Smith Asset Management Co. LLC Invests $839,000 in Omega Healthcare Investors, Inc. $OHI

Key Points

• Smith Asset Management Co. LLC acquired a new stake in Omega Healthcare Investors, purchasing 22,020 shares valued at approximately $839,000.
• Several institutional investors have increased their holdings in Omega Healthcare Investors, with GAMMA Investing LLC raising its stake by an impressive 4,248.2% in the first quarter.
• Recent brokerages have elevated their target prices for Omega Healthcare Investors, with Wells Fargo & Company and others boosting targets to between $41.00 and $44.00, indicating a positive outlook for the stock.

Smith Asset Management Co. LLC acquired a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,020 shares of the real estate investment trust's stock, valued at approximately $839,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC acquired a new position in shares of Omega Healthcare Investors in the first quarter valued at approximately $4,387,000. United Services Automobile Association increased its stake in shares of Omega Healthcare Investors by 1.8% in the first quarter. United Services Automobile Association now owns 16,598 shares of the real estate investment trust's stock valued at $632,000 after buying an additional 291 shares during the period. Caxton Associates LLP acquired a new position in shares of Omega Healthcare Investors in the first quarter valued at approximately $2,155,000. Everstar Asset Management LLC increased its stake in shares of Omega Healthcare Investors by 58.2% in the first quarter. Everstar Asset Management LLC now owns 20,529 shares of the real estate investment trust's stock valued at $782,000 after buying an additional 7,552 shares during the period. Finally, Kestra Investment Management LLC increased its stake in shares of Omega Healthcare Investors by 1.7% in the first quarter. Kestra Investment Management LLC now owns 25,388 shares of the real estate investment trust's stock valued at $967,000 after buying an additional 416 shares during the period. Institutional investors and hedge funds own 65.25% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on OHI shares. Truist Financial upped their target price on Omega Healthcare Investors from $39.00 to $44.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Wells Fargo & Company upped their target price on Omega Healthcare Investors from $41.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Scotiabank upped their target price 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. Mizuho upped their target price on Omega Healthcare Investors from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Royal Bank Of Canada upped their target price on Omega Healthcare Investors from $39.00 to $41.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.75.

Insider Activity

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $40.16, for a total transaction of $100,400.00. Following the transaction, the director directly owned 18,654 shares in the company, valued at approximately $749,144.64. This represents a 11.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company's stock.

Omega Healthcare Investors Trading Down 0.0%

Shares of Omega Healthcare Investors stock traded down $0.01 on Friday, reaching $42.49. 1,550,013 shares of the company's stock were exchanged, compared to its average volume of 1,686,146. The company has a market capitalization of $12.53 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 2.23 and a beta of 0.71. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $44.42. The firm's 50-day moving average is $40.26 and its two-hundred day moving average is $38.24. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10.

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 analysts' consensus estimates of $0.45 by $0.32. The firm had revenue of $235.60 million for the quarter, compared to analysts' expectations of $248.49 million. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The company's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. Sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Monday, August 4th. Omega Healthcare Investors's dividend payout ratio is presently 165.43%.

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.