HighTower Advisors LLC Has $2.10 Million Position in Omega Healthcare Investors, Inc. $OHI

HighTower Advisors LLC lowered its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 14.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,169 shares of the real estate investment trust’s stock after selling 9,691 shares during the period. HighTower Advisors LLC’s holdings in Omega Healthcare Investors were worth $2,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OHI. Vanguard Group Inc. raised its holdings in shares of Omega Healthcare Investors by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 39,554,886 shares of the real estate investment trust’s stock valued at $1,506,250,000 after purchasing an additional 1,492,904 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Omega Healthcare Investors by 122.3% during the 1st quarter. Invesco Ltd. now owns 2,416,560 shares of the real estate investment trust’s stock valued at $92,023,000 after purchasing an additional 1,329,324 shares in the last quarter. Nuveen LLC bought a new position in shares of Omega Healthcare Investors during the 1st quarter valued at $42,513,000. Northern Trust Corp raised its holdings in shares of Omega Healthcare Investors by 49.4% during the 4th quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust’s stock valued at $123,951,000 after purchasing an additional 1,083,326 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Omega Healthcare Investors by 556.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,028,187 shares of the real estate investment trust’s stock valued at $39,143,000 after purchasing an additional 871,472 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $38.00 to $41.00 in a report on Monday, July 14th. Royal Bank Of Canada raised their price target on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Omega Healthcare Investors has a consensus rating of “Hold” and a consensus price target of $42.00.

Omega Healthcare Investors Stock Down 0.4%

Omega Healthcare Investors stock opened at $42.20 on Friday. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 2.24 and a beta of 0.66. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10. Omega Healthcare Investors, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $44.42. The firm has a fifty day moving average price of $38.50 and a two-hundred day moving average price of $37.61.

Omega Healthcare Investors (NYSE:OHI) last released its 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 firm had revenue of $235.60 million during the quarter, compared to analyst estimates of $248.49 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. As a group, analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a yield of 6.4%. Omega Healthcare Investors’s payout ratio is currently 165.43%.

Insider Activity

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the company’s stock in a transaction dated 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 owned 18,654 shares of the company’s stock, valued at approximately $749,144.64. This represents a 11.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Omega Healthcare Investors 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.