Legal & General Group Plc Takes Position in Omega Healthcare Investors, Inc. $OHI

Key Points

• Legal & General Group Plc acquired 1.85 million shares of Omega Healthcare Investors in the second quarter, worth approximately $88.4 million and representing a 0.61% stake. Institutional investors collectively own 65.25% of OHI.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” from 15 analysts and an average price target of $49.21. Recent target increases included Cantor Fitzgerald’s move to $56 and Wells Fargo’s move to $49.
• Omega reported stronger-than-expected quarterly results, with $1.19 in earnings per share and $328.25 million in revenue, while raising its quarterly dividend to $0.68 per share—an annualized yield of about 5.9%.

Legal & General Group Plc purchased a new position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,853,243 shares of the real estate investment trust's stock, valued at approximately $88,363,000. Legal & General Group Plc owned 0.61% of Omega Healthcare Investors as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Resources Management Corp CT ADV raised its stake in Omega Healthcare Investors by 300.0% in the fourth quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust's stock worth $27,000 after buying an additional 450 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in Omega Healthcare Investors during the first quarter worth $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Omega Healthcare Investors during the 4th quarter valued at $37,000. MassMutual Private Wealth & Trust FSB boosted its position in Omega Healthcare Investors by 53.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 906 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 315 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Omega Healthcare Investors by 645.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 924 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 800 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on OHI. Weiss Ratings raised Omega Healthcare Investors from a "buy (b)" rating to a "buy (b+)" rating in a research report on Tuesday, June 30th. Cantor Fitzgerald boosted their target price on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Raymond James Financial began coverage on shares of Omega Healthcare Investors in a research report on Tuesday, June 16th. They set an "outperform" rating and a $50.00 price target for the company. Royal Bank Of Canada raised their price target on shares of Omega Healthcare Investors from $47.00 to $48.00 and gave the company a "sector perform" rating in a report on Monday, May 4th. Finally, Wells Fargo & Company lifted their price objective 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. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $49.21.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock opened at $46.29 on Friday. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 1.90 and a beta of 0.57. Omega Healthcare Investors, Inc. has a 1-year low of $39.26 and a 1-year high of $52.39. The business has a fifty day moving average price of $48.32 and a 200-day moving average price of $47.09.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.68. Omega Healthcare Investors had a return on equity of 15.76% and a net margin of 66.96%.The firm had revenue of $328.25 million for the quarter, compared to the consensus estimate of $266.97 million. During the same period in the previous year, the business earned $0.77 EPS. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. On average, equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 3.12 earnings per share for the current fiscal year.

Omega Healthcare Investors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.68 per share. The ex-dividend date was Monday, August 3rd. This is a positive change from Omega Healthcare Investors's previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.9%. Omega Healthcare Investors's payout ratio is presently 97.14%.

Omega Healthcare Investors Profile

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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