BlackRock Inc. Invests $1.84 Billion in Omega Healthcare Investors, Inc. $OHI

Key Points

• BlackRock acquired a $1.84 billion stake in Omega Healthcare Investors during the second quarter, purchasing 38.6 million shares and becoming the owner of approximately 12.72% of OHI. Institutional investors and hedge funds collectively hold 65.25% of the stock.
• Omega reported stronger-than-expected quarterly results, with $1.19 in EPS and $328.25 million in revenue, up 16.2% year over year. Analysts have a consensus “Hold” rating and an average price target of $49.21.
• OHI increased its quarterly dividend to $0.68 per share, or $2.72 annualized, representing a 5.8% yield; the stock recently opened at $46.94.

BlackRock Inc. bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,551,916 shares of the real estate investment trust's stock, valued at approximately $1,838,155,000. BlackRock Inc. owned 12.72% of Omega Healthcare Investors as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of OHI. Dunhill Financial LLC acquired a new position in shares of Omega Healthcare Investors during the second quarter worth approximately $50,000. Pallas Capital Advisors LLC acquired a new position in shares of Omega Healthcare Investors during the 2nd quarter worth about $453,000. Deutsche Bank AG acquired a new position in Omega Healthcare Investors during the second quarter valued at approximately $11,521,000. Perigon Wealth Management LLC acquired a new stake in Omega Healthcare Investors in the second quarter worth $355,000. Finally, Principle Wealth Partners LLC bought a new position in shares of Omega Healthcare Investors during the second quarter worth $247,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OHI has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price target on shares of Omega Healthcare Investors from $47.00 to $48.00 and gave the company a "sector perform" rating in a report on Monday, May 4th. UBS Group set a $47.00 target price on Omega Healthcare Investors in a report on Thursday, June 18th. Cantor Fitzgerald boosted their target price on Omega Healthcare Investors from $52.00 to $56.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Wells Fargo & Company increased their price target on Omega Healthcare Investors from $47.00 to $49.00 and gave the stock an "equal weight" rating in a report on Monday, June 1st. Finally, Barclays initiated coverage on Omega Healthcare Investors in a research report on Tuesday, July 7th. They set an "underweight" rating and a $51.00 price target on the stock. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $49.21.

Omega Healthcare Investors Trading Up 1.1%

OHI opened at $46.94 on Thursday. The stock has a market capitalization of $14.22 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.88 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. The firm's fifty day simple moving average is $48.13 and its 200 day simple moving average is $46.98.

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

Omega Healthcare Investors Increases Dividend

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

Omega Healthcare Investors Profile

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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