Lake Street Financial LLC Purchases 7,370 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Lake Street Financial LLC lifted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHIGet Rating) by 74.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 17,235 shares of the real estate investment trust’s stock after acquiring an additional 7,370 shares during the quarter. Lake Street Financial LLC’s holdings in Omega Healthcare Investors were worth $537,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in OHI. Freedman Financial Associates Inc. purchased a new stake in Omega Healthcare Investors during the 1st quarter worth about $26,000. Curi Wealth Management LLC purchased a new stake in Omega Healthcare Investors during the 4th quarter worth about $29,000. Cerity Partners LLC purchased a new stake in shares of Omega Healthcare Investors in the 1st quarter valued at about $32,000. Covestor Ltd purchased a new stake in shares of Omega Healthcare Investors in the 4th quarter valued at about $39,000. Finally, MCF Advisors LLC purchased a new stake in shares of Omega Healthcare Investors in the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of OHI stock opened at $31.99 on Friday. The firm has a market cap of $7.49 billion, a P/E ratio of 16.93, a P/E/G ratio of 6.62 and a beta of 1.00. Omega Healthcare Investors, Inc. has a fifty-two week low of $24.81 and a fifty-two week high of $35.64. The business’s 50 day moving average price is $29.59 and its 200-day moving average price is $29.05. The company has a debt-to-equity ratio of 1.35, a quick ratio of 5.18 and a current ratio of 3.32.

Omega Healthcare Investors (NYSE:OHIGet Rating) last issued its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.35). The business had revenue of $207.54 million during the quarter, compared to the consensus estimate of $220.06 million. Omega Healthcare Investors had a return on equity of 11.00% and a net margin of 44.01%. Omega Healthcare Investors’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. On average, equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.93 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be given a dividend of $0.67 per share. The ex-dividend date is Friday, July 29th. This represents a $2.68 annualized dividend and a dividend yield of 8.38%. Omega Healthcare Investors’s dividend payout ratio is presently 141.80%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Jefferies Financial Group cut Omega Healthcare Investors from a “buy” rating to a “hold” rating and lowered their price target for the company from $32.00 to $28.00 in a report on Thursday, June 30th. Capital One Financial started coverage on Omega Healthcare Investors in a report on Friday, June 3rd. They set an “equal weight” rating and a $33.00 price objective on the stock. Truist Financial decreased their price objective on Omega Healthcare Investors from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, June 14th. Raymond James raised their price objective on Omega Healthcare Investors from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Bank of America raised Omega Healthcare Investors from an “underperform” rating to a “buy” rating and raised their price objective for the company from $27.00 to $35.00 in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Omega Healthcare Investors has a consensus rating of “Hold” and a consensus target price of $32.00.

About Omega Healthcare Investors

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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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Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

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