The Bank of Nova Scotia invests $765,000 in Omega Healthcare Investors, Inc. (NYSE: OHI)


The Bank of Nova Scotia has purchased a new stake in the shares of Omega Healthcare Investors, Inc. (NYSE: IHOGet a rating) during the 1st quarter, according to its last Form 13F filed with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,557 shares of the real estate investment trust, valued at approximately $765,000.

Several other hedge funds also changed their stock holdings. Oxbow Advisors LLC increased its stake in Omega Healthcare Investors shares by 2.8% during the first quarter. Oxbow Advisors LLC now owns 334,383 shares of the real estate investment trust worth $10,419,000 after purchasing an additional 9,241 shares in the last quarter. The Swiss National Bank increased its stake in the shares of Omega Healthcare Investors by 7.5% during the first quarter. The Swiss National Bank now owns 565,100 shares of the real estate investment trust worth $17,609,000 after buying an additional 39,600 shares in the last quarter. Mutual Advisors LLC increased its stake in Omega Healthcare Investors shares by 49.0% during the first quarter. Mutual Advisors LLC now owns 174,393 shares of the real estate investment trust worth $5,434,000 after purchasing an additional 57,347 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Omega Healthcare Investors shares by 5.8% during the first quarter. Teacher Retirement System of Texas now owns 49,188 shares of the real estate investment trust worth $1,533,000 after buying 2,682 additional shares in the last quarter. Finally, Lake Street Financial LLC increased its stake in Omega Healthcare Investors shares by 74.7% during the first quarter. Lake Street Financial LLC now owns 17,235 shares of the real estate investment trust worth $537,000 after purchasing an additional 7,370 shares in the last quarter. 65.91% of the shares are held by institutional investors.

Investors in Omega Healthcare gain 0.2%

Shares of NYSE: IHO opened at $33.34 on Friday. Omega Healthcare Investors, Inc. has a 12-month low of $24.81 and a 12-month high of $34.15. The company has a quick ratio of 3.32, a current ratio of 3.32 and a leverage ratio of 1.35. The company’s fifty-day simple moving average is $30.34 and its 200-day simple moving average is $29.23. The company has a market capitalization of $7.81 billion, a price/earnings ratio of 17.64 and a beta of 1.00.

Omega Health Investors (NYSE: IHOGet a rating) last released its quarterly earnings data 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 for the quarter, versus analyst estimates of $220.06 million. In the same quarter of the previous year, the company had earned earnings per share of $0.85. The company’s revenue was down 4.8% year-over-year. As a group, research analysts expect Omega Healthcare Investors, Inc. to post EPS of 2.94 for the current fiscal year.

Omega Healthcare Investors announces a dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15. Investors of record on Monday August 1 received a dividend of $0.67 per share. The ex-dividend date was Friday, July 29. This represents a dividend of $2.68 on an annualized basis and a dividend yield of 8.04%. Omega Healthcare Investors payout ratio is 141.80%.

Changes to analyst ratings

A number of stock analysts have published reports on OHI stocks. Barclays began covering Omega Healthcare Investors shares in a research note on Tuesday April 26. They issued an “equal weight” rating and a price target of $29.00 on the stock. Jefferies Financial Group cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and lowered its price target for the company from $32.00 to $28.00 in a research note Thursday, June 30. Capital One Financial began covering Omega Healthcare Investors shares in a research note on Friday, June 3. They issued an “equal weight” rating and a price target of $33.00 on the stock. Truist Financial cut its price target on Omega Healthcare Investors shares from $33.00 to $30.00 and placed a “hold” rating on the stock in a Tuesday, June 14 research note. Finally, 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. Eight analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.00.

Omega Healthcare Investor Profile

(Get a rating)

Omega is a real estate investment firm that invests in the long-term healthcare sector, primarily in skilled nursing and assisted living facilities. Its asset portfolio 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