Cetera Investment Advisers Increases Stock Position in Omega Healthcare Investors, Inc. $OHI

Cetera Investment Advisers lifted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 4.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 375,965 shares of the real estate investment trust’s stock after acquiring an additional 16,607 shares during the quarter. Cetera Investment Advisers’ holdings in Omega Healthcare Investors were worth $16,475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV boosted its holdings in Omega Healthcare Investors by 300.0% in the fourth quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 450 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Omega Healthcare Investors by 40.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 268 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in Omega Healthcare Investors during the 1st quarter valued at $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Omega Healthcare Investors during the 4th quarter valued at $37,000. Finally, Rothschild Investment LLC lifted its holdings in shares of Omega Healthcare Investors by 283.7% during the 4th quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 698 shares during the period. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Up 0.4%

OHI opened at $51.62 on Wednesday. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.81. Omega Healthcare Investors, Inc. has a 1-year low of $38.23 and a 1-year high of $52.07. The company has a market capitalization of $15.37 billion, a PE ratio of 24.94, a PEG ratio of 2.19 and a beta of 0.58. The firm’s 50 day simple moving average is $47.61 and its two-hundred day simple moving average is $46.55.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). Omega Healthcare Investors had a net margin of 51.14% and a return on equity of 11.86%. The business had revenue of $322.95 million for the quarter, compared to the consensus estimate of $264.07 million. During the same period in the previous year, the firm earned $0.75 EPS. The company’s revenue was up 16.7% on a year-over-year basis. As a group, equities analysts forecast that Omega Healthcare Investors, Inc. will post 3.09 EPS for the current year.

Omega Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be issued a $0.68 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 5.3%. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.67. Omega Healthcare Investors’s payout ratio is 129.47%.

Analyst Upgrades and Downgrades

OHI has been the topic of a number of research reports. Barclays started coverage on Omega Healthcare Investors in a research note on Tuesday, July 7th. They issued an “underweight” rating and a $51.00 price target on the stock. Truist Financial lowered their target price on Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Wells Fargo & Company increased their target price on Omega Healthcare Investors from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. UBS Group set a $47.00 target price on Omega Healthcare Investors in a research report on Thursday, June 18th. Finally, Royal Bank Of Canada boosted their price target on Omega Healthcare Investors from $47.00 to $48.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Hold” and an average target price of $48.50.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.