Belpointe Asset Management LLC Acquires 5,896 Shares of Omega Healthcare Investors, Inc. $OHI

Key Points

• Belpointe Asset Management LLC increased its stake in Omega Healthcare Investors by 57.0%, owning 16,246 shares valued at $619,000 after purchasing an additional 5,896 shares in the first quarter.
• Omega Healthcare Investors reported an EPS of $0.77 for the last quarter, exceeding analysts' expectations of $0.45, with a revenue of $235.60 million, up 11.8% from the previous year.
• A quarterly dividend of $0.67 per share was declared, resulting in a 6.3% yield, with a payout ratio currently at 165.43%.

Belpointe Asset Management LLC lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 57.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,246 shares of the real estate investment trust's stock after purchasing an additional 5,896 shares during the period. Belpointe Asset Management LLC's holdings in Omega Healthcare Investors were worth $619,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted 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 worth $1,506,250,000 after purchasing an additional 1,492,904 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Omega Healthcare Investors by 2.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,100,891 shares of the real estate investment trust's stock worth $156,162,000 after purchasing an additional 114,665 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Omega Healthcare Investors by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,058,107 shares of the real estate investment trust's stock worth $154,533,000 after purchasing an additional 165,554 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Omega Healthcare Investors by 6.4% in the 1st quarter. Bank of New York Mellon Corp now owns 3,123,152 shares of the real estate investment trust's stock worth $118,930,000 after purchasing an additional 188,481 shares during the period. Finally, AQR Capital Management LLC lifted 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 worth $108,989,000 after purchasing an additional 2,322,878 shares during the period. Institutional investors own 65.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on OHI shares. Mizuho increased their price objective on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Truist Financial raised 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. Royal Bank Of Canada raised 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. Scotiabank raised 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. Finally, Wells Fargo & Company raised 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. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Omega Healthcare Investors has a consensus rating of "Moderate Buy" and an average target price of $43.75.

Insider Transactions at Omega Healthcare Investors

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of the firm's 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 trade represents a 11.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Omega Healthcare Investors Price Performance

Shares of OHI stock traded up $0.14 on Thursday, reaching $41.77. The company's stock had a trading volume of 1,601,608 shares, compared to its average volume of 1,599,532. The stock's fifty day simple moving average is $40.70 and its 200-day simple moving average is $38.37. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $44.42. 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 has a market capitalization of $12.32 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 2.18 and a beta of 0.71.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $248.49 million. During the same period last year, the firm posted $0.71 earnings per share. Omega Healthcare Investors's revenue for the quarter 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. Analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were given a $0.67 dividend. The ex-dividend date was Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a yield of 6.4%. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 165.43%.

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.