Raymond James Financial Inc. Has $22.04 Million Stock Position in Omega Healthcare Investors, Inc. $OHI

Key Points

• Raymond James Financial Inc. increased its stake in Omega Healthcare Investors, Inc. by 9.2%, acquiring an additional 48,775 shares to hold approximately $22 million in value.
• Omega Healthcare Investors posted $0.77 EPS for the last quarter, exceeding analysts' estimates, while quarterly revenue rose by 11.8% year-over-year.
• The company recently declared a quarterly dividend of $0.67 per share, reflecting an annual yield of 6.4% and a payout ratio of 165.43%.

Raymond James Financial Inc. lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 9.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 578,699 shares of the real estate investment trust's stock after purchasing an additional 48,775 shares during the quarter. Raymond James Financial Inc. owned 0.20% of Omega Healthcare Investors worth $22,037,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. bought a new position in shares of Omega Healthcare Investors during the first quarter worth approximately $29,000. Dunhill Financial LLC increased its holdings in shares of Omega Healthcare Investors by 97.9% during the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 750 shares during the period. CoreCap Advisors LLC increased its holdings in shares of Omega Healthcare Investors by 177.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 1,009 shares during the period. Park Square Financial Group LLC bought a new position in shares of Omega Healthcare Investors during the fourth quarter worth approximately $61,000. Finally, UMB Bank n.a. increased its holdings in shares of Omega Healthcare Investors by 94.9% during the first quarter. UMB Bank n.a. now owns 2,175 shares of the real estate investment trust's stock worth $83,000 after purchasing an additional 1,059 shares during the period. 65.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 18,654 shares in the company, valued at $749,144.64. This trade 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 link. 1.50% of the stock is owned by corporate insiders.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI traded up $0.33 during trading hours on Monday, hitting $42.53. 1,771,023 shares of the stock were exchanged, compared to its average volume of 2,147,722. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. The company has a market cap of $12.55 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.71. The company's fifty day simple moving average is $39.06 and its two-hundred day simple moving average is $37.80. Omega Healthcare Investors, Inc. has a 1-year low of $35.04 and a 1-year high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $248.49 million. During the same quarter last year, the business posted $0.71 EPS. The firm'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, sell-side 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. Shareholders of record on Monday, August 4th were given a $0.67 dividend. The ex-dividend date was Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a yield of 6.3%. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 165.43%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Scotiabank increased 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 report on Thursday. Finally, Royal Bank Of Canada increased their price target on shares of 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. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $42.75.

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.