Meridian Investment Counsel Inc. Sells 12,250 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Meridian Investment Counsel Inc. decreased its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 52.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,286 shares of the real estate investment trust’s stock after selling 12,250 shares during the period. Meridian Investment Counsel Inc.’s holdings in Omega Healthcare Investors were worth $387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OHI. Norges Bank acquired a new position in Omega Healthcare Investors during the 4th quarter worth $61,698,000. Centersquare Investment Management LLC lifted its position in Omega Healthcare Investors by 36.6% during the 4th quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock worth $109,924,000 after acquiring an additional 960,997 shares during the last quarter. California Public Employees Retirement System lifted its position in Omega Healthcare Investors by 72.2% during the 4th quarter. California Public Employees Retirement System now owns 1,276,276 shares of the real estate investment trust’s stock worth $39,131,000 after acquiring an additional 535,093 shares during the last quarter. BROOKFIELD Corp ON acquired a new position in Omega Healthcare Investors during the 1st quarter worth $16,446,000. Finally, Verition Fund Management LLC lifted its position in Omega Healthcare Investors by 5,224.5% during the 4th quarter. Verition Fund Management LLC now owns 524,201 shares of the real estate investment trust’s stock worth $16,072,000 after acquiring an additional 514,356 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock traded up $0.27 during trading hours on Monday, hitting $37.70. 1,751,081 shares of the stock were exchanged, compared to its average volume of 1,701,290. The company has a debt-to-equity ratio of 1.19, a quick ratio of 5.79 and a current ratio of 5.79. The stock has a market capitalization of $9.72 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.33 and a beta of 0.97. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $38.85. The business’s 50-day moving average is $35.01 and its two-hundred day moving average is $32.38.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.20). The firm had revenue of $252.70 million for the quarter, compared to the consensus estimate of $205.92 million. Omega Healthcare Investors had a return on equity of 8.61% and a net margin of 33.52%. Omega Healthcare Investors’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 earnings per share. Equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.81 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.68 annualized dividend and a dividend yield of 7.11%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 241.44%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OHI. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Mizuho lowered shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. Truist Financial upped their price objective on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. Finally, Scotiabank upped their price objective on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 9th. Nine equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Omega Healthcare Investors has a consensus rating of “Hold” and an average target price of $33.67.

Omega Healthcare Investors Company 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.