MADDEN SECURITIES Corp Buys 3,575 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

MADDEN SECURITIES Corp raised its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,645 shares of the real estate investment trust’s stock after purchasing an additional 3,575 shares during the quarter. Omega Healthcare Investors accounts for about 1.2% of MADDEN SECURITIES Corp’s holdings, making the stock its 25th biggest holding. MADDEN SECURITIES Corp’s holdings in Omega Healthcare Investors were worth $2,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc bought a new stake in Omega Healthcare Investors during the second quarter valued at approximately $26,000. MeadowBrook Investment Advisors LLC bought a new stake in Omega Healthcare Investors during the fourth quarter valued at approximately $31,000. GAMMA Investing LLC bought a new stake in Omega Healthcare Investors during the fourth quarter valued at approximately $35,000. WFA Asset Management Corp bought a new stake in Omega Healthcare Investors during the first quarter valued at approximately $39,000. Finally, Covestor Ltd lifted its holdings in shares of Omega Healthcare Investors by 47.6% in the 1st quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 431 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OHI. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Scotiabank boosted their price objective on shares of 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 lowered shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $34.00 to $35.00 in a report on Thursday, July 25th. Finally, Truist Financial boosted their price objective on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.67.

Omega Healthcare Investors Trading Down 0.2 %

Omega Healthcare Investors stock traded down $0.06 during mid-day trading on Thursday, reaching $37.23. 1,466,526 shares of the company traded hands, compared to its average volume of 1,702,263. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68. The firm’s 50 day moving average price is $34.27 and its 200 day moving average price is $31.94. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 33.54, a P/E/G ratio of 1.43 and a beta of 0.97. Omega Healthcare Investors, Inc. has a 52-week low of $27.53 and a 52-week high of $38.85.

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

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 7.20%. 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.