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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OHI. Millennium Management LLC increased its holdings in Omega Healthcare Investors by 573.6% in the 4th quarter. Millennium Management LLC now owns 272,946 shares of the real estate investment trust's stock worth $10,331,000 after acquiring an additional 232,424 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Omega Healthcare Investors by 12.4% during the fourth quarter. ProShare Advisors LLC now owns 12,630 shares of the real estate investment trust's stock worth $478,000 after purchasing an additional 1,390 shares in the last quarter. Snowden Capital Advisors LLC grew its position in shares of Omega Healthcare Investors by 13.3% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,713 shares of the real estate investment trust's stock worth $254,000 after purchasing an additional 786 shares in the last quarter. Two Sigma Investments LP grew its position in shares of Omega Healthcare Investors by 548.3% during the fourth quarter. Two Sigma Investments LP now owns 480,040 shares of the real estate investment trust's stock worth $18,170,000 after purchasing an additional 405,999 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position 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. 65.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business'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 completion of the sale, the director directly owned 18,654 shares in the company, valued at approximately $749,144.64. The trade was a 11.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company's stock.

Omega Healthcare Investors Price Performance

NYSE OHI traded down $0.47 during trading hours on Monday, reaching $41.06. The company's stock had a trading volume of 2,840,562 shares, compared to its average volume of 2,340,842. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 2.17 and a beta of 0.71. Omega Healthcare Investors, Inc. has a 1-year low of $35.04 and a 1-year high of $44.42. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10. The company's 50-day moving average is $40.83 and its two-hundred day moving average is $38.45.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.32. The company had revenue of $235.60 million during the quarter, compared to analysts' expectations of $248.49 million. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.Omega Healthcare Investors's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. On average, equities analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Raymond James Financial reiterated an "outperform" rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Mizuho lifted their target price on Omega Healthcare Investors from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. Royal Bank Of Canada lifted their target price on Omega Healthcare Investors from $39.00 to $41.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Wells Fargo & Company lifted their target price on Omega Healthcare Investors from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Finally, Truist Financial lifted their price target on Omega Healthcare Investors from $39.00 to $44.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Omega Healthcare Investors has a consensus rating of "Moderate Buy" and a consensus target price of $43.75.

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.