Omega Healthcare Investors, Inc. $OHI Shares Acquired by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Omega Healthcare Investors by 25.7%, acquiring an additional 87,287 shares, bringing its total ownership to 427,360 shares valued at approximately $16.27 million.
• Omega Healthcare Investors reported a quarterly EPS of $0.77, exceeding analysts' expectations, with a revenue of $235.6 million, slightly below estimates.
• Omega Healthcare has declared a quarterly dividend of $0.67, representing an annual yield of 6.4%, with a high dividend payout ratio of 165.43%.

Wellington Management Group LLP grew its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 25.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 427,360 shares of the real estate investment trust's stock after purchasing an additional 87,287 shares during the quarter. Wellington Management Group LLP owned 0.15% of Omega Healthcare Investors worth $16,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PFG Investments LLC lifted its stake in shares of Omega Healthcare Investors by 20.4% during the first quarter. PFG Investments LLC now owns 70,762 shares of the real estate investment trust's stock worth $2,695,000 after purchasing an additional 11,970 shares in the last quarter. Columbus Macro LLC acquired a new position in shares of Omega Healthcare Investors during the first quarter worth about $6,353,000. GAMMA Investing LLC lifted its stake in shares of Omega Healthcare Investors by 4,248.2% during the first quarter. GAMMA Investing LLC now owns 174,102 shares of the real estate investment trust's stock worth $6,630,000 after purchasing an additional 170,098 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Omega Healthcare Investors by 2,777.6% during the fourth quarter. Two Sigma Advisers LP now owns 333,800 shares of the real estate investment trust's stock worth $12,634,000 after purchasing an additional 322,200 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Omega Healthcare Investors by 5.0% during the first quarter. Asset Management One Co. Ltd. now owns 514,967 shares of the real estate investment trust's stock worth $19,610,000 after purchasing an additional 24,640 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Stock Up 0.8%

NYSE OHI traded up $0.33 on Monday, hitting $42.53. 1,771,023 shares of the stock traded hands, compared to its average volume of 2,147,722. The stock has a 50-day moving average of $39.06 and a 200 day moving average of $37.80. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $44.42. The company has a market capitalization of $12.55 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.71. 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 (NYSE:OHI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $235.60 million for the quarter, compared to analysts' expectations of $248.49 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Omega Healthcare Investors's revenue for the quarter was up 11.8% compared to the same quarter last year. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. As a group, analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on OHI. Scotiabank boosted their price target on Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Thursday. Royal Bank Of Canada boosted their price target on 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. Finally, Wells Fargo & Company boosted their price target on Omega Healthcare Investors from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Omega Healthcare Investors has an average rating of "Hold" and a consensus price target of $42.75.

Insider Transactions at Omega Healthcare Investors

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the company's 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 sale, the director owned 18,654 shares in the company, valued at $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 through this link. 1.50% of the stock is owned by insiders.

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.