Omega Healthcare Investors, Inc. $OHI Shares Purchased by Advisors Capital Management LLC

Key Points

• Advisors Capital Management LLC increased its holdings in Omega Healthcare Investors by 1.7%, now owning approximately 775,112 shares valued at $29.52 million.
• Analysts have recently upgraded their target prices for Omega Healthcare Investors, with estimates ranging from $41.00 to $44.00, reflecting a generally positive outlook for the stock.
• Omega Healthcare Investors announced a quarterly dividend of $0.67, with an annualized yield of 6.3%, despite having a high dividend payout ratio of 165.43%.

Advisors Capital Management LLC lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 1.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 775,112 shares of the real estate investment trust's stock after purchasing an additional 13,254 shares during the period. Advisors Capital Management LLC owned approximately 0.27% of Omega Healthcare Investors worth $29,516,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OHI. Ameriprise Financial Inc. lifted its stake in Omega Healthcare Investors by 3.9% in the fourth quarter. Ameriprise Financial Inc. now owns 776,715 shares of the real estate investment trust's stock worth $29,398,000 after acquiring an additional 28,921 shares during the last quarter. Cetera Investment Advisers lifted its stake in Omega Healthcare Investors by 5.6% in the fourth quarter. Cetera Investment Advisers now owns 93,096 shares of the real estate investment trust's stock worth $3,524,000 after acquiring an additional 4,943 shares during the last quarter. Cresset Asset Management LLC purchased a new position in Omega Healthcare Investors in the fourth quarter worth approximately $201,000. CoreCap Advisors LLC lifted its stake in Omega Healthcare Investors by 177.3% in the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 1,009 shares during the last quarter. Finally, Ethic Inc. purchased a new position in Omega Healthcare Investors in the fourth quarter worth approximately $446,000. Institutional investors and hedge funds own 65.25% of the company's stock.

Wall Street Analysts Forecast Growth

OHI has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Raymond James Financial restated an "outperform" rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Truist Financial boosted 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 report on Wednesday, September 3rd. Scotiabank boosted 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 report on Thursday, August 28th. Finally, Mizuho boosted their price objective on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Omega Healthcare Investors has an average rating of "Moderate Buy" and a consensus target price of $43.75.

Omega Healthcare Investors Stock Performance

OHI traded down $0.33 during trading on Tuesday, hitting $42.36. The stock had a trading volume of 288,613 shares, compared to its average volume of 2,332,311. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. The firm has a market capitalization of $12.50 billion, a P/E ratio of 26.15, a PEG ratio of 2.22 and a beta of 0.71. The company's 50-day moving average price is $40.38 and its 200 day moving average price is $38.29. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $44.42.

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 earnings per share (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 analysts' expectations of $248.49 million. During the same period in the previous year, the company posted $0.71 EPS. Omega Healthcare Investors'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 research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were given a $0.67 dividend. The ex-dividend date was Monday, August 4th. This represents a $2.68 annualized dividend and a dividend yield of 6.3%. Omega Healthcare Investors's payout ratio is currently 165.43%.

Insider Activity at Omega Healthcare Investors

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $40.16, for a total value of $100,400.00. Following the sale, the director directly owned 18,654 shares in the company, valued at $749,144.64. The trade was a 11.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.