Omega Healthcare Investors, Inc. $OHI Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. reduced its stake in Omega Healthcare Investors by 37.9%, owning approximately 0.16% of the company valued at $17.2 million after selling 276,415 shares in the first quarter.
• Omega Healthcare's latest quarterly earnings reported an EPS of $0.77, significantly surpassing estimates, while the company anticipates a FY 2025 EPS guidance of 3.040-3.070.
• The company declared a quarterly dividend of $0.67 per share with a yield of 6.3%, despite a high dividend payout ratio of 165.43%.

Alliancebernstein L.P. trimmed its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 37.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 452,584 shares of the real estate investment trust's stock after selling 276,415 shares during the period. Alliancebernstein L.P. owned approximately 0.16% of Omega Healthcare Investors worth $17,234,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. NBC Securities Inc. purchased a new position in shares of Omega Healthcare Investors during the 1st quarter worth $29,000. CoreCap Advisors LLC lifted its position in shares of 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 in the last quarter. Park Square Financial Group LLC purchased a new position in shares of Omega Healthcare Investors in the fourth quarter valued at approximately $61,000. UMB Bank n.a. boosted its stake in shares of Omega Healthcare Investors by 94.9% in the first 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. Finally, Meeder Asset Management Inc. increased its stake in Omega Healthcare Investors by 1,581.3% during the 1st 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 period. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Stock Performance

Shares of Omega Healthcare Investors stock opened at $42.47 on Friday. The firm's fifty day simple moving average is $40.14 and its 200-day simple moving average is $38.20. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $44.42. The stock has a market capitalization of $12.53 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 2.24 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.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.32. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The company had revenue of $235.60 million for the quarter, compared to the consensus estimate of $248.49 million. During the same period last year, the firm posted $0.71 EPS. Omega Healthcare Investors'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. As a group, equities analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on OHI. Royal Bank Of Canada raised their price target on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Wells Fargo & Company lifted their price objective on Omega Healthcare Investors from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. 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, August 28th. Mizuho lifted their price objective on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Raymond James Financial reissued an "outperform" rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of "Moderate Buy" and a consensus target price of $43.75.

Insider Activity at Omega Healthcare Investors

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of Omega Healthcare Investors 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company's stock.

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.

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