IFP Advisors Inc Raises Holdings in Omega Healthcare Investors Inc (OHI)
IFP Advisors Inc boosted its position in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 37.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 31,894 shares of the real estate investment trust’s stock after acquiring an additional 8,752 shares during the quarter. IFP Advisors Inc’s holdings in Omega Healthcare Investors were worth $989,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of OHI. Private Capital Group LLC lifted its position in Omega Healthcare Investors by 5,518.8% during the 1st quarter. Private Capital Group LLC now owns 3,877 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 3,808 shares during the period. BerganKDV Wealth Management LLC acquired a new stake in Omega Healthcare Investors during the 2nd quarter worth about $110,000. Winslow Evans & Crocker Inc. lifted its position in Omega Healthcare Investors by 213.7% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,670 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 2,500 shares during the period. Assetmark Inc. lifted its position in Omega Healthcare Investors by 17,126.9% during the 1st quarter. Assetmark Inc. now owns 4,479 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 4,453 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in Omega Healthcare Investors during the 1st quarter worth about $206,000. 72.11% of the stock is owned by institutional investors.
OHI has been the subject of several analyst reports. ValuEngine cut Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised Omega Healthcare Investors from a “sell” rating to a “hold” rating in a report on Thursday, August 16th. Stifel Nicolaus boosted their price objective on Omega Healthcare Investors from $27.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, August 7th. Jefferies Financial Group raised Omega Healthcare Investors from an “underperform” rating to a “hold” rating and set a $27.00 price objective for the company in a report on Wednesday, May 16th. Finally, Raymond James initiated coverage on Omega Healthcare Investors in a report on Wednesday, April 25th. They issued a “market perform” rating for the company. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $31.37.
Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Friday, August 3rd. The real estate investment trust reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The company had revenue of $192.85 million during the quarter, compared to analysts’ expectations of $200.30 million. Omega Healthcare Investors had a return on equity of 2.49% and a net margin of 10.61%. Omega Healthcare Investors’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. equities research analysts expect that Omega Healthcare Investors Inc will post 2.97 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Tuesday, July 31st were issued a $0.66 dividend. The ex-dividend date of this dividend was Monday, July 30th. This represents a $2.64 dividend on an annualized basis and a yield of 8.11%. Omega Healthcare Investors’s payout ratio is 80.00%.
Omega Healthcare Investors Company Profile
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.
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