Omega Healthcare Investors, Inc. $OHI Shares Acquired by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in Omega Healthcare Investors by 20.3%, acquiring a total of 507,315 shares, valued at approximately $19.3 million.
• Director Lisa Egbuonu-Davis sold 2,500 shares at an average price of $40.16, resulting in an 11.82% decrease in her holdings.
• Several analysts raised their target price for Omega Healthcare Investors, with estimates now ranging from $41.00 to $44.00, indicating a consensus average price target of $43.38.

Gotham Asset Management LLC raised its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 20.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 507,315 shares of the real estate investment trust's stock after purchasing an additional 85,432 shares during the period. Gotham Asset Management LLC owned 0.18% of Omega Healthcare Investors worth $19,319,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. AQR Capital Management LLC lifted its stake in shares of Omega Healthcare Investors by 430.8% during the first quarter. AQR Capital Management LLC now owns 2,862,117 shares of the real estate investment trust's stock worth $108,989,000 after buying an additional 2,322,878 shares during the period. Vanguard Group Inc. increased its stake in shares of Omega Healthcare Investors by 3.9% in the first quarter. Vanguard Group Inc. now owns 39,554,886 shares of the real estate investment trust's stock worth $1,506,250,000 after acquiring an additional 1,492,904 shares during the period. Invesco Ltd. raised its holdings in shares of Omega Healthcare Investors by 122.3% during the first quarter. Invesco Ltd. now owns 2,416,560 shares of the real estate investment trust's stock worth $92,023,000 after purchasing an additional 1,329,324 shares during the last quarter. Nuveen LLC acquired a new position in Omega Healthcare Investors during the first quarter valued at $42,513,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Omega Healthcare Investors by 556.1% during the first 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. 65.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Scotiabank boosted their target price on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Wells Fargo & Company boosted their target price on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Raymond James Financial restated an "outperform" rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Truist Financial raised their price objective on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of 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. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $43.38.

Insider Activity

In other Omega Healthcare Investors 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 completion of the sale, the director directly owned 18,654 shares of the company's stock, valued at $749,144.64. This trade 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 company insiders.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock traded down $0.00 during trading on Wednesday, reaching $42.83. The company had a trading volume of 722,662 shares, compared to its average volume of 2,351,079. The firm's 50-day simple moving average is $39.90 and its 200 day simple moving average is $38.12. Omega Healthcare Investors, Inc. has a 1-year low of $35.04 and a 1-year high of $44.42. The firm has a market capitalization of $12.63 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.27 and a beta of 0.71. 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 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 firm had revenue of $235.60 million for the quarter, compared to analysts' expectations of $248.49 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. As a group, equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.3%. Omega Healthcare Investors's dividend payout ratio (DPR) is 165.43%.

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.