Omega Healthcare Investors, Inc. $OHI Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Omega Healthcare Investors by 9.5%, now holding 76,493 shares valued at approximately $2.91 million.
• Research firms have recently raised price targets for Omega Healthcare Investors, with Royal Bank of Canada and Wells Fargo both setting targets of $41, reflecting a positive outlook.
• Omega Healthcare Investors' latest earnings report showed an EPS of $0.77, exceeding estimates by $0.32, and the company declared a quarterly dividend of $0.67.

State of New Jersey Common Pension Fund D trimmed its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 9.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,493 shares of the real estate investment trust's stock after selling 8,018 shares during the period. State of New Jersey Common Pension Fund D's holdings in Omega Healthcare Investors were worth $2,913,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Omega Healthcare Investors by 3.9% during 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 purchasing an additional 1,492,904 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Omega Healthcare Investors by 2.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,100,891 shares of the real estate investment trust's stock worth $156,162,000 after purchasing an additional 114,665 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Omega Healthcare Investors by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,058,107 shares of the real estate investment trust's stock worth $154,533,000 after purchasing an additional 165,554 shares in the last quarter. Northern Trust Corp lifted its stake in Omega Healthcare Investors by 49.4% during the fourth quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock worth $123,951,000 after purchasing an additional 1,083,326 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Omega Healthcare Investors by 6.4% during the first quarter. Bank of New York Mellon Corp now owns 3,123,152 shares of the real estate investment trust's stock worth $118,930,000 after purchasing an additional 188,481 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OHI. Royal Bank Of Canada upped their price objective on Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Wells Fargo & Company raised Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $38.00 to $41.00 in a research report on Monday, July 14th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Omega Healthcare Investors has a consensus rating of "Hold" and a consensus price target of $42.00.

Omega Healthcare Investors Stock Up 1.3%

Omega Healthcare Investors stock opened at $41.8260 on Thursday. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $44.42. The stock's fifty day simple moving average is $38.29 and its 200-day simple moving average is $37.55. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $12.34 billion, a P/E ratio of 25.82, a P/E/G ratio of 2.85 and a beta of 0.66.

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 EPS for the quarter, beating the consensus estimate of $0.45 by $0.32. The firm had revenue of $235.60 million for the quarter, compared to analyst estimates of $248.49 million. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.Omega Healthcare Investors's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. As a group, equities analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Monday, August 4th. Omega Healthcare Investors's dividend payout ratio is 165.43%.

Insider Buying and Selling

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of the 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 transaction, the director owned 18,654 shares of the company's stock, valued at $749,144.64. This represents a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

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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