Short Interest in Omega Healthcare Investors, Inc. (NYSE:OHI) Expands By 29.1%

Key Points

• Omega Healthcare Investors reported a 29.1% increase in short interest, rising to 10,680,000 shares as of August 15th, indicating heightened market speculation against the stock.
• The company beat earnings expectations with an EPS of $0.77 for the quarter, surpassing consensus estimates of $0.45, while revenue increased by 11.8% year-over-year.
• Omega Healthcare declared a quarterly dividend of $0.67, which translates to a 6.3% dividend yield, despite a high payout ratio of 165.43%.

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) saw a significant increase in short interest in August. As of August 15th, there was short interest totaling 10,680,000 shares, an increase of 29.1% from the July 31st total of 8,270,000 shares. Based on an average daily trading volume, of 2,380,000 shares, the short-interest ratio is currently 4.5 days. Based on an average daily trading volume, of 2,380,000 shares, the short-interest ratio is currently 4.5 days.

Insiders Place Their Bets

In other Omega Healthcare Investors 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 sale, the director directly owned 18,654 shares in the company, valued at $749,144.64. This trade represents a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its holdings 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 buying an additional 268 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Omega Healthcare Investors by 7.1% during the second quarter. Farther Finance Advisors LLC now owns 4,182 shares of the real estate investment trust's stock worth $153,000 after buying an additional 279 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in Omega Healthcare Investors by 1.0% during the second quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust's stock worth $1,077,000 after buying an additional 280 shares in the last quarter. United Services Automobile Association boosted its holdings in Omega Healthcare Investors by 1.8% during the first quarter. United Services Automobile Association now owns 16,598 shares of the real estate investment trust's stock worth $632,000 after buying an additional 291 shares in the last quarter. Finally, Optimum Investment Advisors boosted its holdings in Omega Healthcare Investors by 8.9% during the first quarter. Optimum Investment Advisors now owns 3,666 shares of the real estate investment trust's stock worth $140,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Wall Street Analysts Forecast Growth

OHI has been the topic of a number of research analyst reports. Raymond James Financial reiterated an "outperform" rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Truist Financial lifted their target price on Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. Royal Bank Of Canada boosted their price target 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 boosted their price target 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, Scotiabank boosted their price target on Omega Healthcare Investors from $39.00 to $42.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Five 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.75.

Omega Healthcare Investors Stock Performance

OHI traded down $0.01 on Friday, hitting $42.49. 1,550,013 shares of the company's stock were exchanged, compared to its average volume of 1,686,146. The firm has a market cap of $12.53 billion, a PE ratio of 26.23, a P/E/G ratio of 2.23 and a beta of 0.71. Omega Healthcare Investors has a twelve month low of $35.04 and a twelve month high of $44.42. The stock has a fifty day moving average of $40.26 and a two-hundred day moving average of $38.25. 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 released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.32. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The firm had revenue of $235.60 million for the quarter, compared to analyst estimates of $248.49 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. Omega Healthcare Investors's quarterly 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 anticipate that Omega Healthcare Investors will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Monday, August 4th. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 165.43%.

About Omega Healthcare Investors

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.