Omega Healthcare Investors, Inc. $OHI Shares Sold by Greenland Capital Management LP

Key Points

• Greenland Capital Management cut its Omega Healthcare Investors stake by 22.4% in the second quarter, selling 47,600 shares and retaining 165,000 shares worth approximately $7.9 million. Institutional investors collectively own 65.25% of OHI.
• Omega reported stronger-than-expected quarterly results, with EPS of $1.19 versus the $0.51 consensus and revenue of $328.25 million, up 16.2% year over year.
• Omega raised its quarterly dividend to $0.68 per share, implying a $2.72 annual payout and a 5.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $49.50.

Greenland Capital Management LP reduced its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 22.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 165,000 shares of the real estate investment trust's stock after selling 47,600 shares during the quarter. Omega Healthcare Investors accounts for 1.0% of Greenland Capital Management LP's investment portfolio, making the stock its 26th biggest holding. Greenland Capital Management LP owned about 0.05% of Omega Healthcare Investors worth $7,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Omega Healthcare Investors during the second quarter worth $1,838,155,000. State Street Corp increased its stake in Omega Healthcare Investors by 4.8% in the 2nd quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust's stock valued at $534,792,000 after buying an additional 671,473 shares during the period. Geode Capital Management LLC increased its stake in Omega Healthcare Investors by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 8,515,924 shares of the real estate investment trust's stock valued at $377,648,000 after buying an additional 734,774 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Omega Healthcare Investors in the second quarter valued at about $275,230,000. Finally, Invesco Ltd. increased its stake in shares of Omega Healthcare Investors by 8.6% during the fourth quarter. Invesco Ltd. now owns 5,368,945 shares of the real estate investment trust's stock worth $238,059,000 after acquiring an additional 424,024 shares during the period. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Trading Up 0.1%

Shares of OHI opened at $46.41 on Monday. Omega Healthcare Investors, Inc. has a twelve month low of $39.26 and a twelve month high of $52.39. The firm has a market capitalization of $14.06 billion, a P/E ratio of 16.58, a PEG ratio of 1.88 and a beta of 0.58. The firm's 50-day moving average is $48.31 and its two-hundred day moving average is $47.09.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.68. The company had revenue of $328.25 million during the quarter, compared to the consensus estimate of $266.97 million. Omega Healthcare Investors had a net margin of 66.96% and a return on equity of 15.76%. The company's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the firm earned $0.77 EPS. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. Analysts predict that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current year.

Omega Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a dividend of $0.68 per share. This is a boost from Omega Healthcare Investors's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Monday, August 3rd. Omega Healthcare Investors's payout ratio is presently 97.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on OHI shares. Barclays reduced their price objective on shares of Omega Healthcare Investors from $51.00 to $50.00 and set an "underweight" rating for the company in a research report on Monday, August 31st. Truist Financial dropped their target price on Omega Healthcare Investors from $48.00 to $46.00 and set a "hold" rating on the stock in a research report on Tuesday, June 9th. Citigroup increased their target price on Omega Healthcare Investors from $52.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Scotiabank reduced their price target on Omega Healthcare Investors from $50.00 to $47.00 and set a "sector perform" rating for the company in a report on Thursday, June 18th. Finally, Wells Fargo & Company decreased their price target on Omega Healthcare Investors from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 1st. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $49.50.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company's core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.

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