Omega Healthcare Investors, Inc. $OHI Shares Purchased by Amalgamated Bank
by Teresa Graham · The Cerbat GemAmalgamated Bank lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 3.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,479 shares of the real estate investment trust’s stock after purchasing an additional 3,856 shares during the quarter. Amalgamated Bank’s holdings in Omega Healthcare Investors were worth $4,855,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC raised its stake in Omega Healthcare Investors by 59.0% in the 2nd quarter. Pallas Capital Advisors LLC now owns 11,915 shares of the real estate investment trust’s stock worth $437,000 after acquiring an additional 4,420 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Omega Healthcare Investors by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,058,107 shares of the real estate investment trust’s stock worth $154,533,000 after acquiring an additional 165,554 shares during the last quarter. GAMMA Investing LLC raised its stake in Omega Healthcare Investors by 14.2% in the 1st quarter. GAMMA Investing LLC now owns 4,572 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 568 shares during the last quarter. Principal Financial Group Inc. raised its stake in Omega Healthcare Investors by 4.7% in the 1st quarter. Principal Financial Group Inc. now owns 647,809 shares of the real estate investment trust’s stock worth $24,669,000 after acquiring an additional 29,001 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in Omega Healthcare Investors by 73.2% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 67,919 shares of the real estate investment trust’s stock worth $2,586,000 after acquiring an additional 28,701 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.
Insider Buying and Selling at Omega Healthcare Investors
In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of Omega Healthcare Investors stock in a transaction dated 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 $749,144.64. The trade was a 11.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
OHI has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Omega Healthcare Investors in a research note on Wednesday, October 8th. Raymond James Financial reiterated an “outperform” rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd. Mizuho lifted their price objective on Omega Healthcare Investors from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Wells Fargo & Company lifted 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. Finally, Scotiabank lifted 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. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.86.
Check Out Our Latest Report on OHI
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. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $44.42. The business has a 50-day moving average price of $41.47 and a 200 day moving average price of $39.12. The firm 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.
Omega Healthcare Investors (NYSE:OHI – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The firm had revenue of $260.74 million during the quarter, compared to analyst estimates of $262.48 million. During the same quarter in the previous year, the business earned $0.71 EPS. Omega Healthcare Investors’s revenue for the quarter 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. Sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Monday, November 3rd. Omega Healthcare Investors’s payout ratio is currently 165.43%.
About Omega Healthcare Investors
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.
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