Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 14.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 125,024 shares of the real estate investment trust’s stock after selling 21,059 shares during the quarter. Amalgamated Bank’s holdings in Omega Healthcare Investors were worth $4,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of OHI. Versant Capital Management Inc purchased a new position in shares of Omega Healthcare Investors during the second quarter valued at approximately $26,000. WFA Asset Management Corp purchased a new position in shares of Omega Healthcare Investors during the first quarter valued at approximately $39,000. Covestor Ltd lifted its stake in shares of Omega Healthcare Investors by 47.6% during the first quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 431 shares during the period. Highlander Capital Management LLC lifted its stake in shares of Omega Healthcare Investors by 52.0% during 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 buying an additional 650 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Omega Healthcare Investors by 93.4% during the second 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 during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Scotiabank upped 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. Mizuho downgraded shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $34.00 to $35.00 in a research note on Thursday, July 25th. Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Finally, Truist Financial increased 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. Eight research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.89.

Omega Healthcare Investors Stock Performance

Shares of OHI stock opened at $40.41 on Friday. The company’s fifty day simple moving average is $38.21 and its 200-day simple moving average is $33.97. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $41.53. 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 company has a market cap of $10.42 billion, a PE ratio of 36.41, a P/E/G ratio of 1.50 and a beta of 1.00.

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 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 business had revenue of $252.70 million during the quarter, compared to analysts’ expectations of $205.92 million. During the same period in the prior year, the business posted $0.74 EPS. The business’s revenue was up 17.5% on a year-over-year basis. As a group, equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date was Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio is presently 241.44%.

About Omega Healthcare Investors

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.