Lake Street Advisors Group LLC Acquires New Stake in Omega Healthcare Investors Inc (OHI)
Lake Street Advisors Group LLC acquired a new position in Omega Healthcare Investors Inc (NYSE:OHI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,709 shares of the real estate investment trust’s stock, valued at approximately $797,000.
A number of other large investors have also added to or reduced their stakes in OHI. Private Capital Group LLC raised its position in Omega Healthcare Investors by 5,518.8% in the first quarter. Private Capital Group LLC now owns 3,877 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 3,808 shares in the last quarter. BerganKDV Wealth Management LLC purchased a new position in Omega Healthcare Investors in the second quarter worth $110,000. Winslow Evans & Crocker Inc. raised its position in Omega Healthcare Investors by 213.7% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,670 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 2,500 shares in the last quarter. Assetmark Inc. raised its position in Omega Healthcare Investors by 17,126.9% in the first quarter. Assetmark Inc. now owns 4,479 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 4,453 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Omega Healthcare Investors in the second quarter worth $147,000. Hedge funds and other institutional investors own 72.26% of the company’s stock.
Several research analysts have issued reports on OHI shares. ValuEngine upgraded Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Saturday, May 26th. Wells Fargo & Co cut Omega Healthcare Investors from an “outperform” rating to a “market perform” rating in a research report on Monday, June 25th. They noted that the move was a valuation call. Zacks Investment Research cut Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Cantor Fitzgerald restated a “buy” rating and issued a $34.00 price target on shares of Omega Healthcare Investors in a research report on Monday, August 6th. Finally, Stifel Nicolaus raised their price target on Omega Healthcare Investors from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday, August 7th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Omega Healthcare Investors has an average rating of “Hold” and a consensus price target of $31.37.
Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Friday, August 3rd. The real estate investment trust reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Omega Healthcare Investors had a return on equity of 2.49% and a net margin of 10.61%. The business had revenue of $192.85 million during the quarter, compared to analysts’ expectations of $200.30 million. During the same quarter last year, the business posted $0.87 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. sell-side analysts anticipate that Omega Healthcare Investors Inc will post 2.97 earnings per share for the current fiscal year.
Omega Healthcare Investors Company Profile
Omega is a real estate investment trust 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 US, as well as in the UK.
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