Midwest Professional Planners LTD. Increases Stock Holdings in Omega Healthcare Investors, Inc. $OHI

Midwest Professional Planners LTD. raised its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 4.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,404 shares of the real estate investment trust’s stock after buying an additional 1,590 shares during the quarter. Midwest Professional Planners LTD.’s holdings in Omega Healthcare Investors were worth $1,517,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in OHI. Caitong International Asset Management Co. Ltd purchased a new position in shares of Omega Healthcare Investors in the 2nd quarter valued at approximately $26,000. CENTRAL TRUST Co increased its stake in Omega Healthcare Investors by 1,654.4% during the 2nd quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 943 shares in the last quarter. Bayforest Capital Ltd raised its holdings in shares of Omega Healthcare Investors by 395.2% in the second quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 901 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Omega Healthcare Investors during the second quarter worth $41,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Omega Healthcare Investors by 562.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,828 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,552 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Up 1.0%

Shares of NYSE:OHI opened at $43.89 on Monday. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $44.40. The business has a 50 day moving average of $41.63 and a two-hundred day moving average of $39.48. The company has a market capitalization of $12.97 billion, a PE ratio of 27.09, a PEG ratio of 1.85 and a beta of 0.69.

Omega Healthcare Investors (NYSE:OHI) last posted its 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 net margin of 42.23% and a return on equity of 9.78%. The firm had revenue of $311.59 million during the quarter, compared to analyst estimates of $262.48 million. During the same period in the previous year, the firm earned $0.71 EPS. The business’s quarterly 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. As a group, analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current 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 6.1%. The ex-dividend date is Monday, November 3rd. Omega Healthcare Investors’s payout ratio is currently 149.72%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup restated a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Omega Healthcare Investors in a research note on Wednesday. Wells Fargo & Company increased their price objective 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 reaffirmed an “outperform” rating on shares of Omega Healthcare Investors in a report on Tuesday, September 2nd. Scotiabank increased their price target on shares of Omega Healthcare Investors from $42.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Mizuho lifted their price objective on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.38.

Insider Transactions at Omega Healthcare Investors

In other Omega Healthcare Investors news, CIO Vikas Gupta bought 11,500 shares of Omega Healthcare Investors stock in a transaction dated Thursday, November 6th. The stock was acquired at an average cost of $42.97 per share, with a total value of $494,155.00. Following the purchase, the executive directly owned 13,773 shares in the company, valued at $591,825.81. This represents a 505.94% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Taylor Pickett purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was bought at an average cost of $43.14 per share, for a total transaction of $862,800.00. Following the purchase, the chief executive officer directly owned 20,000 shares in the company, valued at $862,800. This trade represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.50% of the company’s stock.

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.