Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Sold by MGO One Seven LLC

MGO One Seven LLC lessened its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,017 shares of the real estate investment trust’s stock after selling 1,509 shares during the period. MGO One Seven LLC’s holdings in Omega Healthcare Investors were worth $857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in Omega Healthcare Investors in the 2nd quarter valued at about $26,000. WFA Asset Management Corp bought a new position in Omega Healthcare Investors in the 1st quarter valued at about $39,000. Covestor Ltd grew its position in Omega Healthcare Investors by 47.6% in the 1st quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 431 shares in the last quarter. Highlander Capital Management LLC grew its position in Omega Healthcare Investors by 52.0% in the 1st quarter. Highlander Capital Management LLC now owns 1,900 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 650 shares in the last quarter. Finally, GAMMA Investing LLC grew its position 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 buying an additional 1,181 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on OHI. Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. Truist Financial raised their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Scotiabank raised 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 research report on Monday, August 26th. Finally, Mizuho lowered shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.82.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $40.62 on Friday. Omega Healthcare Investors, Inc. has a one year low of $27.53 and a one year high of $40.99. The company has a 50-day moving average of $37.55 and a two-hundred day moving average of $33.62. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.48 and a beta of 1.00. 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 announced its earnings results 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 return on equity of 8.61% and a net margin of 33.52%. The firm had revenue of $252.70 million during the quarter, compared to analyst estimates of $205.92 million. During the same quarter in the previous year, the business earned $0.74 earnings per share. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.60%. The ex-dividend date was Monday, August 5th. Omega Healthcare Investors’s payout ratio is 241.44%.

Omega Healthcare Investors 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.