Intech Investment Management LLC Acquires New Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Intech Investment Management LLC bought a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 61,442 shares of the real estate investment trust’s stock, valued at approximately $2,104,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Omega Healthcare Investors by 0.5% in the first quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock valued at $1,120,478,000 after purchasing an additional 165,105 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Omega Healthcare Investors by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,732,390 shares of the real estate investment trust’s stock worth $127,831,000 after buying an additional 272,299 shares in the last quarter. Centersquare Investment Management LLC boosted its position in Omega Healthcare Investors by 36.6% in the 4th quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock valued at $109,924,000 after buying an additional 960,997 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Omega Healthcare Investors by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 3,240,025 shares of the real estate investment trust’s stock worth $110,971,000 after acquiring an additional 143,521 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Omega Healthcare Investors in the fourth quarter worth $61,698,000. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Trading Up 1.5 %

NYSE:OHI opened at $41.01 on Tuesday. The company has a market capitalization of $10.57 billion, a PE ratio of 36.95, a P/E/G ratio of 1.50 and a beta of 1.00. Omega Healthcare Investors, Inc. has a 52-week low of $27.53 and a 52-week high of $41.53. The stock’s 50 day moving average price is $38.33 and its 200 day moving average price is $34.06. 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 (NYSE:OHI) last released its quarterly 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). 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 quarter last year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date of this dividend was Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio is currently 241.44%.

Wall Street Analyst Weigh In

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

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.