Omega Healthcare Investors, Inc. $OHI Holdings Trimmed by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lessened its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 36.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 802 shares of the real estate investment trust’s stock after selling 462 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Omega Healthcare Investors were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in OHI. Triumph Capital Management purchased a new position in shares of Omega Healthcare Investors during the 2nd quarter valued at $321,000. MassMutual Private Wealth & Trust FSB boosted its position in Omega Healthcare Investors by 562.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,828 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,552 shares during the last quarter. RF&L Wealth Management LLC lifted its holdings in Omega Healthcare Investors by 3.8% during the 2nd quarter. RF&L Wealth Management LLC now owns 30,195 shares of the real estate investment trust’s stock worth $1,107,000 after buying an additional 1,104 shares in the last quarter. Teamwork Financial Advisors LLC grew its position in Omega Healthcare Investors by 6.9% during the 2nd quarter. Teamwork Financial Advisors LLC now owns 19,738 shares of the real estate investment trust’s stock worth $723,000 after purchasing an additional 1,273 shares during the last quarter. Finally, Greenfield Savings Bank grew its holdings in shares of Omega Healthcare Investors by 11.1% during the second quarter. Greenfield Savings Bank now owns 15,622 shares of the real estate investment trust’s stock worth $573,000 after buying an additional 1,557 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on OHI shares. Wells Fargo & Company upped 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 note on Wednesday, August 27th. Mizuho upped their price objective on Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Truist Financial lifted their price target on Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Raymond James Financial reissued an “outperform” rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Finally, Scotiabank boosted their price objective on 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. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.75.

Insider Transactions at Omega Healthcare Investors

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

Omega Healthcare Investors Stock Down 0.7%

Shares of OHI stock opened at $41.45 on Friday. 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 has a market cap of $12.23 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.17 and a beta of 0.71. The stock’s fifty day moving average price is $40.78 and its 200 day moving average price is $38.41.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, topping the consensus estimate of $0.45 by $0.32. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The business had revenue of $235.60 million for the quarter, compared to analyst estimates of $248.49 million. During the same quarter in the previous year, the company earned $0.71 EPS. The company’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 expect that Omega Healthcare Investors, Inc. 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 issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Monday, August 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 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.