Triumph Capital Management Takes Position in Omega Healthcare Investors, Inc. $OHI

Key Points

• Triumph Capital Management has purchased 8,750 shares of Omega Healthcare Investors, Inc. ($OHI), valued at approximately $321,000, marking a new investment position in the company.
• Omega Healthcare Investors reported earnings of $0.77 per share for the last quarter, exceeding the consensus estimate of $0.45, with revenue showing an 11.8% year-over-year increase.
• The company declared a quarterly dividend of $0.67 per share, resulting in an annualized dividend yield of 6.4%, while its payout ratio stands at 165.43%.

Triumph Capital Management acquired a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 8,750 shares of the real estate investment trust's stock, valued at approximately $321,000.

Other institutional investors also recently made changes to their positions in the company. PFG Investments LLC boosted its stake in shares of Omega Healthcare Investors by 20.4% in the 1st quarter. PFG Investments LLC now owns 70,762 shares of the real estate investment trust's stock valued at $2,695,000 after purchasing an additional 11,970 shares in the last quarter. Columbus Macro LLC purchased a new stake in Omega Healthcare Investors during the 1st quarter valued at $6,353,000. GAMMA Investing LLC boosted its position in Omega Healthcare Investors by 4,248.2% during the 1st quarter. GAMMA Investing LLC now owns 174,102 shares of the real estate investment trust's stock valued at $6,630,000 after buying an additional 170,098 shares during the period. Two Sigma Advisers LP boosted its position in Omega Healthcare Investors by 2,777.6% during the 4th quarter. Two Sigma Advisers LP now owns 333,800 shares of the real estate investment trust's stock valued at $12,634,000 after buying an additional 322,200 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in Omega Healthcare Investors by 5.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 514,967 shares of the real estate investment trust's stock valued at $19,610,000 after buying an additional 24,640 shares during the period. Hedge funds and other institutional investors own 65.25% of the company's stock.

Insider Buying and Selling

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $40.16, for a total transaction of $100,400.00. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

OHI has been the subject of several analyst reports. Royal Bank Of Canada increased their price target on shares of 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. Wells Fargo & Company upped their price objective on shares of 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 upped their price objective on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Mizuho upped their price objective on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. Finally, Scotiabank upped 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 report on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $43.75.

Omega Healthcare Investors Stock Up 0.3%

OHI stock traded up $0.14 during trading on Thursday, hitting $41.77. 1,601,608 shares of the stock traded hands, compared to its average volume of 1,599,532. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $44.42. The firm's 50 day moving average is $40.70 and its two-hundred day moving average is $38.37. The stock has a market cap of $12.32 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 2.18 and a beta of 0.71. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10.

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

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Monday, August 4th. Omega Healthcare Investors's dividend payout ratio is 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.