Pathway Financial Advisers LLC Has $3.02 Million Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Pathway Financial Advisers LLC decreased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,349 shares of the real estate investment trust’s stock after selling 867 shares during the period. Omega Healthcare Investors comprises approximately 1.1% of Pathway Financial Advisers LLC’s investment portfolio, making the stock its 28th biggest holding. Pathway Financial Advisers LLC’s holdings in Omega Healthcare Investors were worth $3,023,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Omega Healthcare Investors in the 2nd quarter valued at $26,000. WFA Asset Management Corp bought a new position in shares of Omega Healthcare Investors during the first quarter worth approximately $39,000. Covestor Ltd lifted its holdings in 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 during the last quarter. Highlander Capital Management LLC boosted its stake in Omega Healthcare Investors by 52.0% in the 1st quarter. Highlander Capital Management LLC now owns 1,900 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 650 shares during the period. Finally, GAMMA Investing LLC grew its holdings in 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 buying an additional 1,181 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Up 0.9 %

Shares of NYSE:OHI opened at $40.69 on Tuesday. 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. The company has a market capitalization of $10.05 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 1.32 and a beta of 1.00. The company has a fifty day moving average of $38.81 and a 200-day moving average of $34.40.

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). The firm had revenue of $252.70 million during the quarter, compared to the consensus estimate of $205.92 million. Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. Omega Healthcare Investors’s revenue for the quarter 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. On average, equities analysts predict that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders 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 6.59%. The ex-dividend date was Monday, August 5th. Omega Healthcare Investors’s payout ratio is currently 241.44%.

Analysts Set New Price Targets

OHI has been the topic of several research reports. Truist Financial upped their price target 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. Scotiabank lifted their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Finally, Mizuho downgraded Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and upped their target price for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Omega Healthcare Investors has an average rating of “Hold” and a consensus target price of $34.89.

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.