Ameritas Advisory Services LLC Decreases Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Ameritas Advisory Services LLC lowered its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 12.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,686 shares of the real estate investment trust’s stock after selling 3,233 shares during the period. Ameritas Advisory Services LLC’s holdings in Omega Healthcare Investors were worth $864,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of OHI. Teacher Retirement System of Texas increased its stake in Omega Healthcare Investors by 69.8% during the 4th quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust’s stock worth $5,385,000 after buying an additional 58,482 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Omega Healthcare Investors by 2.9% in the fourth quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust’s stock worth $46,401,000 after acquiring an additional 34,463 shares during the last quarter. PFG Investments LLC increased its position in shares of Omega Healthcare Investors by 20.4% during the first quarter. PFG Investments LLC now owns 70,762 shares of the real estate investment trust’s stock worth $2,695,000 after purchasing an additional 11,970 shares in the last quarter. Advisors Capital Management LLC raised its stake in Omega Healthcare Investors by 4.3% in the 4th quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust’s stock valued at $28,836,000 after purchasing an additional 31,072 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. lifted its holdings in Omega Healthcare Investors by 4.2% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 368,127 shares of the real estate investment trust’s stock valued at $13,934,000 after purchasing an additional 14,883 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Down 0.5%

OHI opened at $36.50 on Thursday. The stock has a market capitalization of $10.56 billion, a PE ratio of 22.67, a P/E/G ratio of 2.16 and a beta of 0.68. Omega Healthcare Investors, Inc. has a one year low of $33.43 and a one year high of $44.42. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58. The business’s 50 day moving average price is $36.87 and its 200 day moving average price is $37.24.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. The company had revenue of $228.38 million for the quarter, compared to the consensus estimate of $236.61 million. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. As a group, equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.34%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors’s dividend payout ratio is presently 166.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on OHI shares. Truist Financial increased their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. Wells Fargo & Company cut their price objective on shares of Omega Healthcare Investors from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, June 2nd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $41.88.

Omega Healthcare Investors Company 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.