Weaver C. Barksdale & Associates Inc. Cuts Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Weaver C. Barksdale & Associates Inc. trimmed its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,024 shares of the real estate investment trust’s stock after selling 463 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in Omega Healthcare Investors were worth $1,063,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of Omega Healthcare Investors during the 2nd quarter worth approximately $26,000. WFA Asset Management Corp acquired a new stake in Omega Healthcare Investors in the first quarter valued at $39,000. Covestor Ltd boosted 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 worth $42,000 after purchasing an additional 431 shares in the last quarter. Highlander Capital Management LLC grew 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 purchasing an additional 650 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of 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 owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Mizuho lowered shares of 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 report on Thursday, July 25th. Truist Financial raised their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, September 4th. Scotiabank boosted their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Omega Healthcare Investors has a consensus rating of “Hold” and an average price target of $34.82.

Omega Healthcare Investors Stock Performance

NYSE OHI opened at $40.48 on Friday. 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, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $41.53. The business has a fifty day moving average of $38.09 and a 200-day moving average of $33.88. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 1.49 and a beta of 1.00.

Omega Healthcare Investors (NYSE:OHI) last announced 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). 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 previous year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, analysts predict that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current fiscal 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 paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend 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.