California State Teachers Retirement System Boosts Stock Holdings in Omega Healthcare Investors, Inc. $OHI

Key Points

• California State Teachers Retirement System increased its Omega Healthcare Investors stake by 4,652.4% in the second quarter, adding 16.1 million shares and bringing its ownership to 5.42%, valued at approximately $783.7 million.
• Omega reported quarterly EPS of $1.19, exceeding the $0.51 analyst consensus, while revenue rose 16.2% year over year to $328.25 million. The company also raised its quarterly dividend to $0.68 per share, representing a 5.8% annualized yield.
• Analyst sentiment remains mixed, with six Buy, seven Hold, and two Sell ratings; the stock has an overall “Hold” consensus and an average price target of $49.50, compared with a recent price of $46.97.

California State Teachers Retirement System boosted its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 4,652.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,435,725 shares of the real estate investment trust's stock after purchasing an additional 16,089,882 shares during the quarter. California State Teachers Retirement System owned approximately 5.42% of Omega Healthcare Investors worth $783,655,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Resources Management Corp CT ADV lifted its position in shares of Omega Healthcare Investors by 300.0% during the 4th quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 450 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Omega Healthcare Investors by 40.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 268 shares in the last quarter. Ascentis Independent Advisors purchased a new position in shares of Omega Healthcare Investors in the 1st quarter valued at about $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Omega Healthcare Investors in the 4th quarter valued at about $37,000. Finally, Rothschild Investment LLC lifted its stake in Omega Healthcare Investors by 283.7% during the fourth quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 698 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Stock Performance

Shares of NYSE OHI opened at $46.97 on Monday. The firm has a market capitalization of $14.23 billion, a P/E ratio of 16.78, a PEG ratio of 1.90 and a beta of 0.58. Omega Healthcare Investors, Inc. has a one year low of $39.26 and a one year high of $52.39. The company's fifty day moving average is $48.15 and its two-hundred day moving average is $47.09.

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 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.68. Omega Healthcare Investors had a net margin of 66.96% and a return on equity of 15.76%. The firm had revenue of $328.25 million for the quarter, compared to the consensus estimate of $266.97 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The firm's revenue was up 16.2% on a year-over-year basis. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. On average, sell-side analysts forecast that Omega Healthcare Investors, Inc. will post 3.12 earnings per share for the current fiscal year.

Omega Healthcare Investors Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on OHI. Weiss Ratings raised Omega Healthcare Investors from a "buy (b)" rating to a "buy (b+)" rating in a report on Tuesday, June 30th. Scotiabank dropped their price target on Omega Healthcare Investors from $50.00 to $47.00 and set a "sector perform" rating on the stock in a research note on Thursday, June 18th. Truist Financial cut their price target on 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. Citigroup boosted their price objective on Omega Healthcare Investors from $52.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Finally, UBS Group set a $47.00 price objective on Omega Healthcare Investors in a report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $49.50.

About Omega Healthcare Investors

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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