Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,269 shares of the real estate investment trust's stock after purchasing an additional 1,083 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Omega Healthcare Investors were worth $1,361,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Freedman Financial Associates Inc. purchased a new stake in Omega Healthcare Investors in the first quarter valued at $26,000. Cerity Partners LLC purchased a new stake in Omega Healthcare Investors in the first quarter valued at $32,000. Ritter Daniher Financial Advisory LLC purchased a new stake in shares of Omega Healthcare Investors during the 1st quarter worth about $35,000. MCF Advisors LLC purchased a new stake in shares of Omega Healthcare Investors during the 1st quarter worth about $41,000. Finally, Icapital Wealth LLC purchased a new stake in shares of Omega Healthcare Investors during the 1st quarter worth about $42,000. 64.10% of the stock is owned by hedge funds and other institutional investors.
Get Omega Healthcare Investors alerts:Analyst Upgrades and Downgrades
OHI has been the topic of several recent analyst reports. Bank of America raised shares of Omega Healthcare Investors from an "underperform" rating to a "buy" rating and increased their target price for the stock from $27.00 to $35.00 in a research note on Friday, August 5th. Jefferies Financial Group lowered shares of Omega Healthcare Investors from a "buy" rating to a "hold" rating and lowered their target price for the stock from $32.00 to $28.00 in a research note on Thursday, June 30th. Truist Financial increased their target price on shares of Omega Healthcare Investors from $30.00 to $34.00 and gave the stock a "hold" rating in a research note on Tuesday, September 13th. Capital One Financial assumed coverage on shares of Omega Healthcare Investors in a research note on Friday, June 3rd. They set an "equal weight" rating and a $33.00 target price on the stock. Finally, Raymond James raised their price target on shares of Omega Healthcare Investors from $33.00 to $34.00 and gave the company an "outperform" rating in a research note on Wednesday, August 3rd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $32.40.
Omega Healthcare Investors Stock Down 2.2 %
OHI stock opened at $30.09 on Friday. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 1.35. Omega Healthcare Investors, Inc. has a 12 month low of $24.81 and a 12 month high of $33.71. The firm has a 50-day moving average of $32.00 and a two-hundred day moving average of $29.88.Omega Healthcare Investors (NYSE:OHI – Get Rating) last released its quarterly earnings data 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 business 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 firm's revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, analysts forecast that Omega Healthcare Investors, Inc. will post 2.93 earnings per share for the current fiscal year.
Omega Healthcare Investors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were issued a $0.67 dividend. The ex-dividend date was Friday, July 29th. This represents a $2.68 dividend on an annualized basis and a yield of 8.91%. Omega Healthcare Investors's payout ratio is 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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