Pinion Investment Advisors LLC Sells 17,398 Shares of Omega Healthcare Investors, Inc. $OHI

Key Points

• Pinion Investment Advisors LLC reduced its stake in Omega Healthcare Investors, Inc. by 45.6%, selling 17,398 shares and leaving it with 20,792 shares valued at $762,000.
• Director Lisa Egbuonu-Davis sold 2,500 shares on August 8th for a total of $100,400, reducing her ownership by 11.82%.
• Analyst reports show a favorable outlook for Omega Healthcare, with ratings of "buy" from multiple firms and an average price target of $44.44.

Pinion Investment Advisors LLC reduced its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 45.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,792 shares of the real estate investment trust's stock after selling 17,398 shares during the quarter. Pinion Investment Advisors LLC's holdings in Omega Healthcare Investors were worth $762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of OHI. NBC Securities Inc. bought a new stake in Omega Healthcare Investors during the 1st quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB increased its stake in Omega Healthcare Investors by 562.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,828 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 1,552 shares in the last quarter. Register Financial Advisors LLC bought a new stake in Omega Healthcare Investors during the 2nd quarter valued at about $73,000. UMB Bank n.a. increased its stake in Omega Healthcare Investors by 94.9% during the 1st quarter. UMB Bank n.a. now owns 2,175 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 1,059 shares in the last quarter. Finally, Trust Co. of Vermont bought a new stake in Omega Healthcare Investors during the 2nd quarter valued at about $95,000. 65.25% of the stock is currently owned by institutional investors.

Insider Activity at Omega Healthcare Investors

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business's stock in a transaction on Friday, August 8th. The shares were 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 approximately $749,144.64. The trade was a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

OHI has been the subject of a number of analyst reports. Cantor Fitzgerald initiated coverage on shares of Omega Healthcare Investors in a research note on Wednesday, October 1st. They set an "overweight" rating and a $50.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Scotiabank lifted their price target on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Truist Financial lifted their price target on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Omega Healthcare Investors in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $44.44.

Omega Healthcare Investors Stock Performance

OHI opened at $40.20 on Friday. 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 company has a market cap of $11.86 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 1.90 and a beta of 0.70. The company's 50 day moving average is $41.58 and its 200 day moving average is $38.79. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.32. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The business had revenue of $235.60 million for the quarter, compared to the consensus estimate of $248.49 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company's revenue for the quarter was up 11.8% on a year-over-year basis. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. On average, equities research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Monday, August 4th. Omega Healthcare Investors's payout ratio is 165.43%.

Omega Healthcare Investors Company Profile

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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