Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Purchased by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC has significantly increased its holdings in Omega Healthcare Investors, Inc. by 111.0%, now owning 108,884 shares valued at approximately $4.15 million.
• Omega Healthcare reported a strong quarterly EPS of $0.77, outperforming analysts' expectations by $0.32, alongside revenue of $235.60 million for the quarter.
• The company declared a quarterly dividend of $0.67 per share, which reflects a 6.7% dividend yield, despite a high payout ratio of 165.43%.

New Age Alpha Advisors LLC increased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 111.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 108,884 shares of the real estate investment trust's stock after buying an additional 57,273 shares during the quarter. New Age Alpha Advisors LLC's holdings in Omega Healthcare Investors were worth $4,146,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Plan Group Financial LLC grew its stake in shares of Omega Healthcare Investors by 47.3% in the first quarter. Plan Group Financial LLC now owns 38,293 shares of the real estate investment trust's stock valued at $1,458,000 after buying an additional 12,297 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of Omega Healthcare Investors by 6.6% in the first quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 29,987 shares of the real estate investment trust's stock valued at $1,142,000 after buying an additional 1,866 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in shares of Omega Healthcare Investors by 1.1% in the first quarter. Pathway Financial Advisers LLC now owns 89,950 shares of the real estate investment trust's stock valued at $3,425,000 after buying an additional 995 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Omega Healthcare Investors by 27.7% in the first quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the real estate investment trust's stock valued at $515,000 after buying an additional 2,936 shares in the last quarter. Finally, LSV Asset Management grew its stake in shares of Omega Healthcare Investors by 0.5% in the first quarter. LSV Asset Management now owns 1,592,000 shares of the real estate investment trust's stock valued at $60,623,000 after buying an additional 7,200 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Stock Performance

Shares of NYSE OHI traded down $0.15 during mid-day trading on Friday, hitting $39.98. The company had a trading volume of 2,381,229 shares, compared to its average volume of 2,218,429. The stock has a market cap of $11.79 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.77 and a beta of 0.66. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $44.42. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 6.58. The firm's 50 day simple moving average is $37.70 and its two-hundred day simple moving average is $37.35.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.32. The business had revenue of $235.60 million for the quarter, compared to the consensus estimate of $248.49 million. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%. The business's revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. As a group, equities research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Monday, August 4th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.7%. The ex-dividend date is Monday, August 4th. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 165.43%.

Analysts Set New Price Targets

A number of research analysts recently commented on OHI shares. Wells Fargo & Company raised Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $41.00 in a report on Monday, July 14th. Royal Bank Of Canada increased their price target on Omega Healthcare Investors from $39.00 to $41.00 and gave the company a "sector perform" rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $42.00.

Omega Healthcare Investors Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.