Employees Retirement System of Texas acquired a new stake in shares of Omega Healthcare Investors Inc (NYSE:OHI) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 37,000 shares of the real estate investment trust’s stock, valued at approximately $1,147,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in Omega Healthcare Investors by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,104,095 shares of the real estate investment trust’s stock valued at $96,229,000 after purchasing an additional 69,623 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Omega Healthcare Investors by 128.1% during the second quarter. Oppenheimer & Co. Inc. now owns 17,401 shares of the real estate investment trust’s stock valued at $539,000 after purchasing an additional 9,772 shares during the last quarter. BlackRock Inc. lifted its position in Omega Healthcare Investors by 1.5% during the second quarter. BlackRock Inc. now owns 21,871,159 shares of the real estate investment trust’s stock valued at $678,005,000 after purchasing an additional 328,169 shares during the last quarter. CIBC Asset Management Inc bought a new position in Omega Healthcare Investors during the second quarter valued at $239,000. Finally, Standard Life Aberdeen plc bought a new position in Omega Healthcare Investors during the second quarter valued at $1,140,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

OHI has been the subject of several research reports. Zacks Investment Research upgraded shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Jefferies Financial Group upgraded shares of Omega Healthcare Investors from an “underperform” rating to a “hold” rating and set a $27.00 price objective for the company in a research report on Wednesday, May 16th. ValuEngine upgraded shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Saturday, May 26th. Wells Fargo & Co lowered shares of Omega Healthcare Investors from an “outperform” rating to a “market perform” rating in a research report on Monday, June 25th. They noted that the move was a valuation call. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $34.00 price objective on shares of Omega Healthcare Investors in a research report on Monday, August 6th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $31.37.

Shares of OHI opened at $32.69 on Friday. Omega Healthcare Investors Inc has a twelve month low of $24.90 and a twelve month high of $33.29. The firm has a market capitalization of $6.63 billion, a PE ratio of 10.25, a PEG ratio of 5.57 and a beta of 0.30. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 1.15.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Friday, August 3rd. The real estate investment trust reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.02. Omega Healthcare Investors had a net margin of 10.61% and a return on equity of 2.49%. The business had revenue of $192.85 million for the quarter, compared to the consensus estimate of $200.30 million. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. equities research analysts predict that Omega Healthcare Investors Inc will post 2.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Tuesday, July 31st were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 8.08%. The ex-dividend date was Monday, July 30th. Omega Healthcare Investors’s dividend payout ratio is currently 80.00%.

Omega Healthcare Investors Company Profile

Omega is a real estate investment trust 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 US, as well as in the UK.

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

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