Retirement Systems of Alabama Raises Stake in Omega Healthcare Investors, Inc. $OHI

Retirement Systems of Alabama boosted its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 353,707 shares of the real estate investment trust’s stock after buying an additional 10,678 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Omega Healthcare Investors worth $12,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Omega Healthcare Investors by 3.9% in the first quarter. Vanguard Group Inc. now owns 39,554,886 shares of the real estate investment trust’s stock worth $1,506,250,000 after buying an additional 1,492,904 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Omega Healthcare Investors by 2.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,100,891 shares of the real estate investment trust’s stock valued at $156,162,000 after purchasing an additional 114,665 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of 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 purchasing an additional 165,554 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Omega Healthcare Investors by 6.4% during the first quarter. Bank of New York Mellon Corp now owns 3,123,152 shares of the real estate investment trust’s stock valued at $118,930,000 after purchasing an additional 188,481 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Omega Healthcare Investors by 430.8% during the first quarter. AQR Capital Management LLC now owns 2,862,117 shares of the real estate investment trust’s stock valued at $108,989,000 after purchasing an additional 2,322,878 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock opened at $42.07 on Friday. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.96. The company has a market cap of $12.41 billion, a PE ratio of 25.97, a P/E/G ratio of 1.85 and a beta of 0.70. The business has a 50 day moving average of $41.47 and a 200 day moving average of $39.12. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $44.42.

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

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a $0.67 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 6.4%. Omega Healthcare Investors’s dividend payout ratio is 165.43%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Scotiabank increased their price objective on Omega Healthcare Investors from $39.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Omega Healthcare Investors in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price objective on Omega Healthcare Investors from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Cantor Fitzgerald assumed coverage on Omega Healthcare Investors in a research note on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price objective for the company. Finally, Truist Financial increased their price objective on Omega Healthcare Investors from $39.00 to $44.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Omega Healthcare Investors has a consensus rating of “Moderate Buy” and an average price target of $43.86.

Insider Transactions at Omega Healthcare Investors

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $40.16, for a total value of $100,400.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

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.