M Holdings Securities Inc. acquired a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,065 shares of the real estate investment trust's stock, valued at approximately $220,000.
Several other institutional investors and hedge funds have also made changes to their positions in OHI. Freedman Financial Associates Inc. acquired a new stake in shares of Omega Healthcare Investors during the first quarter worth $26,000. Cerity Partners LLC purchased a new position in shares of Omega Healthcare Investors during the first quarter worth $32,000. Ritter Daniher Financial Advisory LLC purchased a new position in shares of Omega Healthcare Investors during the first quarter worth $35,000. Covestor Ltd purchased a new position in shares of Omega Healthcare Investors during the fourth quarter worth $39,000. Finally, MCF Advisors LLC purchased a new position in shares of Omega Healthcare Investors during the first quarter worth $41,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.
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Analysts Set New Price Targets
OHI has been the subject of several recent research reports. Bank of America raised shares of Omega Healthcare Investors from an "underperform" rating to a "buy" rating and raised their target price for the stock from $27.00 to $35.00 in a report on Friday, August 5th. Raymond James raised their target price on shares of Omega Healthcare Investors from $33.00 to $34.00 and gave the stock an "outperform" rating in a report on Wednesday, August 3rd. Truist Financial raised their target price on shares of Omega Healthcare Investors from $30.00 to $34.00 and gave the stock a "hold" rating in a report on Tuesday, September 13th. Jefferies Financial Group cut shares of Omega Healthcare Investors from a "buy" rating to a "hold" rating and reduced their target price for the stock from $32.00 to $28.00 in a report on Thursday, June 30th. Finally, Capital One Financial initiated 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 for the company. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $32.40.
Omega Healthcare Investors Stock Up 2.1 %
OHI stock opened at $31.07 on Monday. The stock has a market capitalization of $7.27 billion, a P/E ratio of 16.44 and a beta of 0.97. The firm has a 50-day simple moving average of $31.85 and a 200-day simple moving average of $29.80. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 1.35. Omega Healthcare Investors, Inc. has a 52 week low of $24.81 and a 52 week high of $33.71.
Omega Healthcare Investors (NYSE:OHI – Get Rating) last released its earnings results on Monday, August 1st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.35). The company had revenue of $207.54 million for the quarter, compared to analysts' expectations of $220.06 million. Omega Healthcare Investors had a return on equity of 11.00% and a net margin of 44.01%. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. Equities analysts forecast that Omega Healthcare Investors, Inc. will post 2.93 earnings per share for the current fiscal year.
Omega Healthcare Investors Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, July 29th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.63%. Omega Healthcare Investors's dividend payout ratio is currently 141.80%.
About Omega Healthcare Investors
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Omega Healthcare Investors (OHI)
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