ICA Group Wealth Management LLC Sells 1,000 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

ICA Group Wealth Management LLC decreased its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 33.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,000 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. ICA Group Wealth Management LLC’s holdings in Omega Healthcare Investors were worth $68,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OHI. Versant Capital Management Inc purchased a new stake in Omega Healthcare Investors in the second quarter worth $26,000. WFA Asset Management Corp purchased a new stake in shares of Omega Healthcare Investors in the 1st quarter worth about $39,000. Covestor Ltd increased its stake 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 in the last quarter. Highlander Capital Management LLC increased its stake in shares of Omega Healthcare Investors by 52.0% in the 1st quarter. Highlander Capital Management LLC now owns 1,900 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 650 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Omega Healthcare Investors by 93.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,446 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 1,181 shares during the period. Institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OHI. Scotiabank upped their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Truist Financial upped their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th. Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Finally, Mizuho downgraded Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $34.00 to $35.00 in a report on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $34.82.

Omega Healthcare Investors Stock Up 0.1 %

Shares of Omega Healthcare Investors stock opened at $40.62 on Monday. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $40.99. 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 company’s 50 day moving average is $37.55 and its 200 day moving average is $33.65. The company has a market cap of $10.04 billion, a price-to-earnings ratio of 36.59, a price-to-earnings-growth ratio of 1.48 and a beta of 1.00.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results 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 firm 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 business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the business earned $0.74 earnings per share. Research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

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 6.60%. The ex-dividend date of this dividend was Monday, August 5th. Omega Healthcare Investors’s 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.