MADDEN SECURITIES Corp Boosts Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

MADDEN SECURITIES Corp grew its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 4.9% in the second quarter, Holdings Channel reports. The firm owned 76,645 shares of the real estate investment trust’s stock after acquiring an additional 3,575 shares during the period. Omega Healthcare Investors accounts for approximately 1.2% of MADDEN SECURITIES Corp’s holdings, making the stock its 25th largest position. MADDEN SECURITIES Corp’s holdings in Omega Healthcare Investors were worth $2,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Versant Capital Management Inc bought a new position in Omega Healthcare Investors in the second quarter worth approximately $26,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Omega Healthcare Investors during the 4th quarter worth $31,000. GAMMA Investing LLC purchased a new position in shares of Omega Healthcare Investors during the fourth quarter valued at $35,000. WFA Asset Management Corp bought a new stake in shares of Omega Healthcare Investors in the first quarter valued at about $39,000. Finally, Covestor Ltd raised its holdings in shares of Omega Healthcare Investors by 47.6% in the first quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 431 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Down 0.2 %

Omega Healthcare Investors stock traded down $0.06 during midday trading on Thursday, reaching $37.23. The company’s stock had a trading volume of 1,466,526 shares, compared to its average volume of 1,702,263. The stock’s 50-day simple moving average is $34.27 and its 200-day simple moving average is $31.94. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68. Omega Healthcare Investors, Inc. has a 52-week low of $27.53 and a 52-week high of $38.85. The stock has a market capitalization of $9.20 billion, a P/E ratio of 33.54, a PEG ratio of 1.43 and a beta of 0.97.

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 analysts’ consensus estimates of $0.65 by ($0.20). Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.68%. The business had revenue of $252.70 million during the quarter, compared to analysts’ expectations of $205.92 million. During the same quarter last year, the business posted $0.74 earnings per share. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, sell-side analysts expect that Omega Healthcare Investors, Inc. will post 2.64 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date is Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Analyst Upgrades and Downgrades

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