Omega Healthcare Investors, Inc. $OHI Stock: Kestra Advisory Services LLC Grows Stake

Kestra Advisory Services LLC lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 13.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 176,180 shares of the real estate investment trust’s stock after buying an additional 20,275 shares during the period. Kestra Advisory Services LLC’s holdings in Omega Healthcare Investors were worth $8,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Fortitude Family Office LLC increased its holdings in Omega Healthcare Investors by 50.3% during the third quarter. Fortitude Family Office LLC now owns 699 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 234 shares during the last quarter. Latitude Advisors LLC bought a new position in shares of Omega Healthcare Investors in the third quarter worth about $35,000. Ascentis Independent Advisors bought a new position in shares of Omega Healthcare Investors in the first quarter worth about $35,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Omega Healthcare Investors by 53.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 906 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 315 shares during the period. Finally, Elevation Wealth Partners LLC raised its stake in Omega Healthcare Investors by 645.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 924 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 800 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Stock Performance

Shares of NYSE OHI opened at $48.71 on Wednesday. The business’s 50 day moving average price is $46.41 and its 200-day moving average price is $46.73. Omega Healthcare Investors, Inc. has a fifty-two week low of $42.18 and a fifty-two week high of $52.39. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.97 and a beta of 0.56.

Omega Healthcare Investors (NYSE:OHI – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). The business had revenue of $340.55 million for the quarter, compared to the consensus estimate of $269.16 million. Omega Healthcare Investors had a return on equity of 13.66% and a net margin of 58.11%. Omega Healthcare Investors’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. Sell-side analysts predict that Omega Healthcare Investors, Inc. will post 3.12 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 5th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Thursday, November 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 109.68%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on OHI shares. Raymond James Financial reiterated an “outperform” rating and issued a $54.00 price target on shares of Omega Healthcare Investors in a research report on Monday. Cantor Fitzgerald boosted their price target on Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Mizuho upped their price target on Omega Healthcare Investors from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, August 31st. Weiss Ratings downgraded shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday. Finally, Barclays reduced their price target on shares of Omega Healthcare Investors from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Tuesday, October 13th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors has an average rating of “Hold” and an average price target of $50.00.

View Our Latest Research Report on OHI

Omega Healthcare Investors Profile

(Free Report)

Omega Healthcare Investors, Inc. is a real estate investment trust (REIT) focused on healthcare facilities, particularly skilled nursing and assisted living properties. The company invests in these facilities through real estate leases, loans and other financing arrangements. Its portfolio serves healthcare operators in the United States and the United Kingdom. Omega primarily leases properties to third-party operators, which manage the facilities and provide care to residents. Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega is led by President and Chief Executive Officer Taylor Pickett.

See Also

Want to see what other hedge funds are holding OHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report).

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

Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.