Wright Investors Service Inc. Boosts Stock Holdings in Omega Healthcare Investors, Inc. $OHI

Key Points

• Wright Investors Service Inc. increased its stake in Omega Healthcare Investors by 53.8%, owning 51,892 shares valued at $1.90 million by the end of the second quarter.
• The company's recent quarterly earnings reported an EPS of $0.77, exceeding estimates, with revenues reaching $235.60 million, despite a slight miss from projections.
• Omega Healthcare Investors declared a quarterly dividend of $0.67 per share, resulting in an annualized yield of 6.5%, with a payout ratio of 165.43%.

Wright Investors Service Inc. increased its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 53.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,892 shares of the real estate investment trust's stock after acquiring an additional 18,162 shares during the period. Wright Investors Service Inc.'s holdings in Omega Healthcare Investors were worth $1,902,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of OHI. Pallas Capital Advisors LLC lifted its stake in shares of Omega Healthcare Investors by 59.0% in the second quarter. Pallas Capital Advisors LLC now owns 11,915 shares of the real estate investment trust's stock worth $437,000 after buying an additional 4,420 shares in the last quarter. PFG Investments LLC lifted its stake in shares of Omega Healthcare Investors by 20.4% in the first quarter. PFG Investments LLC now owns 70,762 shares of the real estate investment trust's stock worth $2,695,000 after buying an additional 11,970 shares in the last quarter. Columbus Macro LLC bought a new position in shares of Omega Healthcare Investors in the first quarter worth approximately $6,353,000. GAMMA Investing LLC lifted its stake in shares of Omega Healthcare Investors by 4,248.2% in the first quarter. GAMMA Investing LLC now owns 174,102 shares of the real estate investment trust's stock worth $6,630,000 after buying an additional 170,098 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of Omega Healthcare Investors by 2,777.6% in 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 buying an additional 322,200 shares in the last quarter. Institutional investors own 65.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on OHI shares. Scotiabank upped their target price 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. Royal Bank Of Canada upped their target price 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. Mizuho upped their target price 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. Truist Financial upped their target price on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.75.

Insiders Place Their Bets

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of the firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $40.16, for a total transaction of $100,400.00. Following the completion of the transaction, the director directly owned 18,654 shares of the company's stock, valued at approximately $749,144.64. This trade represents a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company's stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI traded up $0.56 during midday trading on Tuesday, reaching $41.62. The stock had a trading volume of 903,343 shares, compared to its average volume of 2,333,670. The stock has a 50-day moving average of $40.83 and a 200-day moving average of $38.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 2.17 and a beta of 0.71. 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 announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. As a group, research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Monday, August 4th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 165.43%.

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.