AE Wealth Management LLC Purchases New Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

AE Wealth Management LLC purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,559 shares of the real estate investment trust’s stock, valued at approximately $293,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of Omega Healthcare Investors in the second quarter valued at approximately $26,000. WFA Asset Management Corp purchased a new position in Omega Healthcare Investors in the first quarter worth approximately $39,000. Covestor Ltd grew its position in 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 worth $42,000 after acquiring an additional 431 shares during the period. Highlander Capital Management LLC grew its position in Omega Healthcare Investors by 52.0% in the first 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 period. Finally, GAMMA Investing LLC grew its position in Omega Healthcare Investors by 93.4% in the second quarter. GAMMA Investing LLC now owns 2,446 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 1,181 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

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

Omega Healthcare Investors Stock Down 0.3 %

Shares of NYSE OHI opened at $40.33 on Friday. The stock has a market cap of $9.97 billion, a P/E ratio of 36.33, a PEG ratio of 1.32 and a beta of 1.00. The company has a current ratio of 5.79, a quick 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. The business’s fifty day simple moving average is $38.64 and its 200-day simple moving average is $34.22.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share (EPS) 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 firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 earnings per share. As a group, equities analysts predict that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current fiscal 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 paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.65%. The ex-dividend date of this dividend was Monday, August 5th. Omega Healthcare Investors’s payout ratio is currently 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.