Intech Investment Management LLC Has $2.94 Million Stake in Omega Healthcare Investors, Inc. $OHI

Key Points

• Intech Investment Management LLC increased its stake in Omega Healthcare Investors, Inc. by 58.2%, holding $2.94 million worth of shares as of its latest SEC filing.
• Analyst ratings for Omega Healthcare Investors range from Buy to Hold, with a consensus rating of "Moderate Buy" and an average target price of $43.75.
• The company declared a quarterly dividend of $0.67, reflecting a 6.3% yield with a high dividend payout ratio of 165.43%.

Intech Investment Management LLC raised its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 58.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,107 shares of the real estate investment trust's stock after buying an additional 28,364 shares during the quarter. Intech Investment Management LLC's holdings in Omega Healthcare Investors were worth $2,936,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of OHI. Cresset Asset Management LLC bought a new stake in Omega Healthcare Investors in the 4th quarter valued at $201,000. Janus Henderson Group PLC increased its position in shares of Omega Healthcare Investors by 14.8% during the 4th quarter. Janus Henderson Group PLC now owns 217,234 shares of the real estate investment trust's stock worth $8,226,000 after purchasing an additional 27,991 shares in the last quarter. Millennium Management LLC increased its position in shares of Omega Healthcare Investors by 573.6% during the 4th quarter. Millennium Management LLC now owns 272,946 shares of the real estate investment trust's stock worth $10,331,000 after purchasing an additional 232,424 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of Omega Healthcare Investors by 8.3% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 39,116 shares of the real estate investment trust's stock worth $1,475,000 after purchasing an additional 2,982 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Omega Healthcare Investors by 40.1% during the 4th quarter. Quantinno Capital Management LP now owns 149,209 shares of the real estate investment trust's stock worth $5,648,000 after purchasing an additional 42,745 shares in the last quarter. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Down 0.7%

OHI traded down $0.29 during trading on Friday, reaching $41.45. The company had a trading volume of 3,555,570 shares, compared to its average volume of 1,609,561. 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, Inc. has a 12 month low of $35.04 and a 12 month high of $44.42. The business's fifty day moving average price is $40.78 and its 200 day moving average price is $38.40. The company has a market cap of $12.23 billion, a P/E ratio of 25.58, a PEG ratio of 2.19 and a beta of 0.71.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.32. The business had revenue of $235.60 million for the quarter, compared to analyst estimates of $248.49 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. 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. Equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, August 4th. Omega Healthcare Investors's payout ratio is currently 165.43%.

Analysts Set New Price Targets

A number of equities research analysts have commented on OHI shares. Scotiabank increased their price objective on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Wells Fargo & Company raised their target price on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Mizuho boosted their price objective on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. Raymond James Financial restated an "outperform" rating on shares of Omega Healthcare Investors in a report on Tuesday, September 2nd. Finally, Royal Bank Of Canada lifted their price target 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. Five equities 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 company currently has an average rating of "Moderate Buy" and a consensus target price of $43.75.

Insider Activity at Omega Healthcare Investors

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business's stock in a transaction on 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 of the company's stock, valued at $749,144.64. The trade was a 11.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

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.