Omega Healthcare Investors, Inc. $OHI Shares Acquired by Sound Income Strategies LLC

by · The Cerbat Gem

Sound Income Strategies LLC lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 1,616.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 234,027 shares of the real estate investment trust’s stock after purchasing an additional 220,389 shares during the period. Sound Income Strategies LLC’s holdings in Omega Healthcare Investors were worth $10,330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Omega Healthcare Investors during the 2nd quarter valued at about $1,838,155,000. Bank of New York Mellon Corp purchased a new position in Omega Healthcare Investors in the 2nd quarter worth approximately $275,230,000. Dimensional Fund Advisors LP lifted its stake in Omega Healthcare Investors by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,423,120 shares of the real estate investment trust’s stock worth $193,824,000 after purchasing an additional 108,736 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Omega Healthcare Investors by 3.6% during the 1st quarter. Bank of America Corp DE now owns 3,794,730 shares of the real estate investment trust’s stock worth $166,285,000 after purchasing an additional 131,000 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its holdings in shares of Omega Healthcare Investors by 1.4% during the 4th quarter. Centersquare Investment Management LLC now owns 3,347,215 shares of the real estate investment trust’s stock worth $148,416,000 after purchasing an additional 47,020 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Up 0.6%

NYSE:OHI traded up $0.25 on Friday, reaching $44.39. The company’s stock had a trading volume of 1,379,554 shares, compared to its average volume of 2,088,991. Omega Healthcare Investors, Inc. has a 12-month low of $39.26 and a 12-month high of $52.39. The stock has a 50 day moving average price of $46.71 and a 200 day moving average price of $46.90. The firm has a market cap of $13.45 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.77 and a beta of 0.53.

Omega Healthcare Investors (NYSE:OHI – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.68. The firm had revenue of $328.25 million during the quarter, compared to the consensus estimate of $266.97 million. Omega Healthcare Investors had a return on equity of 15.76% and a net margin of 66.96%.The company’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. Equities research analysts expect that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current fiscal year.

Omega Healthcare Investors Increases Dividend

The company also recently declared 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. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Monday, August 3rd. Omega Healthcare Investors’s dividend payout ratio (DPR) is 97.14%.

Analyst Ratings Changes

Several equities research analysts recently commented on OHI shares. Barclays cut their price target on Omega Healthcare Investors from $51.00 to $50.00 and set an “underweight” rating for the company in a report on Monday, August 31st. Weiss Ratings restated a “buy (b+)” rating on shares of Omega Healthcare Investors in a report on Friday, September 25th. Citigroup lifted their price target on Omega Healthcare Investors from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Cantor Fitzgerald lifted their target price on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Scotiabank decreased their target price on shares of 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. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.71.

View Our Latest Report on Omega Healthcare Investors

Omega Healthcare Investors Profile

(Free Report)

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) focused on healthcare facilities, with an emphasis on skilled nursing and assisted living properties. The company owns or invests in healthcare real estate and leases its properties to operators that provide care and related services to residents.

Omega generally uses long-term, predominantly triple-net lease arrangements, under which tenants are responsible for many property-level expenses, including maintenance, insurance and taxes.

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