Public Employees Retirement System of Ohio Grows Position in Omega Healthcare Investors, Inc. $OHI

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in Omega Healthcare Investors, Inc. ($OHI) by 4.6%, now owning approximately 0.18% of the company, valued at about $18.7 million.
• Omega Healthcare reported a quarterly earnings per share of $0.77, exceeding estimates by $0.32, with revenues of $235.6 million for the quarter.
• The company declared a quarterly dividend of $0.67 per share, providing an annualized dividend yield of 6.5%, though its payout ratio stands at 165.43%.

Public Employees Retirement System of Ohio increased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 4.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 510,387 shares of the real estate investment trust's stock after buying an additional 22,333 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.18% of Omega Healthcare Investors worth $18,706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. purchased a new position in shares of Omega Healthcare Investors in the 1st quarter worth $29,000. Park Square Financial Group LLC purchased a new stake in shares of Omega Healthcare Investors during the fourth quarter worth about $61,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Omega Healthcare Investors by 562.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,828 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 1,552 shares during the last quarter. UMB Bank n.a. increased its holdings in Omega Healthcare Investors by 94.9% in 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 acquiring an additional 1,059 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Omega Healthcare Investors by 1,581.3% in the first quarter. Meeder Asset Management Inc. now owns 2,522 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 2,372 shares during the last quarter. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Trading Up 0.1%

NYSE OHI opened at $41.43 on Friday. The company has a fifty day simple moving average of $41.05 and a two-hundred day simple moving average of $38.52. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $44.42. 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 stock has a market cap of $12.22 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.17 and a beta of 0.71.

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, topping the consensus estimate of $0.45 by $0.32. The company had revenue of $235.60 million for the quarter, compared to the consensus estimate of $248.49 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. Omega Healthcare Investors's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. On average, analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.5%. The ex-dividend date was Monday, August 4th. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 165.43%.

Insider Activity

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $40.16, for a total transaction of $100,400.00. Following the sale, the director directly owned 18,654 shares of the company's stock, valued at approximately $749,144.64. This represents a 11.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Truist Financial upped their price target on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Scotiabank boosted their price objective on Omega Healthcare Investors from $39.00 to $42.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Raymond James Financial reissued an "outperform" rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Royal Bank Of Canada increased their price target 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. Finally, Mizuho lifted their price objective on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.75.

Omega Healthcare Investors 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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