RPG Investment Advisory LLC Sells 3,138 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

RPG Investment Advisory LLC lessened its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 189,778 shares of the real estate investment trust’s stock after selling 3,138 shares during the quarter. RPG Investment Advisory LLC owned 0.08% of Omega Healthcare Investors worth $6,500,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in Omega Healthcare Investors in the 2nd quarter valued at about $26,000. WFA Asset Management Corp purchased a new stake in Omega Healthcare Investors in the 1st quarter valued at about $39,000. Covestor Ltd boosted its position in Omega Healthcare Investors by 47.6% in the 1st quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 431 shares during the period. Highlander Capital Management LLC boosted its position in Omega Healthcare Investors by 52.0% in the 1st quarter. Highlander Capital Management LLC now owns 1,900 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 650 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in Omega Healthcare Investors in the 4th quarter valued at about $80,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Trading Up 0.8 %

NYSE OHI opened at $39.94 on Tuesday. The company has a quick ratio of 5.79, a current ratio of 5.79 and a debt-to-equity ratio of 1.19. The firm has a market cap of $10.30 billion, a PE ratio of 35.98, a price-to-earnings-growth ratio of 1.46 and a beta of 1.00. The company has a 50 day moving average price of $37.02 and a 200 day moving average price of $33.39. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $40.45.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 EPS 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%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 EPS. As a group, sell-side analysts forecast that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors 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 6.71%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Wall Street Analysts Forecast Growth

OHI has been the subject of several research reports. Truist Financial boosted their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Scotiabank upped their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Wells Fargo & Company raised shares of Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. Finally, Mizuho cut shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $34.00 to $35.00 in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.67.

About Omega Healthcare Investors

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.