Omega Healthcare Investors, Inc. $OHI Shares Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC significantly increased its holdings in Omega Healthcare Investors, Inc. by 938.9% during the first quarter, raising its stake to 61,266 shares valued at approximately $2.33 million.
• Omega Healthcare Investors declared a quarterly dividend of $0.67 per share, yielding 6.3% annually, and the firm's dividend payout ratio stands at 165.43%.
• The company reported earnings of $0.77 EPS for the latest quarter, surpassing analysts' expectations, and its quarterly revenue increased by 11.8% year-over-year.

Ieq Capital LLC lifted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 938.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,266 shares of the real estate investment trust's stock after buying an additional 55,369 shares during the quarter. Ieq Capital LLC's holdings in Omega Healthcare Investors were worth $2,333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. NBC Securities Inc. bought a new stake in Omega Healthcare Investors during the 1st quarter valued at approximately $29,000. Dunhill Financial LLC raised its stake in Omega Healthcare Investors by 97.9% during the 4th quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 750 shares during the period. CoreCap Advisors LLC raised its stake in Omega Healthcare Investors by 177.3% during the 4th quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 1,009 shares during the period. Park Square Financial Group LLC bought a new stake in Omega Healthcare Investors during the 4th quarter valued at approximately $61,000. Finally, UMB Bank n.a. raised its stake in Omega Healthcare Investors by 94.9% during the 1st quarter. UMB Bank n.a. now owns 2,175 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 1,059 shares during the period. Institutional investors own 65.25% of the company's stock.

Insiders Place Their Bets

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business'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 transaction, the director directly owned 18,654 shares of the company's stock, valued at approximately $749,144.64. The trade was a 11.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by company insiders.

Omega Healthcare Investors Trading Up 0.8%

Shares of Omega Healthcare Investors stock traded up $0.36 on Friday, reaching $43.09. The company had a trading volume of 1,467,660 shares, compared to its average volume of 1,958,922. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 2.26 and a beta of 0.71. 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's 50-day moving average price is $39.64 and its two-hundred day moving average price is $38.02. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 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 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $248.49 million. During the same quarter in the previous year, the business earned $0.71 EPS. The company's quarterly revenue was up 11.8% on a year-over-year basis. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. As a group, research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a yield of 6.2%. Omega Healthcare Investors's payout ratio is 165.43%.

Wall Street Analyst Weigh In

OHI has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their target price 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. Scotiabank lifted their target price on Omega Healthcare Investors from $39.00 to $42.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Wells Fargo & Company raised their price target on Omega Healthcare Investors from $41.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Raymond James Financial restated an "outperform" rating on shares of Omega Healthcare Investors in a report on Tuesday. Finally, Truist Financial raised their price target on Omega Healthcare Investors from $39.00 to $44.00 and gave the company a "hold" rating in a report on Wednesday. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Omega Healthcare Investors has an average rating of "Moderate Buy" and an average target price of $43.38.

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.