Gallacher Capital Management LLC Has $498,000 Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Gallacher Capital Management LLC raised its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 33.6% in the second quarter, HoldingsChannel.com reports. The firm owned 14,546 shares of the real estate investment trust’s stock after buying an additional 3,659 shares during the period. Gallacher Capital Management LLC’s holdings in Omega Healthcare Investors were worth $498,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of OHI. Cutter & CO Brokerage Inc. grew its holdings in shares of Omega Healthcare Investors by 3.7% during the second quarter. Cutter & CO Brokerage Inc. now owns 8,206 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 290 shares during the last quarter. Left Brain Wealth Management LLC raised its holdings in shares of Omega Healthcare Investors by 2.0% in the 4th quarter. Left Brain Wealth Management LLC now owns 17,365 shares of the real estate investment trust’s stock worth $532,000 after acquiring an additional 335 shares during the last quarter. Pasadena Private Wealth LLC lifted its position in Omega Healthcare Investors by 2.9% in the 2nd quarter. Pasadena Private Wealth LLC now owns 12,049 shares of the real estate investment trust’s stock valued at $413,000 after acquiring an additional 335 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Omega Healthcare Investors by 4.7% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,574 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 342 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Omega Healthcare Investors by 2.5% in the first quarter. Tidal Investments LLC now owns 14,325 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 348 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Truist Financial lifted their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday. Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Mizuho lowered shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and raised their price target for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. Finally, Scotiabank upped their price objective 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. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.67.

Omega Healthcare Investors Stock Down 0.9 %

OHI opened at $39.64 on Friday. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $40.45. The company’s 50-day moving average price is $36.90 and its two-hundred day moving average price is $33.32. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 1.39 and a beta of 1.00. The company has a quick ratio of 5.79, a current ratio of 5.79 and a debt-to-equity ratio of 1.19.

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). Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. The firm had revenue of $252.70 million during the quarter, compared to analysts’ expectations of $205.92 million. During the same quarter in the previous year, the company posted $0.74 EPS. Omega Healthcare Investors’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, equities analysts expect that Omega Healthcare Investors, Inc. will post 2.81 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.76%. The ex-dividend date was Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 241.44%.

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.