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

APG Asset Management US Inc. acquired a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 150,000 shares of the real estate investment trust’s stock, valued at approximately $5,096,000. APG Asset Management US Inc. owned approximately 0.06% of Omega Healthcare Investors at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. raised its holdings in Omega Healthcare Investors by 96.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 21,799 shares of the real estate investment trust’s stock worth $690,000 after buying an additional 10,714 shares during the period. Slagle Financial LLC raised its holdings in shares of Omega Healthcare Investors by 102.1% during 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 during the period. Private Advisor Group LLC lifted its position in Omega Healthcare Investors by 6.6% in the 1st 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 in the last quarter. Park Avenue Securities LLC increased its holdings in Omega Healthcare Investors by 5.7% during the 1st quarter. Park Avenue Securities LLC now owns 10,066 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 544 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at about $758,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Omega Healthcare Investors Stock Down 1.5 %

Shares of OHI stock opened at $40.46 on Friday. The firm’s 50-day moving average is $38.54 and its 200-day moving average is $34.18. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.32 and a beta of 1.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 5.79 and a current ratio of 5.79. Omega Healthcare Investors, Inc. has a 52-week low of $27.53 and a 52-week high of $41.53.

Omega Healthcare Investors (NYSE:OHI) last issued 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 the consensus estimate of $205.92 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The business’s revenue was up 17.5% compared to the same quarter last year. Sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The business 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 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 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.