Everstar Asset Management LLC Grows Position in Omega Healthcare Investors, Inc. $OHI

Key Points

• Everstar Asset Management LLC increased its stake in Omega Healthcare Investors by 58.2%, acquiring an additional 7,552 shares, bringing its total holdings to 20,529 shares valued at $782,000.
• Omega Healthcare Investors reported a 12-month high of $44.42 and a low of $35.04, with a current share price of $43.09 and a dividend yield of 6.2% following a recent quarterly dividend announcement.
• Research analysts have raised their price targets for Omega Healthcare Investors, with predictions ranging from $41.00 to $44.00, reflecting an overall consensus rating of "Moderate Buy."

Everstar Asset Management LLC lifted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 58.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 20,529 shares of the real estate investment trust's stock after buying an additional 7,552 shares during the period. Everstar Asset Management LLC's holdings in Omega Healthcare Investors were worth $782,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OHI. NBC Securities Inc. acquired a new position in Omega Healthcare Investors during the first quarter worth approximately $29,000. CoreCap Advisors LLC raised its holdings in shares of 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 worth $60,000 after purchasing an additional 1,009 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter worth $61,000. UMB Bank n.a. increased its holdings in shares of Omega Healthcare Investors by 94.9% in the 1st quarter. UMB Bank n.a. now owns 2,175 shares of the real estate investment trust's stock worth $83,000 after acquiring an additional 1,059 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in shares of Omega Healthcare Investors by 1,581.3% in the 1st quarter. Meeder Asset Management Inc. now owns 2,522 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 2,372 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Price Performance

NYSE OHI traded down $0.01 during trading on Friday, hitting $42.49. 1,550,013 shares of the company's stock were exchanged, compared to its average volume of 1,686,146. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96. The company has a market cap of $12.53 billion, a PE ratio of 26.23, a P/E/G ratio of 2.23 and a beta of 0.71. Omega Healthcare Investors, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $44.42. The stock's 50 day moving average price is $40.26 and its two-hundred day moving average price is $38.24.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.32. The company had revenue of $235.60 million during the quarter, compared to the consensus estimate 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 revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. Research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 6.3%. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 165.43%.

Insiders Place Their Bets

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of Omega Healthcare Investors stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $40.16, for a total transaction of $100,400.00. Following the completion of the transaction, the director owned 18,654 shares of the company's stock, valued at $749,144.64. The trade was a 11.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

OHI has been the subject of a number of analyst reports. Raymond James Financial reiterated an "outperform" rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd. Truist Financial upped their price target on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. Wells Fargo & Company boosted their price objective on Omega Healthcare Investors from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Scotiabank increased their target price on Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Finally, Mizuho increased their price objective on Omega Healthcare Investors from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.75.

Omega Healthcare Investors Company 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.