P.A.W. Capital Corp increased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating) by 6.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,000 shares of the real estate investment trust's stock after acquiring an additional 2,000 shares during the quarter. Omega Healthcare Investors makes up 1.3% of P.A.W. Capital Corp's holdings, making the stock its 20th largest holding. P.A.W. Capital Corp's holdings in Omega Healthcare Investors were worth $902,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of OHI. Freedman Financial Associates Inc. acquired a new position in shares of Omega Healthcare Investors in the 1st quarter worth $26,000. Cerity Partners LLC acquired a new position in shares of Omega Healthcare Investors in the 1st quarter worth $32,000. Ritter Daniher Financial Advisory LLC acquired a new position in shares of Omega Healthcare Investors in the 1st quarter worth $35,000. MCF Advisors LLC purchased a new position in shares of Omega Healthcare Investors during the first quarter valued at $41,000. Finally, Icapital Wealth LLC purchased a new position in shares of Omega Healthcare Investors during the first quarter valued at $42,000. 64.10% of the stock is currently owned by institutional investors and hedge funds.
Get Omega Healthcare Investors alerts:Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Capital One Financial assumed coverage on Omega Healthcare Investors in a report on Friday, June 3rd. They set an "equal weight" rating and a $33.00 price target on the stock. Truist Financial lifted their price target on Omega Healthcare Investors from $30.00 to $34.00 and gave the company a "hold" rating in a report on Tuesday, September 13th. Jefferies Financial Group downgraded Omega Healthcare Investors from a "buy" rating to a "hold" rating and lowered their target price for the company from $32.00 to $28.00 in a research note on Thursday, June 30th. Bank of America upgraded Omega Healthcare Investors from an "underperform" rating to a "buy" rating and boosted their target price for the company from $27.00 to $35.00 in a research note on Friday, August 5th. Finally, Raymond James boosted their price target on Omega Healthcare Investors from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 3rd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Omega Healthcare Investors currently has an average rating of "Hold" and a consensus target price of $32.40.
Omega Healthcare Investors Trading Up 1.6 %
Shares of OHI stock traded up $0.51 during trading hours on Wednesday, reaching $32.27. The company had a trading volume of 48,235 shares, compared to its average volume of 1,472,845. The company has a 50 day moving average of $31.94 and a 200 day moving average of $29.84. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 16.80 and a beta of 0.97. Omega Healthcare Investors, Inc. has a 1-year low of $24.81 and a 1-year high of $33.71.Omega Healthcare Investors (NYSE:OHI – Get Rating) last posted its quarterly 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 company had revenue of $207.54 million during 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 last year, the company earned $0.85 EPS. On average, equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.93 EPS for the current year.
Omega Healthcare Investors Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 8.30%. The ex-dividend date of this dividend was Friday, July 29th. Omega Healthcare Investors's payout ratio is presently 141.80%.
Omega Healthcare Investors Company 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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