Northern Trust Corp Has $111.12 Million Stake in Omega Healthcare Investors, Inc. $OHI

Key Points

• Northern Trust Corp reduced its stake in Omega Healthcare Investors by 10.9%, owning approximately 2,918,093 shares valued at $111 million after selling 356,700 shares in the first quarter.
• Omega Healthcare Investors received positive revisions from analysts, with Wells Fargo upgrading its rating to "overweight" and increasing the target price from $38 to $41.
• The company declared a quarterly dividend of $0.67 per share, representing an annualized amount of $2.68 and a yield of 6.4%.

Northern Trust Corp trimmed its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 10.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,918,093 shares of the real estate investment trust's stock after selling 356,700 shares during the quarter. Northern Trust Corp owned about 1.01% of Omega Healthcare Investors worth $111,121,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of OHI. First Trust Advisors LP raised its stake in Omega Healthcare Investors by 36.3% during the 4th quarter. First Trust Advisors LP now owns 241,775 shares of the real estate investment trust's stock worth $9,151,000 after acquiring an additional 64,392 shares during the period. MML Investors Services LLC increased its holdings in shares of Omega Healthcare Investors by 9.5% during the fourth quarter. MML Investors Services LLC now owns 33,334 shares of the real estate investment trust's stock valued at $1,262,000 after acquiring an additional 2,879 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Omega Healthcare Investors by 137.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 20,683 shares of the real estate investment trust's stock worth $783,000 after buying an additional 11,981 shares during the period. Hsbc Holdings PLC boosted its position in Omega Healthcare Investors by 92.9% in the 4th quarter. Hsbc Holdings PLC now owns 315,339 shares of the real estate investment trust's stock worth $11,929,000 after purchasing an additional 151,831 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Omega Healthcare Investors by 14.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 166,731 shares of the real estate investment trust's stock valued at $6,311,000 after buying an additional 20,880 shares in the last quarter. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Down 1.3%

Shares of OHI traded down $0.54 during trading hours on Thursday, hitting $42.09. 1,112,396 shares of the company were exchanged, compared to its average volume of 2,385,311. The company has a market cap of $12.42 billion, a PE ratio of 25.98, a PEG ratio of 2.23 and a beta of 0.66. The firm's 50 day moving average is $38.84 and its 200-day moving average is $37.70. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $44.42. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10.

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, beating the consensus estimate of $0.45 by $0.32. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The firm had revenue of $235.60 million during the quarter, compared to the consensus estimate of $248.49 million. During the same quarter in the prior year, the company earned $0.71 EPS. The firm'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, equities research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Monday, August 4th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 165.43%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OHI shares. Wells Fargo & Company raised their price objective on Omega Healthcare Investors from $41.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday. Royal Bank Of Canada boosted their price target on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Finally, Scotiabank upped their target price on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Omega Healthcare Investors presently has an average rating of "Hold" and an average target price of $42.75.

Insider Activity

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the firm's stock in a transaction on 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 trade represents a 11.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.