State of Alaska Department of Revenue Sells 7,945 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

State of Alaska Department of Revenue lowered its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHIGet Rating) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,899 shares of the real estate investment trust’s stock after selling 7,945 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Omega Healthcare Investors worth $4,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of OHI. Freedman Financial Associates Inc. purchased a new stake in shares of Omega Healthcare Investors in the first quarter valued at $26,000. Ritter Daniher Financial Advisory LLC purchased a new stake in shares of Omega Healthcare Investors in the first quarter valued at $35,000. MCF Advisors LLC purchased a new stake in shares of Omega Healthcare Investors in the first quarter valued at $41,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Omega Healthcare Investors in the first quarter valued at $44,000. Finally, Icapital Wealth LLC purchased a new position in Omega Healthcare Investors in the 1st quarter worth about $42,000. Institutional investors own 64.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on OHI. Raymond James raised their price target 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. Bank of America raised shares of Omega Healthcare Investors from an “underperform” rating to a “buy” rating and raised their price target for the stock from $27.00 to $35.00 in a research note on Friday, August 5th. Jefferies Financial Group downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and reduced their price target for the stock from $32.00 to $28.00 in a research note on Thursday, June 30th. Truist Financial raised their price target 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. Finally, Capital One Financial began 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. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Hold” and a consensus target price of $32.40.

Omega Healthcare Investors Stock Down 0.8 %

NYSE:OHI opened at $31.52 on Thursday. Omega Healthcare Investors, Inc. has a fifty-two week low of $24.81 and a fifty-two week high of $33.71. The stock has a market capitalization of $7.38 billion, a P/E ratio of 16.68 and a beta of 0.97. 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 company’s 50-day simple moving average is $31.94 and its 200-day simple moving average is $29.84.

Omega Healthcare Investors (NYSE:OHIGet Rating) last released 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). Omega Healthcare Investors had a net margin of 44.01% and a return on equity of 11.00%. The firm had revenue of $207.54 million during the quarter, compared to the consensus estimate of $220.06 million. During the same quarter in the prior year, the business posted $0.85 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. On average, equities 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 declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date was Friday, July 29th. Omega Healthcare Investors’s dividend payout ratio is currently 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.

See Also

Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

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