Millennium Management LLC Raises Stock Holdings in Omega Healthcare Investors, Inc. $OHI

Key Points

• Millennium Management LLC significantly increased its holdings in Omega Healthcare Investors by 293.9% during the first quarter, now owning over 1 million shares valued at approximately $40.9 million.
• Other institutional investors, including AQR Capital Management and Vanguard Group, also raised their stakes, indicating a total of 65.25% of the company's stock is held by hedge funds and institutional investors.
• In its latest earnings report, Omega Healthcare Investors beat analysts' expectations with an EPS of $0.77 and declared a quarterly dividend of $0.67 per share, resulting in an annualized yield of 6.3%.

Millennium Management LLC grew its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 293.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,075,223 shares of the real estate investment trust's stock after buying an additional 802,277 shares during the period. Millennium Management LLC owned 0.37% of Omega Healthcare Investors worth $40,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. acquired a new stake in shares of Omega Healthcare Investors in the first quarter valued at about $29,000. CoreCap Advisors LLC grew its stake in Omega Healthcare Investors by 177.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 1,009 shares during the period. Park Square Financial Group LLC acquired a new stake in Omega Healthcare Investors during the fourth quarter worth approximately $61,000. UMB Bank n.a. grew its stake in Omega Healthcare Investors by 94.9% during the first quarter. UMB Bank n.a. now owns 2,175 shares of the real estate investment trust's stock worth $83,000 after purchasing an additional 1,059 shares during the period. Finally, Meeder Asset Management Inc. grew its stake 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 purchasing an additional 2,372 shares during the period. Institutional investors and hedge funds own 65.25% of the company's stock.

Insider Buying and Selling at Omega Healthcare Investors

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the firm's stock in a transaction that occurred 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 owned 18,654 shares in the company, valued at $749,144.64. This trade represents a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Omega Healthcare Investors Stock Up 0.4%

NYSE:OHI traded up $0.18 on Monday, hitting $42.66. The stock had a trading volume of 151,096 shares, compared to its average volume of 2,336,501. The business's fifty day moving average is $40.26 and its 200 day moving average is $38.25. The company has a market cap of $12.58 billion, a PE ratio of 26.33, a P/E/G ratio of 2.22 and a beta of 0.71. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.96. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, beating 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 company had revenue of $235.60 million for the quarter, compared to analyst estimates of $248.49 million. During the same quarter last year, the company earned $0.71 earnings per share. The company's revenue for the quarter 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. On average, equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Mizuho raised their target price on Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday. Wells Fargo & Company raised their target price on Omega Healthcare Investors from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Truist Financial raised their target price on Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. Raymond James Financial reaffirmed an "outperform" rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd. Finally, Scotiabank raised their target price on Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Omega Healthcare Investors presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.75.

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.