Pacer Advisors Inc. Boosts Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Pacer Advisors Inc. boosted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 28.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,704 shares of the real estate investment trust’s stock after acquiring an additional 10,643 shares during the period. Pacer Advisors Inc.’s holdings in Omega Healthcare Investors were worth $1,634,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in Omega Healthcare Investors during the 2nd quarter valued at about $26,000. WFA Asset Management Corp bought a new stake in Omega Healthcare Investors during the 1st quarter valued at about $39,000. Covestor Ltd increased its stake in Omega Healthcare Investors by 47.6% during the 1st quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 431 shares in the last quarter. Highlander Capital Management LLC increased its stake in Omega Healthcare Investors by 52.0% during the 1st quarter. Highlander Capital Management LLC now owns 1,900 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 650 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Omega Healthcare Investors by 93.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,446 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 1,181 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OHI has been the subject of a number of analyst reports. Truist Financial raised their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, September 4th. Scotiabank raised their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Finally, Mizuho lowered shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $35.00 in a research note on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.89.

Omega Healthcare Investors Trading Down 1.5 %

Shares of NYSE:OHI opened at $40.46 on Friday. The stock’s 50-day simple moving average is $38.54 and its two-hundred day simple moving average is $34.18. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.32 and a beta of 1.00. Omega Healthcare Investors, Inc. has a 52-week low of $27.53 and a 52-week high of $41.53. The company has a debt-to-equity ratio of 1.19, a quick ratio of 5.79 and a current ratio of 5.79.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.20). Omega Healthcare Investors had a return on equity of 8.61% and a net margin of 33.52%. The business had revenue of $252.70 million during the quarter, compared to analysts’ expectations of $205.92 million. During the same period in the previous year, the business posted $0.74 EPS. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. Analysts expect that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.68 annualized dividend and a dividend yield of 6.62%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 241.44%.

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.