115,213 Shares in Omega Healthcare Investors, Inc. $OHI Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC purchased 115,213 shares of Omega Healthcare Investors, valued at approximately $4.39 million, marking a significant stake in the company by the institutional investor.
• Equity analysts have increased their price targets for Omega Healthcare Investors, with Wells Fargo and Truist Financial setting targets of $44.00, indicating a positive outlook for the stock.
• Omega Healthcare Investors recently declared a quarterly dividend of $0.67, resulting in an annualized yield of 6.3%, reflecting a high payout ratio of 165.43%.

Empowered Funds LLC purchased a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 115,213 shares of the real estate investment trust's stock, valued at approximately $4,387,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. United Services Automobile Association increased its position in shares of Omega Healthcare Investors by 1.8% during the first quarter. United Services Automobile Association now owns 16,598 shares of the real estate investment trust's stock valued at $632,000 after buying an additional 291 shares during the period. Optimum Investment Advisors increased its position in shares of Omega Healthcare Investors by 8.9% during the first quarter. Optimum Investment Advisors now owns 3,666 shares of the real estate investment trust's stock valued at $140,000 after buying an additional 300 shares during the period. CreativeOne Wealth LLC increased its position in shares of Omega Healthcare Investors by 3.4% during the first quarter. CreativeOne Wealth LLC now owns 9,487 shares of the real estate investment trust's stock valued at $361,000 after buying an additional 310 shares during the period. Values First Advisors Inc. increased its position in shares of Omega Healthcare Investors by 1.6% during the first quarter. Values First Advisors Inc. now owns 19,692 shares of the real estate investment trust's stock valued at $750,000 after buying an additional 314 shares during the period. Finally, QRG Capital Management Inc. increased its position in shares of Omega Healthcare Investors by 0.5% during the first quarter. QRG Capital Management Inc. now owns 69,499 shares of the real estate investment trust's stock valued at $2,647,000 after buying an additional 341 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Scotiabank upped their price target on Omega Healthcare Investors from $39.00 to $42.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Royal Bank Of Canada boosted their price objective on Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Wells Fargo & Company boosted their price objective on Omega Healthcare Investors from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Truist Financial boosted their price objective on Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Finally, Mizuho boosted their price objective on Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Omega Healthcare Investors has a consensus rating of "Moderate Buy" and a consensus price target of $43.75.

Insiders Place Their Bets

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $40.16, for a total value of $100,400.00. Following the completion of the sale, the director owned 18,654 shares in the company, valued at $749,144.64. The trade was a 11.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by insiders.

Omega Healthcare Investors Stock Down 0.0%

Shares of NYSE OHI opened at $42.49 on Friday. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $44.42. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 2.23 and a beta of 0.71. The business has a 50-day moving average of $40.26 and a 200-day moving average of $38.23.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.32. The company had revenue of $235.60 million during the quarter, compared to the consensus estimate of $248.49 million. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.Omega Healthcare Investors's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. Sell-side analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

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

Omega Healthcare Investors Company Profile

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.

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