Jones Financial Companies Lllp Raises Stake in Omega Healthcare Investors, Inc. $OHI

Key Points

• Jones Financial Companies Lllp increased its stake in Omega Healthcare Investors by an impressive 2,419.5%, now owning over 241,000 shares worth approximately $9.19 million.
• Several analysts have upgraded their price targets for Omega Healthcare Investors, with Wells Fargo & Company raising their target from $41.00 to $44.00, reflecting a strong market sentiment towards the stock.
• The recent quarterly dividend announced by Omega Healthcare Investors is $0.67 per share, yielding 6.2%, indicating a commitment to returning value to shareholders despite a payout ratio of 165.43%.

Jones Financial Companies Lllp raised its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 2,419.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,322 shares of the real estate investment trust's stock after purchasing an additional 231,744 shares during the period. Jones Financial Companies Lllp owned 0.08% of Omega Healthcare Investors worth $9,190,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Omega Healthcare Investors by 3.9% during the first quarter. Vanguard Group Inc. now owns 39,554,886 shares of the real estate investment trust's stock valued at $1,506,250,000 after purchasing an additional 1,492,904 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Omega Healthcare Investors by 2.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,100,891 shares of the real estate investment trust's stock valued at $156,162,000 after purchasing an additional 114,665 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Omega Healthcare Investors by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,058,107 shares of the real estate investment trust's stock valued at $154,533,000 after purchasing an additional 165,554 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Omega Healthcare Investors by 6.4% in the first quarter. Bank of New York Mellon Corp now owns 3,123,152 shares of the real estate investment trust's stock valued at $118,930,000 after buying an additional 188,481 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Omega Healthcare Investors by 430.8% in the first quarter. AQR Capital Management LLC now owns 2,862,117 shares of the real estate investment trust's stock valued at $108,989,000 after buying an additional 2,322,878 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Trading Down 0.0%

Shares of OHI traded down $0.01 during trading on Friday, reaching $42.49. 1,550,013 shares of the company traded hands, compared to its average volume of 1,686,146. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $44.42. The stock has a market cap of $12.53 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.23 and a beta of 0.71. The stock has a 50-day simple moving average of $40.26 and a 200-day simple moving average of $38.23. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.96.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate of $0.45 by $0.32. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The business had revenue of $235.60 million during the quarter, compared to analyst estimates of $248.49 million. During the same quarter last year, the firm posted $0.71 earnings per share. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. On average, analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were paid a $0.67 dividend. 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 presently 165.43%.

Insider Activity at Omega Healthcare Investors

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director owned 18,654 shares of the company's stock, valued at approximately $749,144.64. This trade represents a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

OHI has been the subject of a number of recent research reports. Royal Bank Of Canada increased their target price on shares of 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. Scotiabank increased their target price on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Raymond James Financial reiterated an "outperform" rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Wells Fargo & Company increased 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 report on Wednesday, August 27th. Finally, Truist Financial raised their price objective 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. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.75.

About Omega Healthcare Investors

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.