Private Advisor Group LLC Lowers Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Private Advisor Group LLC decreased its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,309 shares of the real estate investment trust’s stock after selling 2,463 shares during the period. Private Advisor Group LLC’s holdings in Omega Healthcare Investors were worth $901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in shares of Omega Healthcare Investors in the second quarter valued at about $26,000. WFA Asset Management Corp acquired a new stake in shares of Omega Healthcare Investors in the first quarter valued at about $39,000. Covestor Ltd lifted its stake in shares of 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 valued at $42,000 after purchasing an additional 431 shares during the period. Highlander Capital Management LLC lifted its stake in shares of 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 valued at $60,000 after purchasing an additional 650 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of 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 valued at $84,000 after purchasing an additional 1,181 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OHI shares. Scotiabank raised their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Truist Financial lifted their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Mizuho cut shares of 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 research report on Thursday, July 25th. 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, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.82.

Omega Healthcare Investors Stock Performance

Shares of NYSE OHI opened at $40.80 on Tuesday. The company has a market cap of $10.08 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 1.48 and a beta of 1.00. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $41.09. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.79 and a quick ratio of 5.79. The company has a 50-day simple moving average of $37.69 and a 200-day simple moving average of $33.72.

Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.20). Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. The company had revenue of $252.70 million during the quarter, compared to analysts’ expectations of $205.92 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Omega Healthcare Investors’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were issued a $0.67 dividend. The ex-dividend date was Monday, August 5th. This represents a $2.68 dividend on an annualized basis and a yield of 6.57%. Omega Healthcare Investors’s payout ratio is 241.44%.

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.