Marshall Wace LLP Acquires Shares of 612,022 Omega Healthcare Investors, Inc. (NYSE:OHI)

Marshall Wace LLP bought a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) during the second quarter, Holdings Channel reports. The fund bought 612,022 shares of the real estate investment trust’s stock, valued at approximately $20,962,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OHI. Versant Capital Management Inc bought a new stake in Omega Healthcare Investors during the second quarter worth about $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 holdings 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 purchasing an additional 431 shares during the last quarter. Highlander Capital Management LLC boosted its position in shares of 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 worth $60,000 after purchasing an additional 650 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of 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 worth $84,000 after buying an additional 1,181 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Performance

OHI opened at $40.46 on Friday. Omega Healthcare Investors, Inc. has a 12-month low of $27.53 and a 12-month high of $41.53. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.32 and a beta of 1.00. 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’s 50 day moving average is $38.54 and its 200 day moving average is $34.18.

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

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date was Monday, August 5th. Omega Healthcare Investors’s payout ratio is 241.44%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. 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 report on Thursday, July 25th. Scotiabank upped their target price 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 target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Eight analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Omega Healthcare Investors 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.