Omega Healthcare Investors, Inc. $OHI Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems cut its Omega Healthcare Investors stake by 31.1%, selling 83,000 shares and retaining 183,765 shares worth approximately $8.51 million. Institutional investors collectively own 65.25% of OHI.
• OHI shares traded at $46.99, near their 50- and 200-day moving averages. The company reported quarterly revenue of $328.25 million, up 16.2% year over year, and earnings of $1.19 per share, exceeding estimates.
• Omega declared a quarterly dividend of $0.68, representing a $2.72 annualized payout and a 5.8% yield. Analysts have a consensus “Hold” rating with an average price target of $49.93.

VIRGINIA RETIREMENT SYSTEMS ET Al cut its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 31.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 183,765 shares of the real estate investment trust's stock after selling 83,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.06% of Omega Healthcare Investors worth $8,510,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its position in shares of Omega Healthcare Investors by 50.3% during the 3rd quarter. Fortitude Family Office LLC now owns 699 shares of the real estate investment trust's stock worth $32,000 after buying an additional 234 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of Omega Healthcare Investors in the first quarter valued at approximately $35,000. Latitude Advisors LLC bought a new position in shares of Omega Healthcare Investors in the third quarter valued at approximately $35,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Omega Healthcare Investors by 53.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 906 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 315 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its position in shares of Omega Healthcare Investors by 645.2% during the second quarter. Elevation Wealth Partners LLC now owns 924 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 800 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Trading Up 0.3%

NYSE:OHI opened at $46.99 on Friday. The stock has a market capitalization of $14.24 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 1.90 and a beta of 0.53. The firm's 50 day moving average is $46.15 and its 200 day moving average is $46.60. Omega Healthcare Investors, Inc. has a 12 month low of $40.10 and a 12 month high of $52.39.

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

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 5th will be paid a $0.68 dividend. The ex-dividend date is Thursday, November 5th. This represents a $2.72 annualized dividend and a dividend yield of 5.8%. Omega Healthcare Investors's payout ratio is presently 97.14%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OHI. Mizuho lifted their price target on Omega Healthcare Investors from $45.00 to $46.00 and gave the stock a "neutral" rating in a report on Monday, August 31st. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Omega Healthcare Investors in a research report on Friday, September 25th. Barclays lowered their target price on Omega Healthcare Investors from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Tuesday, October 13th. Wells Fargo & Company cut their price target on shares of Omega Healthcare Investors from $48.00 to $46.00 and set an "equal weight" rating on the stock in a report on Monday, October 19th. Finally, UBS Group reduced their price target on shares of Omega Healthcare Investors from $54.00 to $52.00 and set a "buy" rating for the company in a research report on Tuesday, October 13th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $49.93.

Omega Healthcare Investors Profile

Omega Healthcare Investors, Inc is a real estate investment trust focused on the healthcare sector. The company invests in and owns healthcare facilities, with a primary emphasis on skilled nursing and assisted living properties.

Omega generally leases its properties to healthcare operators under long-term agreements, supporting services for seniors and individuals who require post-acute, rehabilitative, or long-term care. Its portfolio has also included other healthcare-related properties, such as continuing care retirement communities and specialty facilities.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega serves healthcare operators across the United States and the United Kingdom.

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