Citigroup Inc. Raises Stock Holdings in Omega Healthcare Investors, Inc. $OHI

Key Points

• Citigroup Inc. increased its stock holdings in Omega Healthcare Investors by 38.6%, owning a total of 293,449 shares valued at approximately $11.18 million after acquiring additional shares during the first quarter.
• Omega Healthcare Investors reported a quarterly earnings of $0.77 per share, exceeding analyst estimates of $0.45, and showed an 11.8% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.67 per share, representing a 6.5% dividend yield with a payout ratio of 165.43%.

Citigroup Inc. raised its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 38.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 293,449 shares of the real estate investment trust's stock after buying an additional 81,705 shares during the period. Citigroup Inc. owned about 0.10% of Omega Healthcare Investors worth $11,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swiss National Bank boosted its holdings in Omega Healthcare Investors by 3.1% during the 1st quarter. Swiss National Bank now owns 523,000 shares of the real estate investment trust's stock valued at $19,916,000 after acquiring an additional 15,900 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Omega Healthcare Investors by 9.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 194,888 shares of the real estate investment trust's stock valued at $7,421,000 after purchasing an additional 16,247 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of Omega Healthcare Investors by 73.2% during the first quarter. Ontario Teachers Pension Plan Board now owns 67,919 shares of the real estate investment trust's stock valued at $2,586,000 after purchasing an additional 28,701 shares during the period. Deutsche Bank AG boosted its stake in shares of Omega Healthcare Investors by 362.2% during the first quarter. Deutsche Bank AG now owns 1,070,805 shares of the real estate investment trust's stock valued at $40,776,000 after purchasing an additional 839,111 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Omega Healthcare Investors by 2.9% in the first 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 last quarter. 65.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were 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 SEC, which is available at this link. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on OHI. Royal Bank Of Canada upped their price target on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $38.00 to $41.00 in a research note on Monday, July 14th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Omega Healthcare Investors has a consensus rating of "Hold" and a consensus price target of $42.00.

Omega Healthcare Investors Trading Up 1.2%

Shares of Omega Healthcare Investors stock traded up $0.4950 during midday trading on Thursday, reaching $42.3350. 1,400,953 shares of the company's stock traded hands, compared to its average volume of 2,301,142. The stock has a 50 day moving average of $38.40 and a 200-day moving average of $37.58. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $44.42. The company has a market cap of $12.49 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) 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 business had revenue of $235.60 million for the quarter, compared to the consensus estimate of $248.49 million. During the same period in the previous year, the firm earned $0.71 EPS. The company's quarterly revenue 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. As a group, equities analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS 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 paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Monday, August 4th. Omega Healthcare Investors's dividend payout ratio is presently 165.43%.

Omega Healthcare Investors 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.