Cohen & Steers Inc. Lowers Stock Holdings in Omega Healthcare Investors, Inc. $OHI

Cohen & Steers Inc. lowered its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 21.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,446,614 shares of the real estate investment trust’s stock after selling 3,683,355 shares during the period. Omega Healthcare Investors accounts for 1.1% of Cohen & Steers Inc.’s investment portfolio, making the stock its 25th largest holding. Cohen & Steers Inc.’s holdings in Omega Healthcare Investors were worth $596,259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Omega Healthcare Investors by 3.4% in the third quarter. Vanguard Group Inc. now owns 42,152,368 shares of the real estate investment trust’s stock valued at $1,779,673,000 after purchasing an additional 1,386,887 shares during the period. State Street Corp grew its position in shares of Omega Healthcare Investors by 4.8% in the second quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust’s stock valued at $534,792,000 after purchasing an additional 671,473 shares during the period. Geode Capital Management LLC grew its position in shares of Omega Healthcare Investors by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 8,515,924 shares of the real estate investment trust’s stock valued at $377,648,000 after purchasing an additional 734,774 shares during the period. Invesco Ltd. grew its position in shares of Omega Healthcare Investors by 101.7% in the third quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock valued at $208,775,000 after purchasing an additional 2,493,877 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Omega Healthcare Investors by 18.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,457,975 shares of the real estate investment trust’s stock valued at $197,667,000 after acquiring an additional 696,759 shares during the last quarter. 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 $45.77 on Friday. Omega Healthcare Investors, Inc. has a twelve month low of $35.70 and a twelve month high of $49.33. The stock has a market capitalization of $13.63 billion, a P/E ratio of 22.11, a PEG ratio of 1.93 and a beta of 0.58. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.81. The business’s fifty day moving average price is $46.38 and its 200 day moving average price is $45.74.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). The firm had revenue of $322.96 million during the quarter, compared to analyst estimates of $264.07 million. Omega Healthcare Investors had a net margin of 51.14% and a return on equity of 11.86%. Omega Healthcare Investors’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. Omega Healthcare Investors has set its FY 2026 guidance at 3.190-3.250 EPS. As a group, research analysts anticipate that Omega Healthcare Investors, Inc. will post 3.1 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.68 annualized dividend and a dividend yield of 5.9%. Omega Healthcare Investors’s dividend payout ratio is presently 129.47%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OHI. Truist Financial reduced their target price on Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Tuesday. Weiss Ratings cut Omega Healthcare Investors from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 2nd. Citigroup lifted their target price on Omega Healthcare Investors from $50.00 to $52.00 and gave the company a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company lifted their target price on Omega Healthcare Investors from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Finally, UBS Group lifted their target price on Omega Healthcare Investors from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors presently has a consensus rating of “Hold” and an average target price of $49.00.

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.