Los Angeles Capital Management LLC Adds Equity Position to Omega Healthcare Investors, Inc. (NYSE: OHI)


Los Angeles Capital Management LLC raised its position in shares of Omega Healthcare Investors, Inc. (NYSE: IHOGet a rating) by 11.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The company held 19,514 shares of the real estate investment trust after purchasing an additional 2,002 shares during the period. Los Angeles Capital Management LLC’s holdings in Omega Healthcare Investors were worth $608,000 when it last filed with the SEC.

Several other institutional investors and hedge funds also bought and sold shares of OHI. Freedman Financial Associates Inc. acquired a new stake in Omega Healthcare Investors in the first quarter worth approximately $26,000. Curi Wealth Management LLC acquired a new stake in Omega Healthcare Investors in the fourth quarter worth approximately $29,000. MCF Advisors LLC acquired a new stake in Omega Healthcare Investors in the first quarter worth approximately $41,000. Covestor Ltd acquired a new stake in Omega Healthcare Investors in the fourth quarter worth approximately $39,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Omega Healthcare Investors in the first quarter worth approximately $44,000. 65.91% of the shares are currently held by hedge funds and other institutional investors.

Changes to analyst ratings

OHI has been the subject of a number of analyst reports. Jefferies Financial Group downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and lowered its target price for the company from $32.00 to $28.00 in a research note from the Thursday, June 30. Raymond James raised his price target on Omega Healthcare Investors shares from $33.00 to $34.00 and gave the company an “outperform” rating in a Wednesday, Aug. 3 research note. Capital One Financial launched a hedge on the shares of Omega Healthcare Investors in a Friday, June 3 research note. They set an “equal weight” rating and a target price of $33.00 for the company. Bank of America downgraded shares of Omega Healthcare Investors from an “underperform” rating to a “buy” rating and raised its target price for the company from $27.00 to $35.00 in a Friday August 5 research note. Finally, Truist Financial cut its price target on Omega Healthcare Investors stock from $33.00 to $30.00 and set a “hold” rating for the company in a Tuesday, June 14 research note. Eight investment analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.00.

Investors in Omega Healthcare gain 1.4%

NYSE: IHO opened at $33.56 on Friday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt ratio of 1.35. Omega Healthcare Investors, Inc. has a 12-month low of $24.81 and a 12-month high of $35.09. The company has a market capitalization of $7.86 billion, a PE ratio of 17.76, a growth price-earnings ratio of 6.98 and a beta of 1.00. The company has a 50-day simple moving average of $29.97 and a two-hundred-day simple moving average of $29.14.

Omega Health Investors (NYSE: IHOGet a rating) last released its results on Monday, August 1. The real estate investment trust reported EPS of $0.38 for the quarter, missing analyst consensus estimates of $0.73 per ($0.35). Omega Healthcare Investors achieved a return on equity of 11.00% and a net margin of 44.01%. The company posted revenue of $207.54 million in the quarter, versus a consensus estimate of $220.06 million. During the same period last year, the company posted EPS of $0.85. The company’s revenue for the quarter was down 4.8% year over year. Research analysts expect Omega Healthcare Investors, Inc. to post earnings per share of 2.93 for the current year.

Dividend announcement to Omega Healthcare investors

The company also recently announced a quarterly dividend, which will be paid on Monday, August 15. Shareholders of record on Monday August 1 will receive a dividend of $0.67. This represents a dividend of $2.68 on an annualized basis and a yield of 7.99%. The ex-dividend date is Friday, July 29. Omega Healthcare Investors’ dividend payout ratio (DPR) is currently 141.80%.

About Omega Healthcare Investors

(Get a rating)

Omega is a real estate investment trust that invests in the long-term healthcare sector, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare businesses, primarily in a triple net lease structure. Assets cover all regions of the United States, as well as the United Kingdom.

See also

Institutional Ownership by Quarter for Investors Omega Healthcare (NYSE: OHI)



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Robert D. Coleman