Concurrent Investment Advisors LLC Acquires 5,696 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Concurrent Investment Advisors LLC grew its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 32.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,288 shares of the real estate investment trust’s stock after buying an additional 5,696 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Omega Healthcare Investors were worth $798,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Left Brain Wealth Management LLC grew its stake in shares of Omega Healthcare Investors by 2.0% in the fourth quarter. Left Brain Wealth Management LLC now owns 17,365 shares of the real estate investment trust’s stock worth $532,000 after purchasing an additional 335 shares during the last quarter. Pasadena Private Wealth LLC grew its position in shares of Omega Healthcare Investors by 2.9% in the 2nd quarter. Pasadena Private Wealth LLC now owns 12,049 shares of the real estate investment trust’s stock worth $413,000 after buying an additional 335 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Omega Healthcare Investors by 4.7% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,574 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 342 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Omega Healthcare Investors by 2.5% during the first quarter. Tidal Investments LLC now owns 14,325 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 348 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in shares of Omega Healthcare Investors by 11.5% during the fourth quarter. Quadrant Capital Group LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 394 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Up 0.3 %

OHI stock opened at $39.54 on Tuesday. The business has a 50 day moving average of $36.30 and a 200 day moving average of $33.03. The firm has a market cap of $9.77 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 1.39 and a beta of 0.97. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $39.69. The company has a quick ratio of 5.79, a current ratio of 5.79 and a debt-to-equity ratio of 1.19.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results 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 for 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 was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share. On average, research analysts forecast that Omega Healthcare Investors, Inc. will post 2.81 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

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. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.68 annualized dividend and a yield of 6.78%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Analyst Upgrades and Downgrades

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

About Omega Healthcare Investors

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.