Cornerstone Wealth Management LLC Has $1.94 Million Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Cornerstone Wealth Management LLC grew its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,527 shares of the real estate investment trust’s stock after purchasing an additional 2,255 shares during the period. Cornerstone Wealth Management LLC’s holdings in Omega Healthcare Investors were worth $1,936,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Omega Healthcare Investors by 0.5% during the first quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock worth $1,120,478,000 after acquiring an additional 165,105 shares during the period. Centersquare Investment Management LLC lifted its position in Omega Healthcare Investors by 36.6% during the 4th quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock worth $109,924,000 after buying an additional 960,997 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Omega Healthcare Investors by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,501,495 shares of the real estate investment trust’s stock worth $107,358,000 after buying an additional 40,999 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Omega Healthcare Investors by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,948,554 shares of the real estate investment trust’s stock worth $90,403,000 after buying an additional 124,483 shares in the last quarter. Finally, Norges Bank bought a new stake in Omega Healthcare Investors during the 4th quarter worth about $61,698,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Monday, May 6th. 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 research note on Tuesday, July 9th. 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 research note on Wednesday, June 26th. Finally, 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 research note on Thursday, July 25th. Nine equities research 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 company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.67.

Omega Healthcare Investors Price Performance

NYSE:OHI traded down $0.46 during mid-day trading on Thursday, hitting $37.44. 1,063,013 shares of the stock traded hands, compared to its average volume of 1,693,788. The business’s 50-day moving average price is $34.81 and its 200 day moving average price is $32.24. The company has a market cap of $9.25 billion, a PE ratio of 34.15, a price-to-earnings-growth 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. The company has a quick ratio of 6.68, a current ratio of 6.68 and a debt-to-equity ratio of 1.36.

Omega Healthcare Investors (NYSE:OHI) last issued 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). The firm 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%. Omega Healthcare Investors’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. On average, analysts expect that Omega Healthcare Investors, Inc. will post 2.64 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date is Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio is presently 241.44%.

Omega Healthcare Investors Profile

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.