Omega Healthcare Investors, Inc. $OHI Shares Sold by Burney Co.

Burney Co. cut its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 31.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 253,141 shares of the real estate investment trust’s stock after selling 114,666 shares during the quarter. Burney Co. owned approximately 0.09% of Omega Healthcare Investors worth $10,688,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Omega Healthcare Investors in the second quarter valued at approximately $26,000. Smartleaf Asset Management LLC raised its position in Omega Healthcare Investors by 40.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 268 shares during the last quarter. CENTRAL TRUST Co raised its position in Omega Healthcare Investors by 1,654.4% in the 2nd quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 943 shares during the last quarter. Salem Investment Counselors Inc. acquired a new stake in Omega Healthcare Investors during the 3rd quarter worth $39,000. Finally, Bayforest Capital Ltd grew its position in Omega Healthcare Investors by 395.2% during the 2nd quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 901 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Insiders Place Their Bets

In related news, CEO C Taylor Pickett acquired 20,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at approximately $862,800. This trade represents a ∞ increase in their position. 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 bought at an average cost of $42.97 per share, for a total transaction of $494,155.00. Following the purchase, the executive owned 13,773 shares of the company’s stock, valued at approximately $591,825.81. The trade was a 505.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

OHI has been the subject of a number of research reports. Citigroup reaffirmed a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Omega Healthcare Investors in a report on Wednesday, November 12th. Royal Bank Of Canada boosted their price target on 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. Wells Fargo & Company increased their price objective on Omega Healthcare Investors from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. UBS Group assumed coverage on Omega Healthcare Investors in a report on Tuesday, November 18th. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Raymond James Financial restated an “outperform” rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.44.

Omega Healthcare Investors Stock Performance

NYSE OHI opened at $44.49 on Friday. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.96 and a beta of 0.56. The business’s 50 day moving average is $43.70 and its two-hundred day moving average is $41.15. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $46.36. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.95.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Omega Healthcare Investors had a return on equity of 10.72% and a net margin of 46.83%.The business had revenue of $311.59 million during the quarter, compared to analysts’ expectations of $262.48 million. During the same period last year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. Research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Monday, November 3rd. Omega Healthcare Investors’s payout ratio is presently 149.72%.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.