Allspring Global Investments Holdings LLC Sells 15,975 Shares of Omega Healthcare Investors, Inc. $OHI

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Omega Healthcare Investors, selling 15,975 shares and now holds 1,012,212 shares valued at approximately $37.1 million.
• Several institutional investors have significantly increased their positions in Omega Healthcare Investors, with AQR Capital Management boosting its stake by 430.8% in the first quarter.
• Omega Healthcare Investors announced a $0.67 quarterly dividend, representing a dividend yield of 6.7%, as well as having a consensus price target from analysts of $44.44.

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,012,212 shares of the real estate investment trust's stock after selling 15,975 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.35% of Omega Healthcare Investors worth $37,118,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of Omega Healthcare Investors by 430.8% in the 1st quarter. AQR Capital Management LLC now owns 2,862,117 shares of the real estate investment trust's stock valued at $108,989,000 after purchasing an additional 2,322,878 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Omega Healthcare Investors by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 39,554,886 shares of the real estate investment trust's stock valued at $1,506,250,000 after purchasing an additional 1,492,904 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Omega Healthcare Investors by 122.3% in the 1st quarter. Invesco Ltd. now owns 2,416,560 shares of the real estate investment trust's stock valued at $92,023,000 after purchasing an additional 1,329,324 shares during the last quarter. Nuveen LLC bought a new stake in shares of Omega Healthcare Investors in the 1st quarter valued at $42,513,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Omega Healthcare Investors by 163.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,371,945 shares of the real estate investment trust's stock valued at $52,244,000 after purchasing an additional 851,299 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Omega Healthcare Investors in a research note on Wednesday, October 8th. Truist Financial boosted their target price on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Raymond James Financial reiterated an "outperform" rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Scotiabank boosted their target price on shares of 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, Wells Fargo & Company boosted their target price on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.44.

Omega Healthcare Investors Stock Performance

OHI opened at $40.13 on Thursday. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96. The company's fifty day moving average price is $41.56 and its two-hundred day moving average price is $38.84. Omega Healthcare Investors, Inc. has a 1-year low of $35.04 and a 1-year high of $44.42. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 1.85 and a beta of 0.70.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings data 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 net margin of 42.23% and a return on equity of 9.78%. The firm had revenue of $235.60 million for the quarter, compared to the consensus estimate of $248.49 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The business's revenue 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, analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were issued a $0.67 dividend. The ex-dividend date was Monday, August 4th. This represents a $2.68 annualized dividend and a dividend yield of 6.7%. Omega Healthcare Investors's dividend payout ratio is currently 165.43%.

Insider Activity at Omega Healthcare Investors

In other 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 value of $100,400.00. Following the completion of the sale, the director 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.