New York State Teachers Retirement System Purchases 7,678 Shares of Omega Healthcare Investors, Inc. $OHI

New York State Teachers Retirement System grew its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 328,857 shares of the real estate investment trust’s stock after buying an additional 7,678 shares during the quarter. New York State Teachers Retirement System’s holdings in Omega Healthcare Investors were worth $12,053,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Pallas Capital Advisors LLC raised its position in 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 valued at $437,000 after purchasing an additional 4,420 shares in the last quarter. PFG Investments LLC raised its holdings in shares of Omega Healthcare Investors by 20.4% during the 1st quarter. PFG Investments LLC now owns 70,762 shares of the real estate investment trust’s stock worth $2,695,000 after buying an additional 11,970 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Omega Healthcare Investors by 5.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 514,967 shares of the real estate investment trust’s stock worth $19,610,000 after buying an additional 24,640 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Omega Healthcare Investors by 556.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,028,187 shares of the real estate investment trust’s stock worth $39,143,000 after buying an additional 871,472 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Omega Healthcare Investors by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,058,107 shares of the real estate investment trust’s stock valued at $154,533,000 after buying an additional 165,554 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on OHI shares. Scotiabank boosted their target price on Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Cantor Fitzgerald assumed 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. Mizuho raised their target price 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. Raymond James Financial reiterated an “outperform” rating on shares of Omega Healthcare Investors in a report on Tuesday, September 2nd. Finally, Wells Fargo & Company increased their price target on Omega Healthcare Investors from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.38.

Omega Healthcare Investors Price Performance

Shares of OHI opened at $41.07 on Friday. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $44.42. The business has a 50-day simple moving average of $41.58 and a two-hundred day simple moving average of $38.89. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.96. The stock has a market cap of $12.12 billion, a PE ratio of 25.35, a PEG ratio of 1.92 and a beta of 0.70.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.32. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The business had revenue of $235.60 million during the quarter, compared to analysts’ expectations of $248.49 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter 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. Analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.68 annualized dividend and a dividend yield of 6.5%. Omega Healthcare Investors’s dividend payout ratio is presently 165.43%.

Insider Buying and Selling 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 stock was sold at an average price of $40.16, for a total value of $100,400.00. Following the completion of the sale, the director owned 18,654 shares of the company’s stock, valued at approximately $749,144.64. This represents a 11.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

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.