Omega Healthcare Investors, Inc. $OHI Shares Acquired by Allworth Financial LP

Allworth Financial LP grew its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 1,700.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,495 shares of the real estate investment trust’s stock after buying an additional 43,913 shares during the quarter. Allworth Financial LP’s holdings in Omega Healthcare Investors were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in OHI. Pallas Capital Advisors LLC increased its position in shares of Omega Healthcare Investors by 59.0% during the 2nd quarter. Pallas Capital Advisors LLC now owns 11,915 shares of the real estate investment trust’s stock valued at $437,000 after purchasing an additional 4,420 shares during the period. Dimensional Fund Advisors LP boosted its stake in Omega Healthcare Investors by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,058,107 shares of the real estate investment trust’s stock valued at $154,533,000 after buying an additional 165,554 shares in the last quarter. Ontario Teachers Pension Plan Board grew its holdings in Omega Healthcare Investors by 73.2% during the first quarter. Ontario Teachers Pension Plan Board now owns 67,919 shares of the real estate investment trust’s stock worth $2,586,000 after acquiring an additional 28,701 shares during the period. CWM LLC raised its position in Omega Healthcare Investors by 161.8% in the first quarter. CWM LLC now owns 23,598 shares of the real estate investment trust’s stock worth $899,000 after acquiring an additional 14,583 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Omega Healthcare Investors by 58.6% in the first quarter. Envestnet Asset Management Inc. now owns 460,755 shares of the real estate investment trust’s stock worth $17,546,000 after acquiring an additional 170,179 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Citigroup restated a “buy” rating and set a $50.00 target price (up from $45.00) on shares of Omega Healthcare Investors in a report on Wednesday. Cantor Fitzgerald started coverage on shares of Omega Healthcare Investors in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 price target on the stock. Wells Fargo & Company upped their price target on Omega Healthcare Investors from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Omega Healthcare Investors in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.38.

Omega Healthcare Investors Stock Down 0.6%

Shares of NYSE:OHI opened at $43.42 on Friday. The firm has a 50 day simple moving average of $41.62 and a 200 day simple moving average of $39.43. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $44.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. The company has a market cap of $12.83 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.85 and a beta of 0.69.

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. The company had revenue of $311.59 million for the quarter, compared to the consensus estimate of $262.48 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. As a group, research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

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

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.