Empowered Funds LLC Buys New Shares in Omega Healthcare Investors, Inc. $OHI

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 bought a new position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 115,213 shares of the real estate investment trust's stock, valued at approximately $4,387,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in OHI. NBC Securities Inc. purchased a new position in shares of Omega Healthcare Investors in the first quarter worth about $29,000. Park Square Financial Group LLC purchased a new stake in shares of Omega Healthcare Investors during the fourth quarter worth approximately $61,000. UMB Bank n.a. increased its position in shares of Omega Healthcare Investors by 94.9% during the first quarter. UMB Bank n.a. now owns 2,175 shares of the real estate investment trust's stock worth $83,000 after purchasing an additional 1,059 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Omega Healthcare Investors by 1,581.3% during the first quarter. Meeder Asset Management Inc. now owns 2,522 shares of the real estate investment trust's stock worth $96,000 after buying an additional 2,372 shares during the last quarter. Finally, Virtus Investment Advisers Inc. acquired a new position in Omega Healthcare Investors during the fourth quarter worth $112,000. Institutional investors own 65.25% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their price target on Omega Healthcare Investors from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Truist Financial increased their price objective on Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. Raymond James Financial reaffirmed an "outperform" rating on shares of Omega Healthcare Investors in a report on Tuesday, September 2nd. Scotiabank raised their price target on Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Finally, Royal Bank Of Canada raised their price target on Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.75.

Insider Buying and Selling at Omega Healthcare Investors

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $40.16, for a total value of $100,400.00. Following the transaction, the director directly owned 18,654 shares of the company's stock, valued at approximately $749,144.64. This represents a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company's stock.

Omega Healthcare Investors Stock Performance

OHI stock traded up $0.04 on Thursday, reaching $41.67. The company's stock had a trading volume of 371,668 shares, compared to its average volume of 2,325,129. The firm has a fifty day moving average of $40.60 and a two-hundred day moving average of $38.34. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10. The company has a market capitalization of $12.29 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 2.20 and a beta of 0.71. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $44.42.

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

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were issued a $0.67 dividend. The ex-dividend date was Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.4%. Omega Healthcare Investors's dividend payout ratio is presently 165.43%.

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.