State of New Jersey Common Pension Fund D Has $2.90 Million Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

State of New Jersey Common Pension Fund D lessened its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 32.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,511 shares of the real estate investment trust’s stock after selling 40,460 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Omega Healthcare Investors were worth $2,895,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc bought a new position in Omega Healthcare Investors during the 2nd quarter valued at about $26,000. WFA Asset Management Corp bought a new position in shares of Omega Healthcare Investors in the first quarter valued at approximately $39,000. Covestor Ltd raised its stake in shares of 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 valued at $42,000 after acquiring an additional 431 shares during the last quarter. Highlander Capital Management LLC grew its position in 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 during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Omega Healthcare Investors by 93.4% during 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. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

OHI stock opened at $41.29 on Thursday. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month 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. The company has a market cap of $10.65 billion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 1.49 and a beta of 1.00. The business’s fifty day moving average is $37.97 and its 200-day moving average is $33.84.

Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.20). The company had revenue of $252.70 million during 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 quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS. 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. Investors of record on Monday, August 5th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend was Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio is currently 241.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on OHI shares. Scotiabank boosted their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Mizuho cut shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $34.00 to $35.00 in a research report on Thursday, July 25th. Finally, Truist Financial increased their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Omega Healthcare Investors presently has an average rating of “Hold” and a consensus target price of $34.82.

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.