Bank of New York Mellon Corp Purchases Shares of 5,772,439 Omega Healthcare Investors, Inc. $OHI

Bank of New York Mellon Corp acquired a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,772,439 shares of the real estate investment trust's stock, valued at approximately $275,230,000. Bank of New York Mellon Corp owned about 1.91% of Omega Healthcare Investors at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Resources Management Corp CT ADV boosted its holdings in shares of Omega Healthcare Investors by 300.0% in the 4th quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 450 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Omega Healthcare Investors by 40.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust's stock worth $34,000 after buying an additional 268 shares during the period. Ascentis Independent Advisors purchased a new position in shares of Omega Healthcare Investors in the 1st quarter worth $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Omega Healthcare Investors in the fourth quarter valued at $37,000. Finally, Rothschild Investment LLC boosted its holdings in Omega Healthcare Investors by 283.7% in the fourth quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 698 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OHI has been the topic of a number of research reports. Barclays started coverage on Omega Healthcare Investors in a report on Tuesday, July 7th. They issued an "underweight" rating and a $51.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of Omega Healthcare Investors from $47.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Monday, June 1st. UBS Group set a $47.00 price target on shares of Omega Healthcare Investors in a report on Thursday, June 18th. Truist Financial reduced their price target on shares of Omega Healthcare Investors from $48.00 to $46.00 and set a "hold" rating on the stock in a research report on Tuesday, June 9th. Finally, Cantor Fitzgerald boosted their price objective on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Omega Healthcare Investors presently has a consensus rating of "Hold" and an average price target of $49.21.

Omega Healthcare Investors Price Performance

Shares of OHI opened at $46.66 on Friday. The stock's 50-day moving average is $48.18 and its two-hundred day moving average is $46.99. The stock has a market cap of $14.14 billion, a PE ratio of 16.66, a P/E/G ratio of 1.89 and a beta of 0.57. Omega Healthcare Investors, Inc. has a 12 month low of $39.26 and a 12 month high of $52.39.

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

Omega Healthcare Investors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 5.8%. This is a boost from Omega Healthcare Investors's previous quarterly dividend of $0.67. The ex-dividend date was Monday, August 3rd. Omega Healthcare Investors's payout ratio is currently 97.14%.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company's core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.

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