Greenland Capital Management LP Buys Shares of 165,000 Omega Healthcare Investors, Inc. $OHI

Key Points

• Greenland Capital Management acquired 165,000 shares of Omega Healthcare Investors in the second quarter, valued at approximately $7.9 million. Institutional investors collectively own 65.25% of OHI.
• Analyst sentiment remains mixed, with six Buy, seven Hold, and two Sell ratings; MarketBeat’s consensus rating is Hold with a $49.21 price target.
• Omega raised its quarterly dividend to $0.68 per share, equivalent to a 5.8% annualized yield. Its latest quarterly earnings and revenue exceeded analyst expectations, with revenue up 16.2% year over year.

Greenland Capital Management LP purchased 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 SEC. The institutional investor purchased 165,000 shares of the real estate investment trust's stock, valued at approximately $7,867,000. Omega Healthcare Investors comprises about 1.0% of Greenland Capital Management LP's portfolio, making the stock its 22nd biggest position. Greenland Capital Management LP owned 0.05% of Omega Healthcare Investors at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in OHI. BlackRock Inc. bought a new stake in shares of Omega Healthcare Investors in the second quarter worth $1,838,155,000. State Street Corp grew its position in Omega Healthcare Investors by 4.8% in the second quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust's stock valued at $534,792,000 after purchasing an additional 671,473 shares in the last quarter. Geode Capital Management LLC grew its position in Omega Healthcare Investors by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 8,515,924 shares of the real estate investment trust's stock valued at $377,648,000 after purchasing an additional 734,774 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Omega Healthcare Investors in the second quarter valued at $275,230,000. Finally, Invesco Ltd. increased its stake in Omega Healthcare Investors by 8.6% in the 4th quarter. Invesco Ltd. now owns 5,368,945 shares of the real estate investment trust's stock valued at $238,059,000 after buying an additional 424,024 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Omega Healthcare Investors from $47.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Monday, June 1st. Weiss Ratings upgraded Omega Healthcare Investors from a "buy (b)" rating to a "buy (b+)" rating in a report on Tuesday, June 30th. Scotiabank lowered their target price on Omega Healthcare Investors from $50.00 to $47.00 and set a "sector perform" rating on the stock in a research report on Thursday, June 18th. Cantor Fitzgerald upped their target price on Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada increased their price target on Omega Healthcare Investors from $47.00 to $48.00 and gave the company a "sector perform" rating in a research report on Monday, May 4th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Omega Healthcare Investors presently has a consensus rating of "Hold" and a consensus target price of $49.21.

Omega Healthcare Investors Trading Down 0.2%

OHI stock opened at $46.66 on Friday. Omega Healthcare Investors, Inc. has a 1-year low of $39.26 and a 1-year high of $52.39. The business's 50 day simple moving average is $48.18 and its 200 day simple moving average is $46.99. The firm has a market capitalization of $14.14 billion, a PE ratio of 16.66, a PEG ratio of 1.89 and a beta of 0.57.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.68. The firm had revenue of $328.25 million during the quarter, compared to analysts' expectations of $266.97 million. Omega Healthcare Investors had a net margin of 66.96% and a return on equity of 15.76%. The company's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. As a group, sell-side analysts predict that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current fiscal year.

Omega Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a $0.68 dividend. This is an increase from Omega Healthcare Investors's previous quarterly dividend of $0.67. The ex-dividend date was Monday, August 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 5.8%. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 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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