First City Capital Management Inc. Purchases Shares of 6,309 Omega Healthcare Investors, Inc. (NYSE:OHI)

First City Capital Management Inc. acquired a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,309 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Several other large investors have also modified their holdings of the stock. Hennion & Walsh Asset Management Inc. boosted its position in shares of Omega Healthcare Investors by 96.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 21,799 shares of the real estate investment trust’s stock valued at $690,000 after purchasing an additional 10,714 shares during the period. Slagle Financial LLC increased its position in shares of Omega Healthcare Investors by 102.1% in the fourth quarter. Slagle Financial LLC now owns 94,586 shares of the real estate investment trust’s stock worth $2,900,000 after acquiring an additional 47,785 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Omega Healthcare Investors by 6.6% during the first quarter. Private Advisor Group LLC now owns 28,772 shares of the real estate investment trust’s stock valued at $911,000 after acquiring an additional 1,783 shares during the period. Park Avenue Securities LLC lifted its position in shares of Omega Healthcare Investors by 5.7% in the 1st quarter. Park Avenue Securities LLC now owns 10,066 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 544 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in Omega Healthcare Investors in the 4th quarter worth approximately $758,000. 65.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on OHI. Scotiabank increased their target price 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. Mizuho cut shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $34.00 to $35.00 in a report on Thursday, July 25th. Truist Financial upped 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 note on Wednesday, September 4th. Finally, Wells Fargo & Company upgraded shares of 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, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.89.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $40.41 on Friday. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 36.41, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00. The company’s fifty day moving average is $38.21 and its 200-day moving average is $33.97. 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 12 month low of $27.53 and a 12 month high of $41.53.

Omega Healthcare Investors (NYSE:OHI) last posted 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 business had revenue of $252.70 million for the quarter, compared to analyst estimates of $205.92 million. During the same period in the previous year, the company earned $0.74 earnings per share. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. Equities analysts expect that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were given a dividend of $0.67 per share. The ex-dividend date was Monday, August 5th. This represents a $2.68 dividend on an annualized basis and a yield of 6.63%. Omega Healthcare Investors’s payout ratio is currently 241.44%.

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.