Bank of America Corp DE Acquires Shares of 2,891,700 Omega Healthcare Investors, Inc. $OHI

Key Points

• Bank of America acquired 2.89 million Omega Healthcare Investors shares during the second quarter, worth approximately $137.9 million and representing about 0.95% of the REIT.
• Institutional investors and hedge funds own 65.25% of OHI, while several other firms—including Jupiter Topco, HSBC Holdings, and Caisse de dépôt et placement du Québec—also established new positions.
• Analysts maintain a consensus “Hold” rating with an average price target of $49.50. Omega raised its quarterly dividend to $0.68, equal to a 5.7% annualized yield, after reporting quarterly earnings and revenue above expectations.

Bank of America Corp DE bought a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,891,700 shares of the real estate investment trust's stock, valued at approximately $137,876,000. Bank of America Corp DE owned about 0.95% of Omega Healthcare Investors as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Strategic Global Advisors LLC bought a new position in Omega Healthcare Investors during the second quarter worth $1,184,000. Caisse de depot et placement du Quebec acquired a new position in Omega Healthcare Investors in the second quarter worth $19,778,000. Invst LLC bought a new stake in Omega Healthcare Investors during the second quarter valued at $695,000. Jupiter Topco LLC bought a new stake in Omega Healthcare Investors during the second quarter valued at $50,271,000. Finally, Hsbc Holdings PLC bought a new stake in Omega Healthcare Investors during the second quarter valued at $44,398,000. Institutional investors and hedge funds own 65.25% of the company's stock.

Analysts Set New Price Targets

OHI has been the topic of a number of recent research reports. Cantor Fitzgerald raised their price target on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. UBS Group set a $47.00 price objective on shares of Omega Healthcare Investors in a research report on Thursday, June 18th. Citigroup increased their price objective on shares of Omega Healthcare Investors from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Omega Healthcare Investors from a "buy (b)" rating to a "buy (b+)" rating in a report on Tuesday, June 30th. Finally, Raymond James Financial initiated coverage on Omega Healthcare Investors in a research note on Tuesday, June 16th. They issued an "outperform" rating and a $50.00 target price for the company. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $49.50.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $47.38 on Friday. The firm has a fifty day moving average of $47.99 and a 200-day moving average of $47.08. The company has a market cap of $14.36 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.90 and a beta of 0.58. Omega Healthcare Investors, Inc. has a 1 year low of $39.26 and a 1 year high of $52.39.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.68. The business had revenue of $328.25 million for the quarter, compared to analysts' expectations of $266.97 million. Omega Healthcare Investors had a net margin of 66.96% and a return on equity of 15.76%. The company's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. Analysts predict that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current year.

Omega Healthcare Investors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a $0.68 dividend. This is a positive change from Omega Healthcare Investors's previous quarterly dividend of $0.67. The ex-dividend date was Monday, August 3rd. This represents a $2.72 annualized dividend and a yield of 5.7%. Omega Healthcare Investors's payout ratio is currently 97.14%.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc NYSE: OHI is a real estate investment trust focused on the healthcare sector. The company owns and leases healthcare-related real estate, with an emphasis on facilities that provide long-term and post-acute care.

Omega's portfolio is primarily made up of skilled nursing facilities and assisted living facilities. It generally leases these properties to healthcare operators under long-term, often triple-net lease arrangements, under which tenants are typically responsible for property-level expenses such as maintenance, insurance and taxes.

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