301,940 Shares in Omega Healthcare Investors, Inc. $OHI Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 301,940 shares of Omega Healthcare Investors in the second quarter, valued at approximately $14.4 million. Institutional investors and hedge funds collectively own 65.25% of OHI.
• Omega Healthcare Investors reported quarterly EPS of $1.19, well above the $0.51 consensus estimate, while revenue rose 16.2% year over year to $328.25 million. The company raised its quarterly dividend to $0.68, equivalent to a 5.9% annualized yield.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $49.21; recent targets range from $46 to $58. OHI opened at $45.96, below its 50-day moving average of $48.35.

Corient Private Wealth LP acquired a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 301,940 shares of the real estate investment trust's stock, valued at approximately $14,397,000. Corient Private Wealth LP owned approximately 0.10% of Omega Healthcare Investors at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in OHI. Royal Bank of Canada boosted its stake in shares of Omega Healthcare Investors by 29.4% in the first quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust's stock worth $5,496,000 after acquiring an additional 32,798 shares during the last quarter. Focus Partners Wealth raised its stake in Omega Healthcare Investors by 3.1% in the 1st quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust's stock valued at $756,000 after purchasing an additional 597 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Omega Healthcare Investors in the 2nd quarter valued at $257,000. Guggenheim Capital LLC lifted its holdings in Omega Healthcare Investors by 1.0% in the 2nd quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust's stock valued at $1,077,000 after purchasing an additional 280 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Omega Healthcare Investors by 32.8% in the 2nd quarter. First Trust Advisors LP now owns 193,099 shares of the real estate investment trust's stock valued at $7,077,000 after purchasing an additional 47,649 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Stock Performance

NYSE OHI opened at $45.96 on Friday. The stock's fifty day moving average is $48.35 and its two-hundred day moving average is $47.09. The firm has a market capitalization of $13.93 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 1.86 and a beta of 0.57. Omega Healthcare Investors, Inc. has a fifty-two week low of $39.26 and a fifty-two week high of $52.39.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.68. Omega Healthcare Investors had a return on equity of 15.76% and a net margin of 66.96%.The business had revenue of $328.25 million during the quarter, compared to the consensus estimate of $266.97 million. During the same period last year, the company earned $0.77 EPS. The company's revenue for the quarter was up 16.2% on a year-over-year basis. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. As a group, sell-side analysts forecast that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current year.

Omega Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a $0.68 dividend. This is an increase from Omega Healthcare Investors's previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, August 3rd. Omega Healthcare Investors's payout ratio is currently 97.14%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on OHI. Citigroup upped their target price on shares of Omega Healthcare Investors from $52.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Cantor Fitzgerald raised their price target on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Raymond James Financial initiated coverage on shares of Omega Healthcare Investors in a research note on Tuesday, June 16th. They issued an "outperform" rating and a $50.00 price target on the stock. Truist Financial lowered their price target on shares of Omega Healthcare Investors from $48.00 to $46.00 and set a "hold" rating on the stock in a research report on Tuesday, June 9th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $52.00 price objective on shares of Omega Healthcare Investors in a research note on Monday, May 4th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $49.21.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company's core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source