Fifth Third Bancorp Has $264,000 Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Fifth Third Bancorp increased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 33.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,694 shares of the real estate investment trust’s stock after purchasing an additional 1,950 shares during the period. Fifth Third Bancorp’s holdings in Omega Healthcare Investors were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in shares of Omega Healthcare Investors during the second quarter worth about $26,000. MeadowBrook Investment Advisors LLC acquired a new position in Omega Healthcare Investors during the 4th quarter worth approximately $31,000. GAMMA Investing LLC bought a new position in shares of Omega Healthcare Investors during the 4th quarter worth approximately $35,000. WFA Asset Management Corp acquired a new stake in shares of Omega Healthcare Investors in the first quarter valued at approximately $39,000. Finally, Covestor Ltd lifted its position in shares of Omega Healthcare Investors by 47.6% in the first quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 431 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Up 1.1 %

OHI opened at $38.83 on Friday. The stock’s fifty day simple moving average is $35.64 and its 200 day simple moving average is $32.69. Omega Healthcare Investors, Inc. has a 1-year low of $27.53 and a 1-year high of $38.99. The stock has a market cap of $9.59 billion, a PE ratio of 34.98, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. The company has a current ratio of 5.79, a quick ratio of 5.79 and a debt-to-equity ratio of 1.19.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.20). The company had revenue of $252.70 million during the quarter, compared to the consensus estimate of $205.92 million. Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. Omega Healthcare Investors’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. As a group, research analysts expect that Omega Healthcare Investors, Inc. will post 2.81 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.68 annualized dividend and a yield of 6.90%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Analyst Ratings Changes

A number of research analysts recently weighed in on OHI shares. Truist Financial raised their target price on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Mizuho downgraded Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. Wells Fargo & Company raised Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Finally, Scotiabank upped their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 9th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $33.67.

Omega Healthcare Investors Company Profile

Omega is a REIT 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 U.S., as well as in the U.K.