Mirae Asset Global Investments Co. Ltd. grew its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating) by 27.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 372,098 shares of the real estate investment trust’s stock after acquiring an additional 79,123 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.16% of Omega Healthcare Investors worth $11,594,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Level Four Advisory Services LLC bought a new stake in Omega Healthcare Investors in the fourth quarter worth approximately $207,000. Crossmark Global Holdings Inc. grew its position in Omega Healthcare Investors by 2.6% in the first quarter. Crossmark Global Holdings Inc. now owns 21,891 shares of the real estate investment trust’s stock worth $682,000 after acquiring an additional 550 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Omega Healthcare Investors by 92.6% in the first quarter. CIBC Asset Management Inc now owns 18,768 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 9,025 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Omega Healthcare Investors by 18.0% in the first quarter. Janney Montgomery Scott LLC now owns 67,065 shares of the real estate investment trust’s stock worth $2,090,000 after buying an additional 10,247 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter worth $9,871,000. 64.10% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Truist Financial upped their target price on shares of Omega Healthcare Investors from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, September 13th. Raymond James boosted their price target on shares of Omega Healthcare Investors from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Bank of America raised shares of Omega Healthcare Investors from an “underperform” rating to a “buy” rating and boosted their price target for the company from $27.00 to $35.00 in a report on Friday, August 5th. Jefferies Financial Group lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and lowered their price target for the company from $32.00 to $28.00 in a report on Thursday, June 30th. Finally, Capital One Financial started 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 target on the stock. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Hold” and a consensus target price of $32.40.
Omega Healthcare Investors Stock Performance
Omega Healthcare Investors (NYSE:OHI – Get Rating) last issued its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.35). Omega Healthcare Investors had a return on equity of 11.00% and a net margin of 44.01%. The business had revenue of $207.54 million for the quarter, compared to the consensus estimate of $220.06 million. During the same period in the prior year, the business earned $0.85 earnings per share. Omega Healthcare Investors’s revenue was down 4.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Omega Healthcare Investors, Inc. will post 2.93 earnings per share for the current year.
Omega Healthcare Investors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date of this dividend was Friday, July 29th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 141.80%.
Omega Healthcare Investors Company Profile
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.
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