Cutter & CO Brokerage Inc. Purchases 290 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Cutter & CO Brokerage Inc. grew its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,206 shares of the real estate investment trust’s stock after buying an additional 290 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Omega Healthcare Investors were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of OHI. International Assets Investment Management LLC raised its holdings in Omega Healthcare Investors by 2,977.2% in the 4th quarter. International Assets Investment Management LLC now owns 129,089 shares of the real estate investment trust’s stock worth $4,210,000 after purchasing an additional 124,894 shares during the period. GAMMA Investing LLC bought a new position in Omega Healthcare Investors in the 4th quarter worth $35,000. Retirement Systems of Alabama raised its holdings in Omega Healthcare Investors by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 306,842 shares of the real estate investment trust’s stock worth $9,408,000 after purchasing an additional 1,093 shares during the period. Choreo LLC raised its holdings in Omega Healthcare Investors by 77.6% in the 4th quarter. Choreo LLC now owns 20,195 shares of the real estate investment trust’s stock worth $619,000 after purchasing an additional 8,827 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Omega Healthcare Investors by 16.6% in the 4th quarter. Van ECK Associates Corp now owns 85,918 shares of the real estate investment trust’s stock worth $2,634,000 after purchasing an additional 12,228 shares during the period. 65.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OHI shares. Mizuho cut Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $34.00 to $35.00 in a report on Thursday, July 25th. Scotiabank increased their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Truist Financial increased their price target on 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, JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Monday, May 6th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.17.

Omega Healthcare Investors Trading Up 0.3 %

OHI traded up $0.13 on Friday, hitting $39.54. The company had a trading volume of 2,379,345 shares, compared to its average volume of 1,707,118. The company has a market cap of $10.19 billion, a PE ratio of 35.62, a PEG ratio of 1.39 and a beta of 0.97. Omega Healthcare Investors, Inc. has a 12-month low of $27.53 and a 12-month high of $39.69. The company has a quick ratio of 5.79, a current ratio of 5.79 and a debt-to-equity ratio of 1.19. The business’s fifty day simple moving average is $36.30 and its 200 day simple moving average is $33.01.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results 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 company had revenue of $252.70 million during the quarter, compared to analysts’ expectations of $205.92 million. Omega Healthcare Investors had a return on equity of 8.61% and a net margin of 33.52%. The company’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 EPS. Equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.81 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were given a $0.67 dividend. The ex-dividend date was Monday, August 5th. This represents a $2.68 annualized dividend and a yield of 6.78%. Omega Healthcare Investors’s dividend payout ratio is currently 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.