AGF Management Ltd. Raises Stake in Omega Healthcare Investors, Inc. $OHI

AGF Management Ltd. increased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 9.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,161 shares of the real estate investment trust’s stock after buying an additional 8,749 shares during the period. AGF Management Ltd.’s holdings in Omega Healthcare Investors were worth $3,634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Omega Healthcare Investors during the 2nd quarter worth approximately $26,000. Bayforest Capital Ltd raised its stake in shares of Omega Healthcare Investors by 395.2% in the second quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 901 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Omega Healthcare Investors during the 2nd quarter valued at $41,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Omega Healthcare Investors by 562.3% during 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 acquiring an additional 1,552 shares during the period. Finally, Register Financial Advisors LLC purchased a new stake in Omega Healthcare Investors in the 2nd quarter worth about $73,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of Omega Healthcare Investors in a report on Tuesday, September 2nd. Scotiabank raised their price objective on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Cantor Fitzgerald started coverage on shares of Omega Healthcare Investors in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 price objective for the company. Mizuho increased their target price 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Omega Healthcare Investors in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Omega Healthcare Investors has a consensus rating of “Moderate Buy” and an average target price of $44.29.

Omega Healthcare Investors Stock Up 2.1%

Shares of NYSE OHI opened at $43.54 on Monday. 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 business has a 50-day moving average of $41.52 and a 200-day moving average of $39.28. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 1.85 and a beta of 0.69. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $43.62.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The business had revenue of $260.74 million during the quarter, compared to analyst estimates of $262.48 million. During the same period in the previous year, the business posted $0.71 earnings per share. Omega Healthcare Investors’s revenue for the quarter was up 14.4% on a year-over-year basis. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. Sell-side analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Monday, November 3rd. Omega Healthcare Investors’s dividend payout ratio is currently 149.72%.

Insiders Place Their Bets

In other news, CEO C Taylor Pickett acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was purchased at an average cost of $43.14 per share, for a total transaction of $862,800.00. Following the acquisition, the chief executive officer owned 20,000 shares of the company’s stock, valued at $862,800. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CIO Vikas Gupta acquired 11,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average cost of $42.97 per share, for a total transaction of $494,155.00. Following the completion of the acquisition, the executive owned 13,773 shares in the company, valued at $591,825.81. This represents a 505.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.50% of the stock is owned by corporate insiders.

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.