Concurrent Investment Advisors LLC Has $798,000 Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Concurrent Investment Advisors LLC increased its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 32.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,288 shares of the real estate investment trust’s stock after purchasing an additional 5,696 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Omega Healthcare Investors were worth $798,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WMG Financial Advisors LLC bought a new position in Omega Healthcare Investors in the second quarter valued at approximately $314,000. International Assets Investment Management LLC acquired a new position in Omega Healthcare Investors during the second quarter worth $145,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Omega Healthcare Investors by 8.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,355 shares of the real estate investment trust’s stock worth $1,553,000 after acquiring an additional 3,397 shares in the last quarter. TrueMark Investments LLC acquired a new stake in Omega Healthcare Investors in the second quarter valued at $616,000. Finally, Center For Asset Management LLC bought a new position in Omega Healthcare Investors during the second quarter worth about $376,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Up 0.3 %

Shares of NYSE:OHI opened at $39.54 on Tuesday. The business’s 50 day simple moving average is $36.30 and its 200 day simple moving average is $33.03. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $39.69. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.79 and a quick ratio of 5.79. The company has a market capitalization of $9.77 billion, a P/E ratio of 35.62, a P/E/G ratio of 1.39 and a beta of 0.97.

Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.20). Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. The company had revenue of $252.70 million for the quarter, compared to the consensus estimate of $205.92 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The business’s revenue was up 17.5% compared to the same quarter last year. On average, research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.81 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.78%. The ex-dividend date was Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio is currently 241.44%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Mizuho lowered Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $34.00 to $35.00 in a research note on Thursday, July 25th. Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Scotiabank raised their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Finally, Truist Financial upped their price target on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.17.

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.