15,049 Shares in Omega Healthcare Investors, Inc. $OHI Bought by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC acquired a new position in Omega Healthcare Investors, purchasing 15,049 shares valued at approximately $552,000 in the 2nd quarter.
• Analysts have raised their price targets for Omega Healthcare, with Wells Fargo increasing its target from $41.00 to $44.00 and a general consensus rating of "Moderate Buy."
• The company recently announced a quarterly dividend of $0.67 per share, resulting in an annualized dividend yield of 6.5%.

Sequoia Financial Advisors LLC bought a new position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 15,049 shares of the real estate investment trust's stock, valued at approximately $552,000.

Several other hedge funds also recently bought and sold shares of OHI. MassMutual Private Wealth & Trust FSB boosted its holdings in Omega Healthcare Investors by 562.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,828 shares of the real estate investment trust's stock worth $67,000 after buying an additional 1,552 shares during the period. Register Financial Advisors LLC bought a new position in shares of Omega Healthcare Investors during the 2nd quarter valued at about $73,000. Trust Co. of Vermont purchased a new stake in shares of Omega Healthcare Investors during the 2nd quarter valued at about $95,000. Meeder Asset Management Inc. raised its position in shares of Omega Healthcare Investors by 1,581.3% during the 1st quarter. Meeder Asset Management Inc. now owns 2,522 shares of the real estate investment trust's stock valued at $96,000 after buying an additional 2,372 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Omega Healthcare Investors by 22.9% during the 2nd quarter. UMB Bank n.a. now owns 2,672 shares of the real estate investment trust's stock valued at $98,000 after buying an additional 497 shares in the last quarter. Institutional investors own 65.25% of the company's stock.

Analyst Ratings Changes

OHI has been the topic of several recent research reports. Wells Fargo & Company upped their target price 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, August 27th. Truist Financial raised their price objective on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. Scotiabank raised their price objective on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Royal Bank Of Canada raised their price objective on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Finally, Cantor Fitzgerald started coverage on shares of Omega Healthcare Investors in a research note on Wednesday, October 1st. They issued an "overweight" rating and a $50.00 price objective for the company. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Omega Healthcare Investors has an average rating of "Moderate Buy" and an average price target of $44.38.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI opened at $41.07 on Monday. The firm has a market cap of $12.12 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70. The firm's 50 day simple moving average is $41.58 and its 200-day simple moving average is $38.89. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one 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 issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.32. The business had revenue of $235.60 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. As a group, equities analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were given 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 6.5%. Omega Healthcare Investors's dividend payout ratio (DPR) is 165.43%.

Insider Activity at Omega Healthcare Investors

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $40.16, for a total transaction 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 trade represents a 11.82% decrease in their ownership of the stock. The sale 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 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.

Want to see what other hedge funds are holding OHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.