B&I Capital AG Reduces Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

B&I Capital AG lowered its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 209,390 shares of the real estate investment trust’s stock after selling 4,600 shares during the quarter. Omega Healthcare Investors makes up approximately 2.3% of B&I Capital AG’s portfolio, making the stock its 19th biggest position. B&I Capital AG owned approximately 0.08% of Omega Healthcare Investors worth $7,172,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Omega Healthcare Investors in the 4th quarter valued at $61,698,000. Centersquare Investment Management LLC increased its stake in Omega Healthcare Investors by 36.6% in the fourth 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 period. BROOKFIELD Corp ON purchased a new stake in shares of Omega Healthcare Investors in the first quarter valued at about $16,446,000. Verition Fund Management LLC boosted its stake in shares of Omega Healthcare Investors by 5,224.5% during the fourth quarter. Verition Fund Management LLC now owns 524,201 shares of the real estate investment trust’s stock worth $16,072,000 after buying an additional 514,356 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Omega Healthcare Investors by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 35,214,682 shares of the real estate investment trust’s stock worth $1,079,682,000 after buying an additional 346,811 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Wall Street Analyst Weigh In

OHI has been the subject of several analyst reports. Wells Fargo & Company raised Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Truist Financial upped their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th. Scotiabank increased their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Finally, Mizuho cut shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $35.00 in a research note on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Omega Healthcare Investors has an average rating of “Hold” and a consensus target price of $34.67.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $39.94 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 5.79 and a current ratio of 5.79. Omega Healthcare Investors, Inc. has a one year low of $27.53 and a one year high of $40.45. The firm has a market capitalization of $10.30 billion, a P/E ratio of 35.98, a PEG ratio of 1.46 and a beta of 1.00. The company’s fifty day moving average is $37.02 and its two-hundred day moving average is $33.39.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data 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 return on equity of 8.61% and a net margin of 33.52%. The company had revenue of $252.70 million for the quarter, compared to analysts’ expectations of $205.92 million. During the same period in the prior year, the firm posted $0.74 EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. Analysts forecast that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.71%. The ex-dividend date was Monday, August 5th. Omega Healthcare Investors’s payout ratio is currently 241.44%.

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.