IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 29,255 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 180.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,475 shares of the real estate investment trust’s stock after purchasing an additional 29,255 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Omega Healthcare Investors were worth $1,558,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in OHI. Vanguard Group Inc. increased its stake in 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 valued at $1,120,478,000 after acquiring an additional 165,105 shares during the period. Centersquare Investment Management LLC raised its stake in shares of Omega Healthcare Investors by 36.6% in 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. Dimensional Fund Advisors LP lifted its position in Omega Healthcare Investors by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,501,495 shares of the real estate investment trust’s stock worth $107,358,000 after purchasing an additional 40,999 shares during the period. Bank of New York Mellon Corp lifted its position in Omega Healthcare Investors by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 3,240,025 shares of the real estate investment trust’s stock worth $110,971,000 after purchasing an additional 143,521 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Omega Healthcare Investors by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,948,554 shares of the real estate investment trust’s stock valued at $90,403,000 after buying an additional 124,483 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on OHI. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Truist Financial lifted their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Scotiabank increased their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday. Wells Fargo & Company raised Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Finally, Mizuho lowered Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $34.00 to $35.00 in a research note on Thursday, July 25th. Nine 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.17.

Omega Healthcare Investors Price Performance

Shares of OHI stock traded up $0.05 during trading hours on Thursday, reaching $39.41. 1,506,342 shares of the company were exchanged, compared to its average volume of 1,685,351. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $39.68. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.79 and a quick ratio of 5.79. The stock’s fifty day moving average is $36.17 and its two-hundred day moving average is $32.94. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 35.50, a P/E/G ratio of 1.32 and a beta of 0.97.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share (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 analyst estimates of $205.92 million. Omega Healthcare Investors had a return on equity of 8.61% and a net margin of 33.52%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. Sell-side analysts forecast that Omega Healthcare Investors, Inc. will post 2.81 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.80%. The ex-dividend date of this dividend was Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio is 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.