Omega Healthcare Investors, Inc. $OHI Shares Sold by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC lowered its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,462 shares of the real estate investment trust’s stock after selling 452 shares during the period. Pasadena Private Wealth LLC’s holdings in Omega Healthcare Investors were worth $273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of OHI. Farther Finance Advisors LLC lifted its position in Omega Healthcare Investors by 7.1% in the second quarter. Farther Finance Advisors LLC now owns 4,182 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 279 shares during the last quarter. United Services Automobile Association lifted its position in Omega Healthcare Investors by 1.8% in the first quarter. United Services Automobile Association now owns 16,598 shares of the real estate investment trust’s stock valued at $632,000 after acquiring an additional 291 shares during the last quarter. Optimum Investment Advisors lifted its position in Omega Healthcare Investors by 8.9% in the first quarter. Optimum Investment Advisors now owns 3,666 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 300 shares during the last quarter. CreativeOne Wealth LLC lifted its position in Omega Healthcare Investors by 3.4% in the first quarter. CreativeOne Wealth LLC now owns 9,487 shares of the real estate investment trust’s stock valued at $361,000 after acquiring an additional 310 shares during the last quarter. Finally, Values First Advisors Inc. lifted its position in Omega Healthcare Investors by 1.6% in the first quarter. Values First Advisors Inc. now owns 19,692 shares of the real estate investment trust’s stock valued at $750,000 after acquiring an additional 314 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Insider Activity

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $40.16, for a total transaction of $100,400.00. Following the transaction, the director directly owned 18,654 shares in the company, valued at $749,144.64. The trade was a 11.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by company insiders.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI opened at $40.48 on Monday. The company has a 50-day simple moving average of $41.59 and a 200-day simple moving average of $39.03. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $44.42. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 1.89 and a beta of 0.70.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.32. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The business had revenue of $235.60 million during the quarter, compared to analysts’ expectations of $248.49 million. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. On average, analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Monday, November 3rd. Omega Healthcare Investors’s payout ratio is 165.43%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Scotiabank boosted their price target on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Raymond James Financial reissued an “outperform” rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Mizuho boosted their price target on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Royal Bank Of Canada boosted their price target on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Omega Healthcare Investors in a report on Saturday. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Omega Healthcare Investors has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Omega Healthcare Investors Company Profile

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.