Cornerstone Wealth Management LLC Buys 2,255 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Cornerstone Wealth Management LLC grew its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,527 shares of the real estate investment trust’s stock after purchasing an additional 2,255 shares during the period. Cornerstone Wealth Management LLC’s holdings in Omega Healthcare Investors were worth $1,936,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Omega Healthcare Investors during the 2nd quarter valued at about $26,000. MeadowBrook Investment Advisors LLC purchased a new position in Omega Healthcare Investors during the 4th quarter valued at about $31,000. GAMMA Investing LLC purchased a new position in Omega Healthcare Investors during the 4th quarter valued at about $35,000. WFA Asset Management Corp purchased a new position in Omega Healthcare Investors during the 1st quarter valued at about $39,000. Finally, Covestor Ltd lifted its position in Omega Healthcare Investors by 47.6% during the 1st 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 during the period. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

Shares of OHI traded down $0.46 during mid-day trading on Thursday, hitting $37.44. 1,063,013 shares of the company traded hands, compared to its average volume of 1,693,788. The company has a debt-to-equity ratio of 1.36, a quick ratio of 6.68 and a current ratio of 6.68. The stock has a 50-day moving average price of $34.81 and a two-hundred day moving average price of $32.24. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $38.85. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 1.43 and a beta of 0.97.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.20). The company had revenue of $252.70 million for the quarter, compared to analysts’ expectations of $205.92 million. Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.68%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share. Equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.64 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, August 5th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $2.68 annualized dividend and a yield of 7.16%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 241.44%.

Analyst Ratings Changes

OHI has been the subject of a number of recent research reports. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Mizuho cut shares of 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 research report on Thursday, July 25th. Scotiabank lifted their target price on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 9th. Truist Financial lifted their target price on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. Finally, Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Omega Healthcare Investors has a consensus rating of “Hold” and a consensus price target of $33.67.

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.