Canada Pension Plan Investment Board Invests $10.21 Million in Omega Healthcare Investors, Inc. $OHI

Key Points

• Canada Pension Plan Investment Board acquired 214,200 shares of Omega Healthcare Investors, valued at approximately $10.21 million, giving it a 0.07% stake. Institutional investors collectively own 65.25% of the REIT.
• Omega reported quarterly earnings of $1.19 per share, well above the $0.51 consensus estimate, while revenue rose 16.2% year over year to $328.25 million.
• The company raised its quarterly dividend to $0.68 per share, or $2.72 annually, representing a 5.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $49.21.

Canada Pension Plan Investment Board bought a new position 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 (SEC). The fund bought 214,200 shares of the real estate investment trust's stock, valued at approximately $10,213,000. Canada Pension Plan Investment Board owned 0.07% of Omega Healthcare Investors as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Resources Management Corp CT ADV raised its position in 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 buying an additional 450 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Omega Healthcare Investors by 40.9% in the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 268 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in Omega Healthcare Investors during the 1st quarter worth about $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Omega Healthcare Investors during the 4th quarter worth about $37,000. Finally, Rothschild Investment LLC raised its stake in shares of Omega Healthcare Investors by 283.7% during the 4th quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 698 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group set a $47.00 target price on shares of Omega Healthcare Investors in a report on Thursday, June 18th. Weiss Ratings raised Omega Healthcare Investors from a "buy (b)" rating to a "buy (b+)" rating in a research note on Tuesday, June 30th. Truist Financial decreased their target price 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. Royal Bank Of Canada lifted 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 research note on Monday, May 4th. Finally, Cantor Fitzgerald boosted their price target on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Six investment 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 data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of "Hold" and an average target price of $49.21.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock opened at $45.96 on Friday. The business has a 50 day simple moving average of $48.35 and a two-hundred day simple moving average of $47.09. Omega Healthcare Investors, Inc. has a 12 month low of $39.26 and a 12 month high of $52.39. The stock has a market capitalization of $13.93 billion, a P/E ratio of 16.41, a PEG ratio of 1.86 and a beta of 0.57.

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 for the quarter, beating 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 business had revenue of $328.25 million for the quarter, compared to the consensus estimate of $266.97 million. During the same quarter last year, the business posted $0.77 earnings per share. The business's quarterly 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. As a group, research analysts anticipate 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. Shareholders of record on Monday, August 3rd were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, August 3rd. This is an increase from Omega Healthcare Investors's previous quarterly dividend of $0.67. Omega Healthcare Investors's payout ratio is 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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