QRG Capital Management Inc. Reduces Holdings in Omega Healthcare Investors, Inc. $OHI

QRG Capital Management Inc. lowered its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 47.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 34,976 shares of the real estate investment trust’s stock after selling 32,163 shares during the period. QRG Capital Management Inc.’s holdings in Omega Healthcare Investors were worth $1,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Omega Healthcare Investors in the second quarter valued at about $26,000. Smartleaf Asset Management LLC raised its holdings 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 acquiring an additional 268 shares during the last quarter. CENTRAL TRUST Co lifted its stake 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 worth $37,000 after purchasing an additional 943 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Omega Healthcare Investors during the 3rd quarter worth approximately $39,000. Finally, 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 in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Up 0.7%

NYSE:OHI opened at $45.02 on Wednesday. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $46.36. The stock’s fifty day moving average is $44.69 and its two-hundred day moving average is $42.14. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.90 and a beta of 0.57. The company has a quick ratio of 7.11, a current ratio of 7.11 and a debt-to-equity ratio of 0.95.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data 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 return on equity of 10.72% and a net margin of 46.83%.The firm had revenue of $311.59 million for the quarter, compared to the consensus estimate of $262.48 million. During the same quarter in the previous year, the business 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 anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.68 annualized dividend and a dividend yield of 6.0%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 149.72%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OHI. Jefferies Financial Group reissued a “hold” rating and set a $45.00 price objective on shares of Omega Healthcare Investors in a research note on Monday, December 15th. Citigroup reiterated a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of Omega Healthcare Investors in a report on Wednesday, November 12th. UBS Group raised their price objective on shares of Omega Healthcare Investors from $50.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Cantor Fitzgerald initiated coverage on shares of Omega Healthcare Investors in a report on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price target for the company. Finally, BMO Capital Markets downgraded Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 target price on the stock. in a research report on Friday, January 9th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.09.

Insider Activity at Omega Healthcare Investors

In other Omega Healthcare Investors news, CIO Vikas Gupta acquired 11,500 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $591,825.81. This trade represents a 505.94% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Taylor Pickett bought 20,000 shares of Omega Healthcare Investors stock in a transaction on Wednesday, November 5th. The shares were acquired at an average price of $43.14 per share, for a total transaction of $862,800.00. Following the completion of the acquisition, the chief executive officer owned 20,000 shares in the company, valued at $862,800. This represents a ∞ 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.

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.