Versant Capital Management Inc Purchases New Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Versant Capital Management Inc acquired a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the 2nd quarter, HoldingsChannel reports. The firm acquired 758 shares of the real estate investment trust’s stock, valued at approximately $26,000.

Several other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter worth approximately $61,698,000. Centersquare Investment Management LLC raised its stake in Omega Healthcare Investors by 36.6% in the 4th 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 during the last quarter. California Public Employees Retirement System lifted its holdings in Omega Healthcare Investors by 72.2% in the 4th quarter. California Public Employees Retirement System now owns 1,276,276 shares of the real estate investment trust’s stock valued at $39,131,000 after purchasing an additional 535,093 shares in the last quarter. BROOKFIELD Corp ON purchased a new position in Omega Healthcare Investors in the 1st quarter valued at $16,446,000. Finally, Verition Fund Management LLC boosted its stake in Omega Healthcare Investors by 5,224.5% during the 4th quarter. Verition Fund Management LLC now owns 524,201 shares of the real estate investment trust’s stock worth $16,072,000 after purchasing an additional 514,356 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Trading Up 0.2 %

OHI traded up $0.06 during trading hours on Tuesday, reaching $37.06. The company’s stock had a trading volume of 1,994,247 shares, compared to its average volume of 1,703,326. The business’s 50-day moving average is $34.02 and its 200-day moving average is $31.85. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68. The stock has a market cap of $9.16 billion, a PE ratio of 33.42, a P/E/G ratio of 1.43 and a beta of 0.97. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $38.85.

Omega Healthcare Investors (NYSE:OHI) last announced 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 business had revenue of $252.70 million during the quarter, compared to analyst estimates of $205.92 million. Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.68%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. As a group, equities research analysts predict that Omega Healthcare Investors, Inc. will post 2.64 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend is Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Scotiabank increased their target price on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 9th. Truist Financial increased their price objective on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Mizuho lowered Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and upped their price target for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.67.

About Omega Healthcare Investors

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.