AQR Capital Management LLC Acquires 27,083 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

AQR Capital Management LLC increased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 55.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,889 shares of the real estate investment trust’s stock after buying an additional 27,083 shares during the period. AQR Capital Management LLC’s holdings in Omega Healthcare Investors were worth $2,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc purchased a new position in Omega Healthcare Investors in the second quarter worth $26,000. WFA Asset Management Corp purchased a new position in Omega Healthcare Investors in the first quarter worth $39,000. Covestor Ltd grew its holdings in Omega Healthcare Investors by 47.6% in the first quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 431 shares during the last quarter. Highlander Capital Management LLC grew its holdings in Omega Healthcare Investors by 52.0% in 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 last quarter. Finally, GAMMA Investing LLC grew its holdings in Omega Healthcare Investors by 93.4% in the second quarter. GAMMA Investing LLC now owns 2,446 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 1,181 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Omega Healthcare Investors news, CFO Robert O. Stephenson sold 22,542 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $40.19, for a total value of $905,962.98. Following the completion of the transaction, the chief financial officer now owns 183,076 shares in the company, valued at approximately $7,357,824.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Omega Healthcare Investors news, COO Daniel J. Booth sold 56,725 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $40.25, for a total value of $2,283,181.25. Following the completion of the transaction, the chief operating officer now owns 100,000 shares in the company, valued at approximately $4,025,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert O. Stephenson sold 22,542 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $40.19, for a total transaction of $905,962.98. Following the completion of the transaction, the chief financial officer now owns 183,076 shares of the company’s stock, valued at approximately $7,357,824.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Omega Healthcare Investors Trading Up 0.0 %

NYSE OHI opened at $39.51 on Wednesday. The company has a market capitalization of $9.76 billion, a PE ratio of 35.59, a P/E/G ratio of 1.29 and a beta of 1.00. The company has a fifty day moving average of $39.16 and a 200 day moving average of $34.72. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $41.53. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.79 and a quick ratio of 5.79.

Omega Healthcare Investors (NYSE:OHI) last posted its 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 net margin of 33.52% and a return on equity of 8.61%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Research analysts forecast that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were given a $0.67 dividend. 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 6.78%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 241.44%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Truist Financial lifted their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Scotiabank boosted their price objective 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 reissued an “overweight” rating and set a $43.00 price objective (up from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday, October 1st. BMO Capital Markets boosted their price objective on shares of Omega Healthcare Investors from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Monday. Finally, Mizuho lowered shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $35.00 in a report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Hold” and a consensus price target of $37.00.

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.