Eversept Partners LP Buys New Shares in Omega Healthcare Investors, Inc. $OHI

Eversept Partners LP bought a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the 1st quarter, Holdings Channel.com reports. The fund bought 585,680 shares of the real estate investment trust’s stock, valued at approximately $25,664,000. Omega Healthcare Investors accounts for approximately 1.4% of Eversept Partners LP’s investment portfolio, making the stock its 19th largest position.

Several other large investors also recently bought and sold shares of the stock. State Street Corp raised its position in Omega Healthcare Investors by 4.8% in the 2nd quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust’s stock valued at $534,792,000 after purchasing an additional 671,473 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Omega Healthcare Investors by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 8,515,924 shares of the real estate investment trust’s stock worth $377,648,000 after buying an additional 734,774 shares in the last quarter. Invesco Ltd. grew its position in shares of Omega Healthcare Investors by 8.6% during the fourth quarter. Invesco Ltd. now owns 5,368,945 shares of the real estate investment trust’s stock worth $238,059,000 after buying an additional 424,024 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Omega Healthcare Investors by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,463,838 shares of the real estate investment trust’s stock worth $197,927,000 after buying an additional 174,062 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Omega Healthcare Investors by 18.5% during the fourth quarter. Bank of New York Mellon Corp now owns 4,457,975 shares of the real estate investment trust’s stock worth $197,667,000 after buying an additional 696,759 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Down 0.5%

NYSE:OHI opened at $51.44 on Tuesday. Omega Healthcare Investors, Inc. has a 1 year low of $38.22 and a 1 year high of $51.92. The stock has a market cap of $15.32 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.21 and a beta of 0.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.32 and a current ratio of 5.32. The stock has a 50-day simple moving average of $47.55 and a 200-day simple moving average of $46.50.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.02). The business had revenue of $322.95 million for the quarter, compared to analyst estimates of $264.07 million. Omega Healthcare Investors had a return on equity of 11.86% and a net margin of 51.14%.Omega Healthcare Investors’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. As a group, analysts anticipate that Omega Healthcare Investors, Inc. will post 3.09 earnings per share for the current fiscal year.

Omega Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be paid a $0.68 dividend. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 5.3%. The ex-dividend date is Monday, August 3rd. Omega Healthcare Investors’s payout ratio is currently 129.47%.

Analysts Set New Price Targets

OHI has been the topic of several analyst reports. Citigroup reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, June 15th. BMO Capital Markets reiterated a “market perform” rating and set a $52.00 price target on shares of Omega Healthcare Investors in a report on Monday, May 4th. Raymond James Financial started coverage on shares of Omega Healthcare Investors in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $50.00 price objective on the stock. Scotiabank reduced their price objective on shares of Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Finally, Weiss Ratings raised shares of Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 30th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of “Hold” and a consensus price target of $48.50.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.