OMERS ADMINISTRATION Corp Purchases New Shares in Omega Healthcare Investors, Inc. $OHI

Key Points

• OMERS Administration Corp acquired 278,178 shares of Omega Healthcare Investors in the second quarter, valued at approximately $13.3 million. Institutional investors collectively own 65.25% of OHI.
• Analyst sentiment is mixed, with six Buy, seven Hold, and two Sell ratings; the consensus rating is Hold with a $49.21 price target.
• Omega reported quarterly earnings of $1.19 per share, well above the $0.51 consensus estimate, while revenue rose 16.2% year over year. The company also increased its quarterly dividend to $0.68, implying a 5.8% annual yield.

OMERS ADMINISTRATION Corp acquired a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 278,178 shares of the real estate investment trust's stock, valued at approximately $13,264,000. OMERS ADMINISTRATION Corp owned approximately 0.09% of Omega Healthcare Investors at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of OHI. BlackRock Inc. purchased a new stake in shares of Omega Healthcare Investors in the second quarter valued at about $1,838,155,000. State Street Corp lifted its position in shares of Omega Healthcare Investors by 4.8% during the second quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust's stock valued at $534,792,000 after purchasing an additional 671,473 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Omega Healthcare Investors by 9.4% during the fourth 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 purchasing an additional 734,774 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Omega Healthcare Investors during the second quarter worth about $275,230,000. Finally, Invesco Ltd. boosted its holdings in 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 purchasing an additional 424,024 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup upped their price objective on shares of Omega Healthcare Investors from $52.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Royal Bank Of Canada lifted their target price on shares of Omega Healthcare Investors from $47.00 to $48.00 and gave the stock a "sector perform" rating in a research report on Monday, May 4th. Wells Fargo & Company boosted their target price on Omega Healthcare Investors from $47.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Monday, June 1st. BMO Capital Markets reaffirmed a "market perform" rating and issued a $52.00 target price on shares of Omega Healthcare Investors in a report on Monday, May 4th. Finally, Raymond James Financial began coverage on Omega Healthcare Investors in a research report on Tuesday, June 16th. They set an "outperform" rating and a $50.00 price target for the company. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $49.21.

Omega Healthcare Investors Price Performance

NYSE OHI opened at $46.66 on Monday. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 1.89 and a beta of 0.57. Omega Healthcare Investors, Inc. has a one year low of $39.26 and a one year high of $52.39. The business's fifty day moving average is $48.18 and its 200-day moving average is $47.02.

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 for the quarter, beating the consensus estimate of $0.51 by $0.68. Omega Healthcare Investors had a net margin of 66.96% and a return on equity of 15.76%. The company had revenue of $328.25 million during the quarter, compared to analyst estimates of $266.97 million. During the same quarter in the prior year, the business earned $0.77 earnings per share. The firm's revenue for the quarter was up 16.2% on a year-over-year basis. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. Research analysts expect that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current fiscal year.

Omega Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a $0.68 dividend. The ex-dividend date was Monday, August 3rd. This is a positive change from Omega Healthcare Investors's previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 5.8%. Omega Healthcare Investors's dividend payout ratio is presently 97.14%.

Omega Healthcare Investors 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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