Tyers Asset Management LLC Raises Stock Position in Omega Healthcare Investors Inc (NYSE:OHI)
Tyers Asset Management LLC lifted its position in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 44.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,460 shares of the real estate investment trust’s stock after buying an additional 14,588 shares during the quarter. Tyers Asset Management LLC’s holdings in Omega Healthcare Investors were worth $1,744,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in OHI. Krane Funds Advisors LLC purchased a new stake in shares of Omega Healthcare Investors in the second quarter valued at about $25,000. Coastal Investment Advisors Inc. grew its stake in shares of Omega Healthcare Investors by 148.4% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 683 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 408 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in Omega Healthcare Investors during the second quarter worth about $31,000. Kavar Capital Partners LLC purchased a new position in shares of Omega Healthcare Investors in the 2nd quarter worth about $33,000. Finally, Avestar Capital LLC lifted its stake in shares of Omega Healthcare Investors by 63.2% in the 1st quarter. Avestar Capital LLC now owns 1,286 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 498 shares in the last quarter. Institutional investors and hedge funds own 69.94% of the company’s stock.
Several brokerages recently issued reports on OHI. Zacks Investment Research downgraded Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Wells Fargo & Co raised their target price on Omega Healthcare Investors from $36.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Finally, Raymond James upgraded Omega Healthcare Investors from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $40.00 to $42.00 in a research note on Thursday, August 8th. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Omega Healthcare Investors currently has a consensus rating of “Hold” and an average target price of $38.92.
Shares of OHI traded up $0.52 during midday trading on Wednesday, hitting $40.70. The company had a trading volume of 33,377 shares, compared to its average volume of 1,761,901. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 5.49 and a beta of 0.37. The company’s 50 day moving average price is $38.88 and its 200 day moving average price is $37.16. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 1.17. Omega Healthcare Investors Inc has a 52 week low of $31.69 and a 52 week high of $41.67.
Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.39). Omega Healthcare Investors had a return on equity of 6.79% and a net margin of 29.38%. The company had revenue of $191.81 million for the quarter, compared to the consensus estimate of $190.46 million. During the same period in the previous year, the business posted $0.75 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts anticipate that Omega Healthcare Investors Inc will post 2.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a $0.66 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $2.64 annualized dividend and a dividend yield of 6.49%. Omega Healthcare Investors’s payout ratio is 86.84%.
About Omega Healthcare Investors
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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