Advisors Capital Management LLC Has $29.52 Million Stock Holdings in Omega Healthcare Investors, Inc. $OHI

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. United Services Automobile Association lifted its stake in Omega Healthcare Investors by 1.8% during the first quarter. United Services Automobile Association now owns 16,598 shares of the real estate investment trust's stock worth $632,000 after purchasing an additional 291 shares during the last quarter. Optimum Investment Advisors lifted its stake in Omega Healthcare Investors by 8.9% during the first quarter. Optimum Investment Advisors now owns 3,666 shares of the real estate investment trust's stock worth $140,000 after purchasing an additional 300 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in Omega Healthcare Investors by 3.4% during the first quarter. CreativeOne Wealth LLC now owns 9,487 shares of the real estate investment trust's stock worth $361,000 after purchasing an additional 310 shares during the last quarter. Values First Advisors Inc. lifted its stake in Omega Healthcare Investors by 1.6% during the first quarter. Values First Advisors Inc. now owns 19,692 shares of the real estate investment trust's stock worth $750,000 after purchasing an additional 314 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Omega Healthcare Investors by 0.5% during the first quarter. QRG Capital Management Inc. now owns 69,499 shares of the real estate investment trust's stock worth $2,647,000 after purchasing an additional 341 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on OHI shares. Royal Bank Of Canada upped their target price on 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. Truist Financial upped their target price on Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. Wells Fargo & Company upped their target price on Omega Healthcare Investors from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Scotiabank upped their target price on 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. Finally, Raymond James Financial restated an "outperform" rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.38.

Insiders Place Their Bets

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of the stock in a transaction on 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 directly owned 18,654 shares in the company, valued at $749,144.64. This represents a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Omega Healthcare Investors Stock Down 0.0%

Shares of OHI opened at $42.83 on Thursday. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $44.42. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.24 and a beta of 0.71. 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 stock has a fifty day moving average of $40.02 and a 200-day moving average of $38.15.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $248.49 million. During the same period in the prior year, the company earned $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. As a group, sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

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

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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