UMB Bank n.a. Grows Stake in Omega Healthcare Investors, Inc. $OHI

UMB Bank n.a. increased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 22.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,672 shares of the real estate investment trust’s stock after buying an additional 497 shares during the period. UMB Bank n.a.’s holdings in Omega Healthcare Investors were worth $98,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OHI. NBC Securities Inc. bought a new stake in shares of Omega Healthcare Investors during the 1st quarter valued at about $29,000. Park Square Financial Group LLC bought a new stake in Omega Healthcare Investors during the fourth quarter valued at approximately $61,000. MassMutual Private Wealth & Trust FSB grew its stake in Omega Healthcare Investors by 562.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,828 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 1,552 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Omega Healthcare Investors by 1,581.3% in the 1st quarter. Meeder Asset Management Inc. now owns 2,522 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 2,372 shares during the last quarter. Finally, Montag A & Associates Inc. raised its position in shares of Omega Healthcare Investors by 101.8% during the 1st quarter. Montag A & Associates Inc. now owns 3,015 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 1,521 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OHI has been the topic of a number of research reports. Wells Fargo & Company raised 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. Royal Bank Of Canada increased their price objective 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. Truist Financial boosted 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. Raymond James Financial reiterated an “outperform” rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Finally, Mizuho lifted their price target 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. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.75.

Insiders Place Their Bets

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the company’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 transaction, the director owned 18,654 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $41.42 on Thursday. Omega Healthcare Investors, Inc. has a 1-year low of $35.04 and a 1-year high of $44.42. The firm has a market cap of $12.22 billion, a P/E ratio of 25.56, a P/E/G ratio of 2.18 and a beta of 0.71. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average of $40.97 and a 200-day moving average of $38.49.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.32. The business had revenue of $235.60 million during the quarter, compared to analyst estimates 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 company posted $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. Sell-side analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Monday, August 4th. Omega Healthcare Investors’s dividend payout ratio is presently 165.43%.

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.