Wellington Management Group LLP Decreases Stock Position in Omega Healthcare Investors, Inc. $OHI

Key Points

• Wellington Management cut its Omega Healthcare Investors stake by 40.5% in the second quarter, selling 111,851 shares and retaining 164,177 shares worth approximately $7.8 million. Institutional investors collectively own 65.25% of OHI.
• Analysts have a consensus “Hold” rating with an average price target of $49.50; recent targets ranged from $47 to $56, while Wells Fargo, Scotiabank, and Barclays lowered their estimates.
• Omega reported stronger-than-expected quarterly results, with EPS of $1.19 versus the $0.51 consensus and revenue up 16.2% year over year. The REIT also raised its quarterly dividend to $0.68 per share, implying a 5.8% yield.

Wellington Management Group LLP cut its position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 40.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,177 shares of the real estate investment trust's stock after selling 111,851 shares during the quarter. Wellington Management Group LLP owned about 0.05% of Omega Healthcare Investors worth $7,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in OHI. Resources Management Corp CT ADV raised its stake in Omega Healthcare Investors by 300.0% in the 4th quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 450 shares during the period. Smartleaf Asset Management LLC boosted its position in Omega Healthcare Investors by 40.9% during the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 268 shares during the period. Ascentis Independent Advisors purchased a new position in shares of Omega Healthcare Investors in the first quarter worth about $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Omega Healthcare Investors in the fourth quarter worth about $37,000. Finally, Rothschild Investment LLC raised its position in shares of Omega Healthcare Investors by 283.7% in the fourth quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 698 shares during the period. Institutional investors own 65.25% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on OHI. Wells Fargo & Company lowered their target price on shares of Omega Healthcare Investors from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 1st. UBS Group set a $47.00 price target on Omega Healthcare Investors in a report on Thursday, June 18th. Scotiabank decreased their price objective on Omega Healthcare Investors from $50.00 to $47.00 and set a "sector perform" rating on the stock in a research note on Thursday, June 18th. Barclays dropped their price objective on Omega Healthcare Investors from $51.00 to $50.00 and set an "underweight" rating on the stock in a report on Monday, August 31st. Finally, Cantor Fitzgerald raised their target price on Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of "Hold" and an average price target of $49.50.

Omega Healthcare Investors Price Performance

NYSE OHI opened at $47.04 on Wednesday. The company's 50 day simple moving average is $48.26 and its two-hundred day simple moving average is $47.08. Omega Healthcare Investors, Inc. has a 1 year low of $39.26 and a 1 year high of $52.39. The stock has a market capitalization of $14.25 billion, a PE ratio of 16.80, a P/E/G ratio of 1.88 and a beta of 0.58.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.68. The company had revenue of $328.25 million during the quarter, compared to analyst estimates of $266.97 million. Omega Healthcare Investors had a return on equity of 15.76% and a net margin of 66.96%.The firm's quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. On average, research analysts anticipate that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current year.

Omega Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a dividend of $0.68 per share. The ex-dividend date was Monday, August 3rd. This is a boost from Omega Healthcare Investors's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 5.8%. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 97.14%.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company's core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.

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