61,442 shares of the real estate investment trust’s stock, valued at approximately $2,104,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Omega Healthcare Investors by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock valued at $1,120,478,000 after purchasing an additional 165,105 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Omega Healthcare Investors by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,732,390 shares of the real estate investment trust’s stock valued at $127,831,000 after acquiring an additional 272,299 shares during the period. Centersquare Investment Management LLC lifted its position in Omega Healthcare Investors by 36.6% during the 4th quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock worth $109,924,000 after acquiring an additional 960,997 shares during the period. Bank of New York Mellon Corp grew its stake in Omega Healthcare Investors by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,240,025 shares of the real estate investment trust’s stock valued at $110,971,000 after purchasing an additional 143,521 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Omega Healthcare Investors in the fourth quarter worth about $61,698,000. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Trading Up 1.5 %

OHI stock opened at $41.01 on Tuesday. Omega Healthcare Investors, Inc. has a 12-month low of $27.53 and a 12-month high of $41.53. The business’s 50-day moving average is $38.33 and its 200 day moving average is $34.06. 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 stock has a market cap of $10.57 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 1.50 and a beta of 1.00.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $205.92 million. During the same period in the prior year, the company posted $0.74 earnings per share. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

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 dividend yield of 6.53%. Omega Healthcare Investors’s dividend payout ratio is presently 241.44%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on OHI shares. Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Mizuho downgraded Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $34.00 to $35.00 in a research note on Thursday, July 25th. Scotiabank boosted their price target 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. Finally, Truist Financial lifted their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a report 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.89.

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.