Sterling Investment Advisors Ltd. Takes Position in Omega Healthcare Investors, Inc. $OHI

Key Points

• Sterling Investment Advisors Ltd. acquired 57,995 shares of Omega Healthcare Investors, valued at approximately $2.126 million, in the second quarter.
• The company recently declared a quarterly dividend of $0.67 per share, resulting in an annualized dividend yield of 6.5%.
• Omega Healthcare Investors reported an EPS of $0.77 in its last quarterly earnings, beating estimates and showing an 11.8% increase in revenue year-over-year.

Sterling Investment Advisors Ltd. purchased a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 57,995 shares of the real estate investment trust's stock, valued at approximately $2,126,000.

A number of other hedge funds also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in shares of Omega Healthcare Investors by 7.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,182 shares of the real estate investment trust's stock worth $153,000 after acquiring an additional 279 shares during the last quarter. United Services Automobile Association lifted its holdings in shares of Omega Healthcare Investors by 1.8% during the 1st quarter. United Services Automobile Association now owns 16,598 shares of the real estate investment trust's stock worth $632,000 after acquiring an additional 291 shares during the last quarter. Optimum Investment Advisors lifted its holdings in shares of Omega Healthcare Investors by 8.9% during the 1st quarter. Optimum Investment Advisors now owns 3,666 shares of the real estate investment trust's stock worth $140,000 after acquiring an additional 300 shares during the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of Omega Healthcare Investors by 3.4% during the 1st quarter. CreativeOne Wealth LLC now owns 9,487 shares of the real estate investment trust's stock worth $361,000 after acquiring an additional 310 shares during the last quarter. Finally, Values First Advisors Inc. lifted its holdings in shares of Omega Healthcare Investors by 1.6% during the 1st quarter. Values First Advisors Inc. now owns 19,692 shares of the real estate investment trust's stock worth $750,000 after acquiring an additional 314 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Insider Activity

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

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI opened at $41.55 on Tuesday. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 2.19 and a beta of 0.71. The company has a 50-day moving average price of $41.19 and a 200-day moving average price of $38.61. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96. 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 data on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate of $0.45 by $0.32. The firm had revenue of $235.60 million during 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%. The company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. As a group, equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

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. The ex-dividend date was Monday, August 4th. This represents a $2.68 annualized dividend and a dividend yield of 6.5%. Omega Healthcare Investors's payout ratio is currently 165.43%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OHI. Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Royal Bank Of Canada boosted 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 note on Thursday, August 7th. Raymond James Financial reissued an "outperform" rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd. Mizuho boosted their price target on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Finally, Scotiabank boosted 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. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.75.

About Omega Healthcare Investors

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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