Rainey & Randall Investment Management Inc. Purchases 5,024 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Rainey & Randall Investment Management Inc. lifted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,978 shares of the real estate investment trust’s stock after acquiring an additional 5,024 shares during the period. Omega Healthcare Investors makes up approximately 1.5% of Rainey & Randall Investment Management Inc.’s portfolio, making the stock its 14th largest position. Rainey & Randall Investment Management Inc. owned approximately 0.07% of Omega Healthcare Investors worth $7,203,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Omega Healthcare Investors by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock valued at $1,120,478,000 after buying an additional 165,105 shares during the period. Dimensional Fund Advisors LP increased its position in Omega Healthcare Investors by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,732,390 shares of the real estate investment trust’s stock valued at $127,831,000 after acquiring an additional 272,299 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Omega Healthcare Investors by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 3,240,025 shares of the real estate investment trust’s stock valued at $110,971,000 after acquiring an additional 143,521 shares during the period. LSV Asset Management lifted its holdings in Omega Healthcare Investors by 0.7% in the second quarter. LSV Asset Management now owns 1,968,200 shares of the real estate investment trust’s stock valued at $67,411,000 after acquiring an additional 14,000 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Omega Healthcare Investors by 1,030.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 945,523 shares of the real estate investment trust’s stock valued at $32,384,000 after purchasing an additional 861,907 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OHI shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $43.00 price objective (up previously from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Scotiabank increased 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. Mizuho downgraded shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. Berenberg Bank assumed coverage on Omega Healthcare Investors in a report on Friday, October 18th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Truist Financial boosted their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Omega Healthcare Investors presently has an average rating of “Hold” and an average price target of $37.80.

Insider Transactions at Omega Healthcare Investors

In other Omega Healthcare Investors news, COO Daniel J. Booth sold 56,725 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $40.25, for a total transaction of $2,283,181.25. Following the completion of the transaction, the chief operating officer now owns 100,000 shares in the company, valued at $4,025,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, COO Daniel J. Booth sold 56,725 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $40.25, for a total transaction of $2,283,181.25. Following the completion of the transaction, the chief operating officer now directly owns 100,000 shares in the company, valued at approximately $4,025,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert O. Stephenson sold 22,542 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $40.19, for a total transaction of $905,962.98. Following the completion of the sale, the chief financial officer now owns 183,076 shares in the company, valued at $7,357,824.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Omega Healthcare Investors Trading Down 0.2 %

OHI stock opened at $41.24 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.79 and a quick ratio of 5.79. Omega Healthcare Investors, Inc. has a 1-year low of $27.53 and a 1-year high of $41.73. The business has a 50 day simple moving average of $39.86 and a two-hundred day simple moving average of $35.42. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 1.34 and a beta of 1.00.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.20). The company 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 revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 EPS. Research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current fiscal year.

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.