AlphaQuest LLC Acquires 7,869 Shares of Omega Healthcare Investors, Inc. $OHI

AlphaQuest LLC lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 2,132.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,238 shares of the real estate investment trust’s stock after purchasing an additional 7,869 shares during the quarter. AlphaQuest LLC’s holdings in Omega Healthcare Investors were worth $302,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Pallas Capital Advisors LLC increased its holdings in shares of Omega Healthcare Investors by 59.0% during the second quarter. Pallas Capital Advisors LLC now owns 11,915 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 4,420 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Omega Healthcare Investors by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,058,107 shares of the real estate investment trust’s stock worth $154,533,000 after purchasing an additional 165,554 shares during the period. GAMMA Investing LLC increased its holdings in shares of Omega Healthcare Investors by 14.2% during the first quarter. GAMMA Investing LLC now owns 4,572 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 568 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Omega Healthcare Investors by 4.7% during the first quarter. Principal Financial Group Inc. now owns 647,809 shares of the real estate investment trust’s stock worth $24,669,000 after purchasing an additional 29,001 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its holdings in shares of Omega Healthcare Investors by 73.2% during the first quarter. Ontario Teachers Pension Plan Board now owns 67,919 shares of the real estate investment trust’s stock worth $2,586,000 after purchasing an additional 28,701 shares during the period. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Stock Performance

NYSE OHI opened at $42.07 on Friday. The stock has a market cap of $12.41 billion, a PE ratio of 25.97, a PEG ratio of 1.85 and a beta of 0.70. The firm’s fifty day moving average price is $41.47 and its two-hundred day moving average price is $39.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. Omega Healthcare Investors, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $262.48 million. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue was up 14.4% on a year-over-year basis. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. On average, equities analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be issued a $0.67 dividend. The ex-dividend date is Monday, November 3rd. This represents a $2.68 annualized dividend and a yield of 6.4%. Omega Healthcare Investors’s payout ratio is presently 165.43%.

Insider Transactions at Omega Healthcare Investors

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the company’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 owned 18,654 shares in the company, valued at approximately $749,144.64. This represents a 11.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

OHI has been the subject of several research analyst reports. Cantor Fitzgerald began coverage on shares of Omega Healthcare Investors in a research report on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price objective for the company. Wells Fargo & Company raised their target price on Omega Healthcare Investors from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Raymond James Financial reissued an “outperform” rating on shares of Omega Healthcare Investors in a report on Tuesday, September 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Omega Healthcare Investors in a report on Wednesday, October 8th. Finally, Scotiabank boosted their price target on Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.86.

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.