Summit Place Financial Advisors LLC Lowers Stock Position in Omega Healthcare Investors, Inc. $OHI

Summit Place Financial Advisors LLC cut its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 5.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,130 shares of the real estate investment trust’s stock after selling 1,563 shares during the period. Summit Place Financial Advisors LLC’s holdings in Omega Healthcare Investors were worth $958,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Omega Healthcare Investors during the first quarter worth $29,000. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 worth $67,000 after buying an additional 1,552 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in Omega Healthcare Investors during the second quarter worth $73,000. UMB Bank n.a. boosted its holdings in Omega Healthcare Investors by 94.9% during the first quarter. UMB Bank n.a. now owns 2,175 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 1,059 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new stake in Omega Healthcare Investors during the second quarter worth $95,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Omega Healthcare Investors

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

Analyst Upgrades and Downgrades

OHI has been the topic of several recent analyst reports. Truist Financial increased their price objective on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Cantor Fitzgerald initiated coverage on shares of Omega Healthcare Investors in a report on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price objective on the stock. Scotiabank increased their price objective on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Omega Healthcare Investors in a report on Wednesday. Finally, Mizuho increased their price objective on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Omega Healthcare Investors presently has an average rating of “Moderate Buy” and an average price target of $44.44.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $39.83 on Friday. The firm has a 50-day simple moving average of $41.57 and a 200-day simple moving average of $38.80. The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 1.88 and a beta of 0.70. 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 52 week low of $35.04 and a 52 week high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last issued 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. The business had revenue of $235.60 million during the quarter, compared to analysts’ expectations of $248.49 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. On average, equities analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Monday, August 4th. Omega Healthcare Investors’s dividend payout ratio is 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.