Wealth Preservation Advisors LLC Invests $431,000 in Omega Healthcare Investors, Inc. $OHI

Key Points

• Wealth Preservation Advisors LLC acquired 11,317 shares of Omega Healthcare Investors, Inc. valued at approximately $431,000, as part of their new position in the real estate investment trust during Q1.
• The company reported an EPS of $0.77 for the last quarter, exceeding analysts' estimates of $0.45, with quarterly revenue increasing by 11.8% year-over-year.
• Omega Healthcare Investors declared a quarterly dividend of $0.67 per share, yielding 6.4%, despite a high payout ratio of 165.43%.

Wealth Preservation Advisors LLC acquired a new position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,317 shares of the real estate investment trust's stock, valued at approximately $431,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CreativeOne Wealth LLC lifted its holdings in Omega Healthcare Investors by 3.4% in the first quarter. CreativeOne Wealth LLC now owns 9,487 shares of the real estate investment trust's stock worth $361,000 after buying an additional 310 shares during the period. Ieq Capital LLC increased its stake in shares of Omega Healthcare Investors by 938.9% during the first quarter. Ieq Capital LLC now owns 61,266 shares of the real estate investment trust's stock valued at $2,333,000 after purchasing an additional 55,369 shares in the last quarter. Samalin Investment Counsel LLC increased its stake in shares of Omega Healthcare Investors by 9.6% during the first quarter. Samalin Investment Counsel LLC now owns 23,664 shares of the real estate investment trust's stock valued at $901,000 after purchasing an additional 2,082 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Omega Healthcare Investors by 163.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,371,945 shares of the real estate investment trust's stock valued at $52,244,000 after purchasing an additional 851,299 shares in the last quarter. Finally, Corebridge Financial Inc. increased its stake in shares of Omega Healthcare Investors by 1.9% during the first quarter. Corebridge Financial Inc. now owns 311,219 shares of the real estate investment trust's stock valued at $11,851,000 after purchasing an additional 5,766 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Scotiabank raised their target price on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the company a "sector perform" rating in a research note on Thursday. Royal Bank Of Canada raised their price target on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Finally, Wells Fargo & Company raised their price target on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $42.75.

Omega Healthcare Investors Stock Performance

Shares of Omega Healthcare Investors stock traded up $0.33 on Friday, hitting $42.53. 1,771,023 shares of the company's stock were exchanged, compared to its average volume of 2,224,091. The company has a 50-day simple moving average of $39.06 and a 200-day simple moving average of $37.79. The stock has a market capitalization of $12.55 billion, a PE ratio of 26.25, a PEG ratio of 2.26 and a beta of 0.66. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $44.42. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate of $0.45 by $0.32. The firm had revenue of $235.60 million for the quarter, compared to the consensus estimate of $248.49 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The company's revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. As a group, equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.3%. Omega Healthcare Investors's payout ratio is currently 165.43%.

Insider Activity at Omega Healthcare Investors

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of Omega Healthcare Investors stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $40.16, for a total transaction of $100,400.00. Following the completion of the transaction, the director directly owned 18,654 shares of the company's stock, valued at approximately $749,144.64. The trade was a 11.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company's stock.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.