Oppenheimer Asset Management Inc. Makes New Investment in Omega Healthcare Investors, Inc. (NYSE:OHI)

Oppenheimer Asset Management Inc. purchased a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,943 shares of the real estate investment trust’s stock, valued at approximately $238,000.

Other institutional investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. boosted its holdings in Omega Healthcare Investors by 96.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 21,799 shares of the real estate investment trust’s stock worth $690,000 after acquiring an additional 10,714 shares in the last quarter. Slagle Financial LLC boosted its holdings in 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 boosted its holdings in Omega Healthcare Investors by 6.6% in the first quarter. Private Advisor Group LLC now owns 28,772 shares of the real estate investment trust’s stock worth $911,000 after acquiring an additional 1,783 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Omega Healthcare Investors by 5.7% in the first quarter. Park Avenue Securities LLC now owns 10,066 shares of the real estate investment trust’s stock worth $319,000 after acquiring an additional 544 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new stake in Omega Healthcare Investors in the fourth quarter worth about $758,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OHI. Wells Fargo & Company raised Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Scotiabank lifted their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Truist Financial lifted their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Finally, Mizuho downgraded Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $34.00 to $35.00 in a report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of “Hold” and an average price target of $34.89.

Omega Healthcare Investors Stock Down 0.2 %

Shares of OHI stock opened at $40.41 on Friday. The stock has a 50 day moving average of $38.21 and a 200 day moving average of $33.97. The company has a current ratio of 5.79, a quick ratio of 5.79 and a debt-to-equity ratio of 1.19. The stock has a market cap of $10.42 billion, a P/E ratio of 36.41, a P/E/G ratio of 1.50 and a beta of 1.00. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $41.53.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $205.92 million. Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 earnings per share. As a group, sell-side analysts expect that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date of this dividend was Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

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.