Hsbc Holdings PLC bought a new position in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 926,367 shares of the real estate investment trust’s stock, valued at approximately $44,398,000.
A number of other hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Omega Healthcare Investors by 29.4% during the first quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust’s stock worth $5,496,000 after buying an additional 32,798 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Omega Healthcare Investors by 3.1% in the first quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust’s stock valued at $756,000 after acquiring an additional 597 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Omega Healthcare Investors in the 2nd quarter worth approximately $257,000. Guggenheim Capital LLC boosted its holdings in shares of Omega Healthcare Investors by 1.0% in the 2nd quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust’s stock worth $1,077,000 after acquiring an additional 280 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Omega Healthcare Investors by 32.8% during the 2nd quarter. First Trust Advisors LP now owns 193,099 shares of the real estate investment trust’s stock worth $7,077,000 after acquiring an additional 47,649 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on OHI. Royal Bank Of Canada raised their price target on Omega Healthcare Investors from $47.00 to $48.00 and gave the company a “sector perform” rating in a report on Monday, May 4th. Scotiabank decreased their target price on Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 30th. Wells Fargo & Company raised their target price on Omega Healthcare Investors from $47.00 to $49.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $52.00 price target on shares of Omega Healthcare Investors in a report on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.21.
Omega Healthcare Investors Price Performance
OHI opened at $47.02 on Thursday. The stock has a market capitalization of $14.25 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 1.90 and a beta of 0.57. The company’s 50 day simple moving average is $48.28 and its 200-day simple moving average is $47.09. Omega Healthcare Investors, Inc. has a one year low of $39.26 and a one year high of $52.39.
Omega Healthcare Investors (NYSE:OHI – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.68. Omega Healthcare Investors had a net margin of 66.96% and a return on equity of 15.76%. The firm had revenue of $328.25 million during the quarter, compared to analysts’ expectations of $266.97 million. During the same quarter in the previous year, the company posted $0.77 EPS. Omega Healthcare Investors’s revenue was up 16.2% on a year-over-year basis. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. As a group, analysts anticipate that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current year.
Omega Healthcare Investors Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a dividend of $0.68 per share. The ex-dividend date was Monday, August 3rd. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.8%. Omega Healthcare Investors’s dividend payout ratio is presently 97.14%.
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.
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