Omega Healthcare Investors, Inc. $OHI Stock: Sterling Capital Management LLC Decreases Holdings

Key Points

• Sterling Capital Management cut its Omega Healthcare Investors stake by 84.7% in the third quarter, selling 48,512 shares and retaining 8,776 shares valued at approximately $406,000. Institutional investors collectively own 65.25% of OHI.
• Analyst sentiment was mixed but generally improving: Citigroup, Wall Street Zen and Citizens JMP upgraded the stock, while the consensus rating remained “Hold” with a $49.93 target price.
• OHI shares opened at $46.83, while the company reported quarterly revenue growth of 16.2% and earnings that exceeded estimates. It also declared a quarterly dividend of $0.68, representing a 5.8% annualized yield.

Sterling Capital Management LLC lowered its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 84.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,776 shares of the real estate investment trust's stock after selling 48,512 shares during the quarter. Sterling Capital Management LLC's holdings in Omega Healthcare Investors were worth $406,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC raised its stake in Omega Healthcare Investors by 6.8% during the 3rd quarter. Inspire Investing LLC now owns 113,702 shares of the real estate investment trust's stock valued at $5,266,000 after acquiring an additional 7,241 shares during the last quarter. Royal Fund Management LLC grew its stake in shares of Omega Healthcare Investors by 3.1% in the 3rd quarter. Royal Fund Management LLC now owns 41,781 shares of the real estate investment trust's stock valued at $1,935,000 after purchasing an additional 1,249 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at approximately $254,000. Carnegie Investment Counsel increased its holdings in shares of Omega Healthcare Investors by 26.5% in the third quarter. Carnegie Investment Counsel now owns 21,125 shares of the real estate investment trust's stock valued at $978,000 after purchasing an additional 4,425 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Omega Healthcare Investors by 8.3% in the third quarter. Nisa Investment Advisors LLC now owns 30,475 shares of the real estate investment trust's stock valued at $1,411,000 after purchasing an additional 2,330 shares during the period. Institutional investors and hedge funds own 65.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on OHI shares. Citigroup raised shares of Omega Healthcare Investors from a "buy" rating to an "outperform" rating in a research note on Thursday, October 22nd. Wall Street Zen upgraded shares of Omega Healthcare Investors from a "hold" rating to a "buy" rating in a research note on Saturday, October 17th. Raymond James Financial reaffirmed an "outperform" rating and issued a $53.00 target price on shares of Omega Healthcare Investors in a report on Tuesday, October 6th. Citizens Jmp upgraded shares of Omega Healthcare Investors from a "market perform" rating to a "market outperform" rating and set a $52.00 price target on the stock in a research note on Thursday, October 22nd. Finally, Cantor Fitzgerald increased their price target on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $49.93.

Omega Healthcare Investors Price Performance

Shares of OHI stock opened at $46.83 on Friday. The business's fifty day moving average price is $46.15 and its 200 day moving average price is $46.58. Omega Healthcare Investors, Inc. has a 1-year low of $39.38 and a 1-year high of $52.39. The firm has a market capitalization of $14.19 billion, a PE ratio of 16.72, a P/E/G ratio of 1.84 and a beta of 0.53.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $1.19 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $328.25 million during the quarter, compared to the consensus estimate of $266.97 million. During the same quarter last year, the company earned $0.77 earnings per share. Omega Healthcare Investors's quarterly revenue was up 16.2% compared to the same quarter last year. Equities research analysts expect that Omega Healthcare Investors, Inc. will post 3.12 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors 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 dividend payout ratio (DPR) is 97.14%.

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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