Omega Healthcare Investors, Inc. $OHI Stock Holdings Lifted by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 13.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 176,180 shares of the real estate investment trust’s stock after acquiring an additional 20,275 shares during the quarter. Kestra Advisory Services LLC owned 0.06% of Omega Healthcare Investors worth $8,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of OHI. BlackRock Inc. bought a new position in Omega Healthcare Investors during the 2nd quarter worth approximately $1,838,155,000. Bank of New York Mellon Corp purchased a new position in shares of Omega Healthcare Investors in the second quarter worth $275,230,000. Dimensional Fund Advisors LP boosted its position in Omega Healthcare Investors by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,423,120 shares of the real estate investment trust’s stock valued at $193,824,000 after buying an additional 108,736 shares during the period. Bank of America Corp DE increased its position in shares of Omega Healthcare Investors by 3.6% in the first quarter. Bank of America Corp DE now owns 3,794,730 shares of the real estate investment trust’s stock valued at $166,285,000 after acquiring an additional 131,000 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of Omega Healthcare Investors by 48.5% during the first quarter. Quantinno Capital Management LP now owns 2,125,931 shares of the real estate investment trust’s stock worth $93,158,000 after purchasing an additional 694,426 shares during the period. 65.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OHI has been the topic of several research analyst reports. Weiss Ratings cut Omega Healthcare Investors from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday. UBS Group cut their price objective on Omega Healthcare Investors from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Citizens Jmp upgraded Omega Healthcare Investors from a “market perform” rating to a “market outperform” rating and set a $52.00 target price for the company in a research note on Thursday, October 22nd. Barclays dropped their target price on shares of Omega Healthcare Investors from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Tuesday, October 13th. Finally, Raymond James Financial reissued an “outperform” rating and set a $54.00 price target on shares of Omega Healthcare Investors in a research report on Monday. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $50.00.

Omega Healthcare Investors Trading Down 0.2%

Shares of OHI opened at $48.71 on Wednesday. Omega Healthcare Investors, Inc. has a 12 month low of $42.18 and a 12 month high of $52.39. The business’s fifty day simple moving average is $46.41 and its two-hundred day simple moving average is $46.73. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 1.97 and a beta of 0.56.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). Omega Healthcare Investors had a net margin of 58.11% and a return on equity of 13.66%. The business had revenue of $340.55 million for the quarter, compared to the consensus estimate of $269.16 million. During the same period in the previous year, the company earned $0.79 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, research analysts forecast that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 5th will be given a dividend of $0.68 per share. The ex-dividend date is Thursday, November 5th. This represents a $2.72 dividend on an annualized basis and a yield of 5.6%. Omega Healthcare Investors’s dividend payout ratio is 109.68%.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc. is a real estate investment trust (REIT) focused on healthcare facilities, particularly skilled nursing and assisted living properties. The company invests in these facilities through real estate leases, loans and other financing arrangements. Its portfolio serves healthcare operators in the United States and the United Kingdom. Omega primarily leases properties to third-party operators, which manage the facilities and provide care to residents. Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega is led by President and Chief Executive Officer Taylor Pickett.