Deerfield Management Company L.P. Series C Has $588,000 Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Deerfield Management Company L.P. Series C lifted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 75.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,154 shares of the real estate investment trust’s stock after purchasing an additional 7,366 shares during the quarter. Deerfield Management Company L.P. Series C’s holdings in Omega Healthcare Investors were worth $588,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in Omega Healthcare Investors during the second quarter worth about $26,000. WFA Asset Management Corp bought a new position in shares of Omega Healthcare Investors during the 1st quarter valued at about $39,000. Covestor Ltd grew its position in shares of Omega Healthcare Investors by 47.6% in the 1st 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 increased its stake in Omega Healthcare Investors by 52.0% during 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 raised its holdings in Omega Healthcare Investors by 93.4% during 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 period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $40.46 on Friday. 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 business has a 50-day moving average of $38.54 and a 200-day moving average of $34.18. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.32 and a beta of 1.00. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $41.53.

Omega Healthcare Investors (NYSE:OHI) last issued 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). The company had revenue of $252.70 million for the quarter, compared to analyst estimates of $205.92 million. Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the company posted $0.74 earnings per share. As a group, sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OHI shares. Scotiabank lifted their price target 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 cut shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Finally, Truist Financial boosted their price target on 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.