HighTower Advisors LLC Trims Stock Holdings in Omega Healthcare Investors, Inc. $OHI

Key Points

• HighTower Advisors LLC has decreased its stake in Omega Healthcare Investors, Inc. by 14.9%, now holding shares valued at $2.10 million.
• Omega Healthcare Investors reported $0.77 earnings per share, significantly above the consensus estimate of $0.45, along with a quarterly revenue of $235.60 million.
• The company announced a quarterly dividend of $0.67 per share, representing a yield of 6.4%, with a payout ratio currently at 165.43%.

HighTower Advisors LLC lessened its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 14.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,169 shares of the real estate investment trust's stock after selling 9,691 shares during the period. HighTower Advisors LLC's holdings in Omega Healthcare Investors were worth $2,101,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Omega Healthcare Investors during the first quarter valued at about $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 acquiring 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 acquiring an additional 1,009 shares during the period. Park Square Financial Group LLC purchased a new stake in Omega Healthcare Investors during the fourth quarter valued at about $61,000. Finally, UMB Bank n.a. grew its position in Omega Healthcare Investors by 94.9% during 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 acquiring an additional 1,059 shares during the period. Hedge funds and other institutional investors own 65.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OHI. Royal Bank Of Canada boosted their price target on Omega Healthcare Investors from $39.00 to $41.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Wells Fargo & Company upped their target price on Omega Healthcare Investors from $41.00 to $44.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Scotiabank upped their target price on Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a "sector perform" rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Omega Healthcare Investors presently has an average rating of "Hold" and an average target price of $42.75.

Insider Buying and Selling

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $40.16, for a total value of $100,400.00. Following the completion of the transaction, the director 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 link. Corporate insiders own 1.50% of the company's stock.

Omega Healthcare Investors Stock Up 0.1%

Shares of NYSE OHI traded up $0.04 on Friday, hitting $42.24. The company had a trading volume of 204,302 shares, compared to its average volume of 2,377,331. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $44.42. The business has a 50 day moving average of $38.95 and a two-hundred day moving average of $37.73. 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 firm has a market capitalization of $12.46 billion, a P/E ratio of 26.05, a PEG ratio of 2.26 and a beta of 0.66.

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 EPS for the quarter, topping the consensus estimate of $0.45 by $0.32. The business had revenue of $235.60 million for 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 company's revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. As a group, equities research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a yield of 6.3%. Omega Healthcare Investors's dividend payout ratio is currently 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.