Kestra Advisory Services LLC Buys 16,382 Shares of Omega Healthcare Investors, Inc. $OHI

Key Points

• Kestra Advisory Services LLC increased its stake in Omega Healthcare Investors, Inc. by 16.1%, now holding over $4.5 million in shares.
• The company reported an EPS of $0.77 for the last quarter, exceeding expectations by $0.32, with revenue of $235.60 million.
• Omega Healthcare Investors recently announced a quarterly dividend of $0.67, representing a 6.4% yield for shareholders.

Kestra Advisory Services LLC grew its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 16.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,361 shares of the real estate investment trust's stock after acquiring an additional 16,382 shares during the quarter. Kestra Advisory Services LLC's holdings in Omega Healthcare Investors were worth $4,507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Omega Healthcare Investors by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 39,554,886 shares of the real estate investment trust's stock worth $1,506,250,000 after buying an additional 1,492,904 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Omega Healthcare Investors by 2.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,100,891 shares of the real estate investment trust's stock worth $156,162,000 after buying an additional 114,665 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Omega Healthcare Investors by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,058,107 shares of the real estate investment trust's stock worth $154,533,000 after buying an additional 165,554 shares in the last quarter. Northern Trust Corp increased its holdings in Omega Healthcare Investors by 49.4% in the 4th quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock worth $123,951,000 after buying an additional 1,083,326 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Omega Healthcare Investors by 6.4% in the 1st quarter. Bank of New York Mellon Corp now owns 3,123,152 shares of the real estate investment trust's stock worth $118,930,000 after buying an additional 188,481 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Scotiabank lifted their price objective on Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a "sector perform" rating in a report on Thursday. Royal Bank Of Canada lifted their price objective on Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Finally, Wells Fargo & Company lifted 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. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.75.

Omega Healthcare Investors Stock Performance

Shares of Omega Healthcare Investors stock traded up $0.33 during trading hours on Monday, reaching $42.53. 1,771,023 shares of the stock traded hands, compared to its average volume of 2,147,722. The company has a 50 day moving average price of $39.06 and a 200 day moving average price of $37.80. The firm has a market capitalization of $12.55 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 2.26 and a beta of 0.71. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $44.42. 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 released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.32. The business 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 business's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. On average, equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Monday, August 4th. Omega Healthcare Investors's payout ratio is currently 165.43%.

Insider Activity

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business's 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 sale, the director directly owned 18,654 shares in the company, valued at $749,144.64. The trade was a 11.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

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.