Community Trust & Investment Co. grew its position in Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,956 shares of the real estate investment trust's stock after acquiring an additional 2,740 shares during the period. Community Trust & Investment Co.'s holdings in Omega Healthcare Investors were worth $2,649,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Freedman Financial Associates Inc. acquired a new position in Omega Healthcare Investors during the first quarter worth approximately $26,000. Cerity Partners LLC bought a new position in shares of Omega Healthcare Investors in the first quarter valued at about $32,000. Ritter Daniher Financial Advisory LLC acquired a new stake in shares of Omega Healthcare Investors during the 1st quarter worth about $35,000. Covestor Ltd bought a new stake in shares of Omega Healthcare Investors during the 4th quarter worth about $39,000. Finally, MCF Advisors LLC bought a new position in Omega Healthcare Investors in the 1st quarter valued at about $41,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.
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Omega Healthcare Investors Trading Down 0.7 %
Shares of OHI stock traded down $0.22 on Tuesday, hitting $31.48. The company had a trading volume of 53,679 shares, compared to its average volume of 1,459,684. Omega Healthcare Investors, Inc. has a twelve month low of $24.81 and a twelve month 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 firm has a market cap of $7.37 billion, a P/E ratio of 16.77 and a beta of 0.97. The stock's 50-day moving average is $31.90 and its two-hundred day moving average is $29.82.
Omega Healthcare Investors (NYSE:OHI – Get Rating) last released its earnings results on Monday, August 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.35). The firm had revenue of $207.54 million for the quarter, compared to analyst estimates of $220.06 million. Omega Healthcare Investors had a net
margin of 44.01% and a return on equity of 11.00%. The business's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. On average, equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.93 earnings per share for the current fiscal year.
Omega Healthcare Investors Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were issued a $0.67 dividend. The ex-dividend date of this dividend was Friday, July 29th. This represents a $2.68 annualized dividend and a yield of 8.51%. Omega Healthcare Investors's payout ratio is 141.80%.
Analysts Set New Price Targets
Several research firms recently issued reports on OHI. Bank of America upgraded Omega Healthcare Investors from an "underperform" rating to a "buy" rating and boosted their price target for the company from $27.00 to $35.00 in a research note on Friday, August 5th. Truist Financial upped their price target on shares of Omega Healthcare Investors from $30.00 to $34.00 and gave the company a "hold" rating in a research note on Tuesday, September 13th. Raymond James lifted their price objective on shares of Omega Healthcare Investors from $33.00 to $34.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 3rd. Capital One Financial started coverage on shares of Omega Healthcare Investors in a report on Friday, June 3rd. They set an "equal weight" rating and a $33.00 target price on the stock. Finally, Jefferies Financial Group cut Omega Healthcare Investors from a "buy" rating to a "hold" rating and cut their price target for the company from $32.00 to $28.00 in a research note on Thursday, June 30th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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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