7,927 Shares in Omega Healthcare Investors, Inc. $OHI Purchased by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. has invested approximately $302,000 in Omega Healthcare Investors, buying 7,927 shares of the real estate investment trust.
• Several institutional investors have increased their stakes in Omega Healthcare, with NewEdge Advisors LLC raising its holding by 21.5% and First Trust Advisors LP by 36.3% during the fourth quarter.
• Omega Healthcare Investors announced a quarterly dividend of $0.67, which gives an annualized yield of 6.5% but comes with a payout ratio of 165.43%.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 7,927 shares of the real estate investment trust's stock, valued at approximately $302,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. bought a new stake in shares of Omega Healthcare Investors in the 1st quarter worth $29,000. Dunhill Financial LLC grew its position in Omega Healthcare Investors by 97.9% during the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 750 shares during the period. CoreCap Advisors LLC grew its position in Omega Healthcare Investors by 177.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 1,009 shares during the period. Park Square Financial Group LLC bought a new position in Omega Healthcare Investors during the fourth quarter worth about $61,000. Finally, UMB Bank n.a. raised its position in shares of Omega Healthcare Investors by 94.9% in the first 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 during the period. Institutional investors own 65.25% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of 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 upgraded shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $38.00 to $41.00 in a research report on Monday, July 14th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $42.00.

Insiders Place Their Bets

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the company'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 sale, the director owned 18,654 shares in the company, valued at approximately $749,144.64. This represents a 11.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company's stock.

Omega Healthcare Investors Trading Up 0.1%

NYSE:OHI traded up $0.0380 during trading hours on Monday, hitting $42.2980. The company had a trading volume of 186,551 shares, compared to its average volume of 2,388,699. The company has a market capitalization of $12.48 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.24 and a beta of 0.66. The stock has a 50-day moving average price of $38.50 and a 200 day moving average price of $37.60. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $44.42. 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 (NYSE:OHI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $248.49 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. The firm's revenue for the quarter 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. On average, equities research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS 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. Shareholders of record on Monday, August 4th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Monday, August 4th. Omega Healthcare Investors's dividend payout ratio is 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.