Truvestments Capital LLC Has $3.25 Million Holdings in Omega Healthcare Investors, Inc. $OHI

Key Points

• Truvestments Capital LLC significantly increased its stake in Omega Healthcare Investors, Inc. by 7,837.2%, owning a total of 85,404 shares valued at $3,252,000 by the end of the first quarter.
• The company reported $0.77 earnings per share, surpassing analysts' expectations of $0.45, alongside a year-over-year revenue increase of 11.8%.
• Omega Healthcare Investors announced a quarterly dividend of $0.67 per share, equating to a 6.4% dividend yield, with a payout ratio of 165.43%.

Truvestments Capital LLC increased its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 7,837.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,404 shares of the real estate investment trust's stock after acquiring an additional 84,328 shares during the quarter. Truvestments Capital LLC's holdings in Omega Healthcare Investors were worth $3,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC acquired a new position in Omega Healthcare Investors in the 1st quarter valued at $431,000. CreativeOne Wealth LLC grew its holdings in Omega Healthcare Investors by 3.4% in the 1st quarter. CreativeOne Wealth LLC now owns 9,487 shares of the real estate investment trust's stock valued at $361,000 after buying an additional 310 shares in the last quarter. Ieq Capital LLC grew its holdings in Omega Healthcare Investors by 938.9% in the 1st quarter. Ieq Capital LLC now owns 61,266 shares of the real estate investment trust's stock valued at $2,333,000 after buying an additional 55,369 shares in the last quarter. Samalin Investment Counsel LLC grew its holdings in Omega Healthcare Investors by 9.6% in the 1st quarter. Samalin Investment Counsel LLC now owns 23,664 shares of the real estate investment trust's stock valued at $901,000 after buying an additional 2,082 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Omega Healthcare Investors by 163.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,371,945 shares of the real estate investment trust's stock valued at $52,244,000 after buying an additional 851,299 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI traded up $0.33 during mid-day trading on Monday, reaching $42.53. The company had a trading volume of 1,771,023 shares, 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. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $44.42. The firm has a market cap of $12.55 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 2.26 and a beta of 0.71. The business's 50-day simple moving average is $39.06 and its 200 day simple moving average is $37.80.

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 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.32. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The company had revenue of $235.60 million for the quarter, compared to analysts' expectations of $248.49 million. During the same quarter last year, the business earned $0.71 earnings per share. Omega Healthcare Investors's revenue 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, research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal 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 $0.67 dividend. The ex-dividend date was Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.3%. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 165.43%.

Insider Activity at Omega Healthcare Investors

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of the firm's stock in a transaction on Friday, August 8th. The stock was 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 in the company, valued at approximately $749,144.64. This trade represents a 11.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on OHI. Scotiabank upped 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. Wells Fargo & Company upped their price objective on Omega Healthcare Investors from $41.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Finally, Royal Bank Of Canada upped their price objective 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. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $42.75.

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.