Asset Management One Co. Ltd. Acquires 22,691 Shares of Omega Healthcare Investors, Inc. $OHI

Key Points

• Asset Management One increased its Omega Healthcare Investors stake by 4.8%, purchasing 22,691 shares in the third quarter and bringing its holdings to 498,464 shares valued at approximately $23.1 million. Institutional investors collectively own 65.25% of OHI.
• Omega reported quarterly EPS of $1.19, well above the $0.51 analyst consensus, while revenue rose 16.2% year over year to $328.25 million.
• The REIT declared a quarterly dividend of $0.68 per share, equivalent to a 5.8% annualized yield. Analysts maintain a consensus “Hold” rating, with an average price target of $49.93.

Asset Management One Co. Ltd. raised its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 4.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 498,464 shares of the real estate investment trust's stock after purchasing an additional 22,691 shares during the period. Asset Management One Co. Ltd. owned approximately 0.16% of Omega Healthcare Investors worth $23,084,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in OHI. Latitude Advisors LLC bought a new position in shares of Omega Healthcare Investors during the 3rd quarter valued at approximately $35,000. Oppenheimer & Co. Inc. increased its position in shares of Omega Healthcare Investors by 4.3% during the third quarter. Oppenheimer & Co. Inc. now owns 63,631 shares of the real estate investment trust's stock valued at $2,947,000 after buying an additional 2,607 shares during the period. Rainey & Randall Wealth Advisors Inc. increased its holdings in Omega Healthcare Investors by 0.5% during the 3rd quarter. Rainey & Randall Wealth Advisors Inc. now owns 216,429 shares of the real estate investment trust's stock worth $10,023,000 after acquiring an additional 1,127 shares during the period. Apollon Wealth Management LLC boosted its stake in Omega Healthcare Investors by 11.9% during the third quarter. Apollon Wealth Management LLC now owns 25,770 shares of the real estate investment trust's stock valued at $1,193,000 after buying an additional 2,747 shares during the period. Finally, Samalin Investment Counsel LLC boosted its stake in Omega Healthcare Investors by 6.4% during the third quarter. Samalin Investment Counsel LLC now owns 31,945 shares of the real estate investment trust's stock valued at $1,479,000 after buying an additional 1,908 shares during the period. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Trading Up 2.6%

Shares of Omega Healthcare Investors stock opened at $46.83 on Friday. The firm has a market capitalization of $14.19 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 1.84 and a beta of 0.53. Omega Healthcare Investors, Inc. has a 12 month low of $39.38 and a 12 month high of $52.39. The business's 50-day moving average price is $46.15 and its 200-day moving average price is $46.58.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.68. The company had revenue of $328.25 million during the quarter, compared to analysts' expectations of $266.97 million. Omega Healthcare Investors had a net margin of 66.96% and a return on equity of 15.76%. The firm's revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. As a group, analysts predict that Omega Healthcare Investors, Inc. will post 3.12 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 5th will be issued a $0.68 dividend. The ex-dividend date is Thursday, November 5th. This represents a $2.72 annualized dividend and a dividend yield of 5.8%. Omega Healthcare Investors's payout ratio is currently 97.14%.

Wall Street Analyst Weigh In

OHI has been the topic of a number of research analyst reports. Weiss Ratings restated a "buy (b+)" rating on shares of Omega Healthcare Investors in a research note on Friday, September 25th. Citigroup raised Omega Healthcare Investors from a "buy" rating to an "outperform" rating in a report on Thursday, October 22nd. Mizuho upped their price objective on shares of Omega Healthcare Investors from $45.00 to $46.00 and gave the stock a "neutral" rating in a research report on Monday, August 31st. Wells Fargo & Company lowered their target price on shares of Omega Healthcare Investors from $48.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Monday, October 19th. Finally, Wall Street Zen upgraded shares of Omega Healthcare Investors from a "hold" rating to a "buy" rating in a research report on Saturday, October 17th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $49.93.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a real estate investment trust focused on the healthcare sector. The company invests in and owns healthcare facilities, with a primary emphasis on skilled nursing and assisted living properties.

Omega generally leases its properties to healthcare operators under long-term agreements, supporting services for seniors and individuals who require post-acute, rehabilitative, or long-term care. Its portfolio has also included other healthcare-related properties, such as continuing care retirement communities and specialty facilities.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega serves healthcare operators across the United States and the United Kingdom.

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