Employees Retirement System of Texas Decreases Holdings in Omega Healthcare Investors, Inc. $OHI

Employees Retirement System of Texas trimmed its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 18.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,063 shares of the real estate investment trust’s stock after selling 21,394 shares during the quarter. Employees Retirement System of Texas’ holdings in Omega Healthcare Investors were worth $3,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Omega Healthcare Investors in the second quarter valued at about $26,000. CENTRAL TRUST Co grew its stake in shares of 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 during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Omega Healthcare Investors during the 2nd quarter valued at about $41,000. Bayforest Capital Ltd increased its position in shares of Omega Healthcare Investors by 395.2% during the 2nd quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 901 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Omega Healthcare Investors by 562.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,828 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,552 shares during the period. Institutional investors own 65.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Citigroup reiterated a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Omega Healthcare Investors in a research report on Wednesday, November 12th. Scotiabank lifted 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 research note on Thursday, November 13th. Raymond James Financial restated an “outperform” rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Omega Healthcare Investors in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.22.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI opened at $45.88 on Thursday. The company has a market capitalization of $13.56 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.85 and a beta of 0.69. Omega Healthcare Investors, Inc. has a 1-year low of $35.04 and a 1-year high of $46.16. The firm’s 50 day simple moving average is $42.03 and its two-hundred day simple moving average is $39.94. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $262.48 million. During the same period in the prior year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. Research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 5.8%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 149.72%.

Insider Activity

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

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.