ICA Group Wealth Management LLC Sells 1,000 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

ICA Group Wealth Management LLC lowered its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 33.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,000 shares of the real estate investment trust’s stock after selling 1,000 shares during the quarter. ICA Group Wealth Management LLC’s holdings in Omega Healthcare Investors were worth $68,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. raised its stake in Omega Healthcare Investors by 96.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 21,799 shares of the real estate investment trust’s stock worth $690,000 after acquiring an additional 10,714 shares during the period. Slagle Financial LLC increased its stake in Omega Healthcare Investors by 102.1% in the 4th quarter. Slagle Financial LLC now owns 94,586 shares of the real estate investment trust’s stock worth $2,900,000 after buying an additional 47,785 shares in the last quarter. Private Advisor Group LLC raised its holdings in Omega Healthcare Investors by 6.6% during the first quarter. Private Advisor Group LLC now owns 28,772 shares of the real estate investment trust’s stock valued at $911,000 after acquiring an additional 1,783 shares during the period. Park Avenue Securities LLC lifted its position in shares of Omega Healthcare Investors by 5.7% in the first quarter. Park Avenue Securities LLC now owns 10,066 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 544 shares in the last quarter. Finally, HighPoint Advisor Group LLC bought a new position in shares of Omega Healthcare Investors during the fourth quarter worth $758,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OHI has been the topic of a number of research analyst reports. Scotiabank boosted their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Mizuho cut Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $34.00 to $35.00 in a report on Thursday, July 25th. Truist Financial raised their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. Finally, Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.82.

Omega Healthcare Investors Trading Up 0.1 %

Shares of OHI opened at $40.62 on Monday. The company’s fifty day simple moving average is $37.55 and its 200-day simple moving average is $33.65. The company has a market cap of $10.04 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.48 and a beta of 1.00. The company has a current ratio of 5.79, a quick ratio of 5.79 and a debt-to-equity ratio of 1.19. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $40.99.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share 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 firm had revenue of $252.70 million during the quarter, compared to analysts’ expectations of $205.92 million. During the same period last year, the company earned $0.74 earnings per share. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, analysts expect that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date was Monday, August 5th. Omega Healthcare Investors’s payout ratio is 241.44%.

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.