Merit Financial Group LLC Has $1.10 Million Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Merit Financial Group LLC increased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHIGet Rating) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,351 shares of the real estate investment trust’s stock after purchasing an additional 750 shares during the quarter. Merit Financial Group LLC’s holdings in Omega Healthcare Investors were worth $1,102,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Arrow Investment Advisors LLC raised its holdings in shares of Omega Healthcare Investors by 4.4% in the 4th quarter. Arrow Investment Advisors LLC now owns 8,640 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 365 shares during the last quarter. First National Bank of South Miami increased its stake in Omega Healthcare Investors by 27.2% in the 1st quarter. First National Bank of South Miami now owns 2,262 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 484 shares during the last quarter. TownSquare Capital LLC increased its stake in Omega Healthcare Investors by 4.3% in the 1st quarter. TownSquare Capital LLC now owns 11,965 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 488 shares during the last quarter. WealthTrust Axiom LLC grew its position in shares of Omega Healthcare Investors by 4.5% during the 1st quarter. WealthTrust Axiom LLC now owns 11,500 shares of the real estate investment trust’s stock valued at $358,000 after acquiring an additional 500 shares during the period. Finally, Mckinley Capital Management LLC Delaware grew its position in shares of Omega Healthcare Investors by 1.4% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 39,092 shares of the real estate investment trust’s stock valued at $1,218,000 after acquiring an additional 545 shares during the period. Institutional investors own 64.10% of the company’s stock.

Analysts Set New Price Targets

OHI has been the subject of a number of research reports. Bank of America raised shares of Omega Healthcare Investors from an “underperform” rating to a “buy” rating and increased their target price for the company from $27.00 to $35.00 in a research report on Friday, August 5th. Truist Financial cut their price objective on shares of Omega Healthcare Investors from $33.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, June 14th. Capital One Financial assumed coverage on shares of Omega Healthcare Investors in a report on Friday, June 3rd. They issued an “equal weight” rating and a $33.00 price objective for the company. Raymond James raised their price objective on shares of Omega Healthcare Investors from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Finally, Jefferies Financial Group downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and cut their price objective for the stock from $32.00 to $28.00 in a report on Thursday, June 30th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $32.00.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI opened at $32.35 on Friday. The stock has a market cap of $7.57 billion, a PE ratio of 17.12 and a beta of 0.97. The company’s fifty day moving average is $31.53 and its 200 day moving average is $29.63. Omega Healthcare Investors, Inc. has a 52 week low of $24.81 and a 52 week high of $33.99. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 1.35.

Omega Healthcare Investors (NYSE:OHIGet Rating) last issued its earnings results on Monday, August 1st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.35). The business had revenue of $207.54 million during the quarter, compared to analysts’ expectations of $220.06 million. Omega Healthcare Investors had a return on equity of 11.00% and a net margin of 44.01%. Omega Healthcare Investors’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. Research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.92 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend was Friday, July 29th. Omega Healthcare Investors’s payout ratio is presently 141.80%.

Omega Healthcare Investors Company Profile

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Omega is a real estate investment trust 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 US, as well as in the UK.

See Also

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Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

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