AQR Capital Management LLC Raises Stock Position in Omega Healthcare Investors, Inc. $OHI

Key Points

• AQR Capital Management LLC increased its stake in Omega Healthcare Investors by 430.8%, acquiring an additional 2,322,878 shares in the first quarter, bringing its total to 2,862,117 shares valued at approximately $108.99 million.
• Analysts have a consensus rating of "Moderate Buy" for Omega Healthcare Investors, with a target price of $43.38, reflecting positive sentiment from several prominent financial institutions.
• Omega Healthcare recently declared a quarterly dividend of $0.67, translating to an annualized dividend yield of 6.3%, though it currently has a payout ratio of 165.43%.

AQR Capital Management LLC increased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 430.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,862,117 shares of the real estate investment trust's stock after acquiring an additional 2,322,878 shares during the quarter. AQR Capital Management LLC owned approximately 0.99% of Omega Healthcare Investors worth $108,989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OHI. Vanguard Group Inc. increased its holdings in 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 worth $1,506,250,000 after acquiring an additional 1,492,904 shares in the last quarter. Invesco Ltd. increased its holdings in 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 worth $92,023,000 after acquiring an additional 1,329,324 shares in the last quarter. Nuveen LLC purchased a new stake in Omega Healthcare Investors in the 1st quarter worth $42,513,000. Allspring Global Investments Holdings LLC boosted its stake in Omega Healthcare Investors by 556.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,028,187 shares of the real estate investment trust's stock worth $39,143,000 after purchasing an additional 871,472 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Omega Healthcare Investors by 163.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,371,945 shares of the real estate investment trust's stock worth $52,244,000 after purchasing an additional 851,299 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Insider Buying and Selling

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the company'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 transaction, the director owned 18,654 shares of the company's stock, valued at $749,144.64. This represents a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.

Omega Healthcare Investors Trading Down 1.2%

Shares of OHI stock traded down $0.53 on Tuesday, hitting $42.81. 1,430,174 shares of the stock traded hands, compared to its average volume of 2,361,483. The firm's 50-day moving average price is $39.77 and its two-hundred day moving average price is $38.09. 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 market capitalization of $12.63 billion, a PE ratio of 26.43, a PEG ratio of 2.26 and a beta of 0.71. 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 results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share 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 firm had revenue of $235.60 million for the quarter, compared to analysts' expectations of $248.49 million. During the same quarter in the previous year, the company posted $0.71 EPS. The company'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, analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on OHI. Truist Financial lifted their target price on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. Scotiabank lifted their target price on shares of 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. Royal Bank Of Canada lifted their target price on shares of 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. Wells Fargo & Company lifted their target price 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. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Omega Healthcare Investors currently has a consensus rating of "Moderate Buy" and an average target price of $43.38.

Omega Healthcare Investors Company 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.