Coppell Advisory Solutions LLC bought a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 44,192 shares of the real estate investment trust’s stock, valued at approximately $1,617,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Omega Healthcare Investors in the second quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its position in Omega Healthcare Investors by 40.9% during the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 268 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Omega Healthcare Investors by 1,654.4% during the second quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 943 shares during the period. Bayforest Capital Ltd grew its position 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 purchasing an additional 901 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Omega Healthcare Investors during the second quarter worth approximately $41,000. 65.25% of the stock is currently owned by institutional investors.
Insider Activity at Omega Healthcare Investors
In other news, CIO Vikas Gupta bought 11,500 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was bought at an average cost of $42.97 per share, for a total transaction of $494,155.00. Following the transaction, the executive owned 13,773 shares of the company’s stock, valued at $591,825.81. This represents a 505.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Taylor Pickett purchased 20,000 shares of Omega Healthcare Investors stock in a transaction that occurred on Wednesday, November 5th. The shares were purchased at an average price 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 in the company, valued at $862,800. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 1.50% of the stock is currently owned by insiders.
Omega Healthcare Investors Price Performance
Omega Healthcare Investors (NYSE:OHI – Get Free Report) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping 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 company had revenue of $311.59 million for the quarter, compared to analyst estimates of $262.48 million. During the same period in the prior year, the firm posted $0.71 EPS. Omega Healthcare Investors’s quarterly revenue 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. As a group, equities analysts predict 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 was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Monday, November 3rd. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 149.72%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. UBS Group assumed coverage on Omega Healthcare Investors in a report on Tuesday, November 18th. They set a “buy” rating and a $50.00 price target for the company. Cantor Fitzgerald assumed coverage on Omega Healthcare Investors in a report on Wednesday, October 1st. They set an “overweight” rating and a $50.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Omega Healthcare Investors from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Citigroup restated a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Omega Healthcare Investors in a research note on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Omega Healthcare Investors in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of “Moderate Buy” and an average target price of $46.63.
Check Out Our Latest Research Report on Omega Healthcare Investors
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.
Featured Stories
- Five stocks we like better than Omega Healthcare Investors
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Disney’s $1 Billion Deal Brings Its Magic to OpenAI
- Using the MarketBeat Dividend Tax Calculator
- Why Amazon Could Be a $300 Stock Within Weeks
- 3 Dividend Kings To Consider
- Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside
Want to see what other hedge funds are holding OHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report).
Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.
