Fulton Bank N.A. lifted its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating) by 11.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,399 shares of the real estate investment trust's stock after purchasing an additional 1,249 shares during the period. Fulton Bank N.A.'s holdings in Omega Healthcare Investors were worth $349,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Freedman Financial Associates Inc. acquired a new position in shares of Omega Healthcare Investors during the first quarter worth approximately $26,000. Cerity Partners LLC acquired a new position in shares of Omega Healthcare Investors during the first quarter worth approximately $32,000. Ritter Daniher Financial Advisory LLC acquired a new position in shares of Omega Healthcare Investors during the first quarter worth approximately $35,000. Covestor Ltd acquired a new position in shares of Omega Healthcare Investors during the fourth quarter worth approximately $39,000. Finally, MCF Advisors LLC acquired a new position in shares of Omega Healthcare Investors during the first quarter worth approximately $41,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.
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Omega Healthcare Investors Stock Up 2.1 %
Shares of NYSE:OHI opened at $31.07 on Friday. Omega Healthcare Investors, Inc. has a 52 week low of $24.81 and a 52 week high of $33.71. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.32 and a current ratio of 3.32. The company has a market capitalization of $7.27 billion, a PE ratio of 16.44 and a beta of 0.97. The company has a 50 day moving average price of $31.85 and a two-hundred day moving average price of $29.79.
Omega Healthcare Investors (NYSE:OHI – Get Rating) last issued its earnings results on Monday, August 1st. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.35). Omega Healthcare Investors had a net
margin of 44.01% and a return on equity of 11.00%. The firm had revenue of $207.54 million during the quarter, compared to the consensus estimate of $220.06 million. During the same period in the previous year, the company posted $0.85 EPS. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. Analysts forecast that Omega Healthcare Investors, Inc. will post 2.93 earnings per share for the current year.
Omega Healthcare Investors Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.63%. The ex-dividend date was Friday, July 29th. Omega Healthcare Investors's dividend payout ratio is 141.80%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on OHI shares. Capital One Financial started coverage on shares of Omega Healthcare Investors in a report on Friday, June 3rd. They issued an "equal weight" rating and a $33.00 price objective on the stock. Jefferies Financial Group lowered shares of Omega Healthcare Investors from a "buy" rating to a "hold" rating and cut their price objective for the company from $32.00 to $28.00 in a report on Thursday, June 30th. Bank of America upgraded shares of Omega Healthcare Investors from an "underperform" rating to a "buy" rating and increased their price objective for the company from $27.00 to $35.00 in a report on Friday, August 5th. Raymond James increased their price objective on shares of Omega Healthcare Investors from $33.00 to $34.00 and gave the company an "outperform" rating in a report on Wednesday, August 3rd. Finally, Truist Financial increased their price objective on shares of Omega Healthcare Investors from $30.00 to $34.00 and gave the company a "hold" rating in a report on Tuesday, September 13th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $32.40.
Omega Healthcare Investors Profile
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Omega is a real estate investment trust 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 US, as well as in the UK.
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