Omega Healthcare Investors, Inc. $OHI Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its holdings in Omega Healthcare Investors by 163.5%, acquiring an additional 851,299 shares, bringing its total ownership to approximately 1.37 million shares valued at $52.2 million.
• Several institutional investors have also modified their positions in Omega Healthcare Investors, with notable increases from UMB Bank and CoreCap Advisors, collectively increasing the institutional ownership to 65.25% of the company.
• Analysts have recently raised price targets for Omega Healthcare Investors, with the average target now at $42.43, reflecting a consensus rating of "Moderate Buy."

Caisse DE Depot ET Placement DU Quebec grew its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 163.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,371,945 shares of the real estate investment trust's stock after buying an additional 851,299 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.47% of Omega Healthcare Investors worth $52,244,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of OHI. NBC Securities Inc. purchased a new position in Omega Healthcare Investors in the 1st quarter valued at approximately $29,000. Dunhill Financial LLC increased its stake in Omega Healthcare Investors by 97.9% in the 4th quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 750 shares in the last quarter. CoreCap Advisors LLC increased its stake in Omega Healthcare Investors by 177.3% in the 4th quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 1,009 shares in the last quarter. Park Square Financial Group LLC purchased a new position in Omega Healthcare Investors in the 4th quarter valued at approximately $61,000. Finally, UMB Bank n.a. increased its stake in Omega Healthcare Investors by 94.9% in the 1st quarter. UMB Bank n.a. now owns 2,175 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 1,059 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OHI has been the subject of several research analyst reports. Royal Bank Of Canada raised their price objective on Omega Healthcare Investors from $39.00 to $41.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Wells Fargo & Company raised their price target on Omega Healthcare Investors from $41.00 to $44.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Scotiabank raised their price target on Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a "sector perform" rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $42.75.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock traded up $0.33 during mid-day trading on Friday, hitting $42.53. 1,771,023 shares of the company were exchanged, compared to its average volume of 2,224,091. The company has a market capitalization of $12.55 billion, a P/E ratio of 26.25, a PEG ratio of 2.26 and a beta of 0.66. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $44.42. The business's 50 day simple moving average is $39.06 and its two-hundred day simple moving average is $37.79.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.32. The business had revenue of $235.60 million during the quarter, compared to the consensus estimate of $248.49 million. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend yield of 6.3%. Omega Healthcare Investors's payout ratio is currently 165.43%.

Insider Activity at Omega Healthcare Investors

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of Omega Healthcare Investors 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 owned 18,654 shares of the company's stock, valued at $749,144.64. The trade was a 11.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

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.