New York State Teachers Retirement System Has $12.05 Million Stock Holdings in Omega Healthcare Investors, Inc. $OHI

Key Points

• The New York State Teachers Retirement System increased its stake in Omega Healthcare Investors, Inc. (NYSE: OHI) by 2.4% in Q2, now owning 328,857 shares worth approximately $12.05 million.
• Analysts maintain a positive outlook on OHI, with multiple firms issuing ratings that include a price target increase from $37.00 to $44.00.
• Omega Healthcare reported strong quarterly earnings, surpassing estimates with an EPS of $0.77 and a year-over-year revenue increase of 11.8%.

New York State Teachers Retirement System grew its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,857 shares of the real estate investment trust's stock after acquiring an additional 7,678 shares during the period. New York State Teachers Retirement System owned 0.11% of Omega Healthcare Investors worth $12,053,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bayforest Capital Ltd increased its position in shares of Omega Healthcare Investors by 395.2% during the 2nd quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 901 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Omega Healthcare Investors by 562.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,828 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 1,552 shares in the last quarter. Register Financial Advisors LLC acquired a new position in Omega Healthcare Investors during the second quarter worth $73,000. Meeder Asset Management Inc. increased its holdings in Omega Healthcare Investors by 1,581.3% during the first quarter. Meeder Asset Management Inc. now owns 2,522 shares of the real estate investment trust's stock worth $96,000 after buying an additional 2,372 shares during the last quarter. Finally, Trust Co. of Vermont bought a new stake in Omega Healthcare Investors during the second quarter worth $95,000. Institutional investors own 65.25% of the company's stock.

Wall Street Analysts Forecast Growth

OHI has been the subject of a number of analyst reports. Raymond James Financial reissued an "outperform" rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Cantor Fitzgerald initiated coverage on Omega Healthcare Investors in a report on Wednesday, October 1st. They set an "overweight" rating and a $50.00 price target for the company. Mizuho upped their price objective on Omega Healthcare Investors from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, September 11th. Truist Financial raised their price objective on Omega Healthcare Investors from $39.00 to $44.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Omega Healthcare Investors in a research note on Wednesday, October 8th. Six 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $44.38.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock opened at $41.07 on Friday. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.92 and a beta of 0.70. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $44.42. The stock's 50 day moving average is $41.58 and its 200-day moving average is $38.89.

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 the consensus estimate 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 firm's quarterly revenue was up 11.8% on a year-over-year basis. 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. Equities research analysts expect 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. Shareholders of record on Monday, August 4th were paid a $0.67 dividend. The ex-dividend date was Monday, August 4th. This represents a $2.68 annualized dividend and a yield of 6.5%. Omega Healthcare Investors's payout ratio is 165.43%.

Insider Transactions at Omega Healthcare Investors

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 shares were sold at an average price of $40.16, for a total value of $100,400.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is 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.

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