Versant Capital Management Inc Makes New Investment in Omega Healthcare Investors, Inc. (NYSE:OHI)

Versant Capital Management Inc bought a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 758 shares of the real estate investment trust’s stock, valued at approximately $26,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in Omega Healthcare Investors during the 4th quarter valued at approximately $61,698,000. Centersquare Investment Management LLC boosted its position in shares of Omega Healthcare Investors by 36.6% during the fourth quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock valued at $109,924,000 after purchasing an additional 960,997 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Omega Healthcare Investors by 72.2% during the fourth quarter. California Public Employees Retirement System now owns 1,276,276 shares of the real estate investment trust’s stock valued at $39,131,000 after purchasing an additional 535,093 shares in the last quarter. BROOKFIELD Corp ON purchased a new stake in Omega Healthcare Investors in the first quarter worth $16,446,000. Finally, Verition Fund Management LLC raised its holdings in Omega Healthcare Investors by 5,224.5% in the fourth quarter. Verition Fund Management LLC now owns 524,201 shares of the real estate investment trust’s stock worth $16,072,000 after purchasing an additional 514,356 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on OHI shares. Truist Financial boosted their price target on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Scotiabank boosted their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 9th. Mizuho cut Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $34.00 to $35.00 in a research note on Thursday, July 25th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Finally, Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.67.

Omega Healthcare Investors Price Performance

Shares of OHI traded up $0.06 during mid-day trading on Tuesday, reaching $37.06. The stock had a trading volume of 1,994,247 shares, compared to its average volume of 1,703,326. The business has a fifty day moving average of $34.02 and a 200 day moving average of $31.85. The company has a debt-to-equity ratio of 1.36, a quick ratio of 6.68 and a current ratio of 6.68. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 33.42, a PEG ratio of 1.43 and a beta of 0.97. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $38.85.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.20). Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.68%. The business had revenue of $252.70 million during the quarter, compared to analysts’ expectations of $205.92 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Omega Healthcare Investors’s revenue was up 17.5% on a year-over-year basis. Equities analysts predict that Omega Healthcare Investors, Inc. will post 2.64 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend is Monday, August 5th. Omega Healthcare Investors’s payout ratio is currently 241.44%.

About Omega Healthcare Investors

Omega is a REIT 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 U.S., as well as in the U.K.