224,013 Shares in Omega Healthcare Investors, Inc. $OHI Acquired by Strs Ohio

Key Points

• Strs Ohio acquired 224,013 shares of Omega Healthcare Investors, valued at approximately $8.53 million, during the first quarter, representing a 0.08% stake in the company.
• Omega Healthcare Investors reported earnings of $0.77 per share in the last quarter, exceeding estimates by $0.32, and is projecting an EPS of 3.040-3.070 for FY 2025.
• The company recently declared a quarterly dividend of $0.67, translating to an annualized dividend yield of 6.3%, with a payout ratio of 165.43%.

Strs Ohio purchased a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 224,013 shares of the real estate investment trust's stock, valued at approximately $8,530,000. Strs Ohio owned about 0.08% of Omega Healthcare Investors as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in shares of Omega Healthcare Investors in the 1st quarter valued at approximately $29,000. Park Square Financial Group LLC acquired a new position in Omega Healthcare Investors during the fourth quarter worth $61,000. UMB Bank n.a. raised its holdings in 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 during the last quarter. Meeder Asset Management Inc. raised its holdings 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 purchasing an additional 2,372 shares during the last quarter. Finally, Virtus Investment Advisers Inc. acquired a new position in shares of Omega Healthcare Investors in the fourth quarter worth $112,000. Hedge funds and other institutional investors own 65.25% of the company's stock.

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 dated 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 of the company's stock, valued at $749,144.64. This represents a 11.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $42.49 on Friday. Omega Healthcare Investors, Inc. has a 1-year low of $35.04 and a 1-year high of $44.42. The business has a 50-day moving average of $40.26 and a 200-day moving average of $38.24. 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 $12.53 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 2.23 and a beta of 0.71.

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 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.32. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The company had revenue of $235.60 million during the quarter, compared to the consensus estimate of $248.49 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. The company's revenue was up 11.8% compared to the same quarter last year. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. On average, equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal 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 $0.67 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.68 annualized dividend and a dividend yield of 6.3%. Omega Healthcare Investors's dividend payout ratio is presently 165.43%.

Analyst Ratings Changes

OHI has been the subject of a number of recent analyst reports. Mizuho lifted their price objective on Omega Healthcare Investors from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday. Truist Financial lifted their price objective on Omega Healthcare Investors from $39.00 to $44.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Wells Fargo & Company boosted their price target on Omega Healthcare Investors from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Scotiabank boosted 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. Finally, Royal Bank Of Canada boosted their price target on 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. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.75.

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.

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