National Bank of Canada FI Takes $374,000 Position in Omega Healthcare Investors, Inc. $OHI

Key Points

• The National Bank of Canada FI purchased a new stake in Omega Healthcare Investors, acquiring 9,830 shares valued at approximately $374,000.
• Several institutional investors, including Optimum Investment Advisors and QRG Capital Management Inc., have also increased their holdings in Omega Healthcare Investors, with institutional ownership now at 65.25%.
• Omega Healthcare Investors recently reported earnings per share of $0.77, significantly beating analysts' estimates, and declared a quarterly dividend of $0.67, reflecting a 6.5% dividend yield.

National Bank of Canada FI purchased a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,830 shares of the real estate investment trust's stock, valued at approximately $374,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Omega Healthcare Investors by 3.9% during the 1st 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 during the period. Northern Trust Corp raised its stake in shares of Omega Healthcare Investors by 49.4% during the 4th quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock valued at $123,951,000 after purchasing an additional 1,083,326 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Omega Healthcare Investors by 556.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,028,187 shares of the real estate investment trust's stock valued at $39,143,000 after purchasing an additional 871,472 shares during the period. Deutsche Bank AG raised its stake in shares of Omega Healthcare Investors by 362.2% during the 1st quarter. Deutsche Bank AG now owns 1,070,805 shares of the real estate investment trust's stock valued at $40,776,000 after purchasing an additional 839,111 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Omega Healthcare Investors by 221.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 940,213 shares of the real estate investment trust's stock valued at $35,803,000 after purchasing an additional 647,832 shares during the period. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Price Performance

NYSE OHI traded up $0.4950 during trading on Thursday, reaching $42.3350. The company's stock had a trading volume of 1,400,953 shares, compared to its average volume of 2,301,142. The stock has a market capitalization of $12.49 billion, a PE ratio of 26.13, a P/E/G ratio of 2.22 and a beta of 0.66. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10. The firm has a fifty day moving average of $38.40 and a 200 day moving average of $37.58. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share 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 return on equity of 9.78% and a net margin of 42.23%.The company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. Analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank Of Canada boosted their price objective on 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. Wells Fargo & Company upgraded Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $38.00 to $41.00 in a research note on Monday, July 14th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of "Hold" and an average price target of $42.00.

Insiders Place Their Bets

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

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.