Federated Hermes Inc. Reduces Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Federated Hermes Inc. cut its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 16.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,737 shares of the real estate investment trust’s stock after selling 4,423 shares during the quarter. Federated Hermes Inc.’s holdings in Omega Healthcare Investors were worth $744,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Omega Healthcare Investors during the second quarter worth $26,000. WFA Asset Management Corp acquired a new position in Omega Healthcare Investors during the first quarter worth $39,000. Covestor Ltd raised its holdings in 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 worth $42,000 after purchasing an additional 431 shares during the last quarter. Highlander Capital Management LLC raised its holdings in 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 worth $60,000 after purchasing an additional 650 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in 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 worth $84,000 after purchasing an additional 1,181 shares during the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Truist Financial lifted their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Scotiabank boosted their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Mizuho cut Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $34.00 to $35.00 in a report on Thursday, July 25th. Finally, Wells Fargo & Company raised Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Eight equities 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $34.89.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI opened at $40.41 on Monday. The company has a market cap of $10.42 billion, a P/E ratio of 36.41, a P/E/G ratio of 1.50 and a beta of 1.00. The company has a quick ratio of 5.79, a current ratio of 5.79 and a debt-to-equity ratio of 1.19. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $41.53. The business has a fifty day simple moving average of $38.21 and a 200-day simple moving average of $33.99.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data 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). The business had revenue of $252.70 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. Equities research analysts forecast that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current year.

Omega Healthcare Investors Announces Dividend

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