Element Capital Management LLC Makes New Investment in Omega Healthcare Investors, Inc. $OHI

Key Points

• Element Capital Management LLC has acquired a new stake in Omega Healthcare Investors, Inc. valued at approximately $2.76 million, purchasing 72,351 shares in the first quarter.
• Omega Healthcare reported earnings of $0.77 per share for the last quarter, exceeding analysts' expectations and showing an 11.8% increase in revenue compared to the same period last year.
• The company declared a quarterly dividend of $0.67 per share, representing a 6.6% yield and a payout ratio of 165.43%.

Element Capital Management LLC purchased a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 72,351 shares of the real estate investment trust's stock, valued at approximately $2,755,000.

A number of other institutional investors have also modified their holdings of OHI. Envestnet Asset Management Inc. increased its position in shares of Omega Healthcare Investors by 12.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 290,576 shares of the real estate investment trust's stock worth $10,998,000 after acquiring an additional 32,721 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Omega Healthcare Investors during the fourth quarter worth approximately $20,058,000. Bessemer Group Inc. increased its position in shares of Omega Healthcare Investors by 5.9% during the fourth quarter. Bessemer Group Inc. now owns 5,443 shares of the real estate investment trust's stock worth $207,000 after acquiring an additional 303 shares during the period. Sagespring Wealth Partners LLC purchased a new position in shares of Omega Healthcare Investors during the fourth quarter worth approximately $206,000. Finally, Mariner LLC increased its position in shares of Omega Healthcare Investors by 1.9% during the fourth quarter. Mariner LLC now owns 171,617 shares of the real estate investment trust's stock worth $6,496,000 after acquiring an additional 3,186 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Omega Healthcare Investors Stock Up 1.3%

Shares of NYSE OHI traded up $0.5560 during mid-day trading on Wednesday, reaching $41.8260. 2,364,051 shares of the company were exchanged, compared to its average volume of 2,269,924. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.96. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 2.85 and a beta of 0.66. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $44.42. The firm has a 50-day moving average of $38.29 and a 200 day moving average of $37.55.

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 for the quarter, topping analysts' consensus estimates of $0.45 by $0.32. The firm had revenue of $235.60 million during the quarter, compared to analysts' expectations of $248.49 million. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The firm's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. On average, research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were given a dividend of $0.67 per share. 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 6.4%. Omega Healthcare Investors's dividend payout ratio is presently 165.43%.

Insider Activity

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $40.16, for a total transaction of $100,400.00. Following the transaction, the director directly owned 18,654 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

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.