Greenland Capital Management LP purchased a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 165,000 shares of the real estate investment trust’s stock, valued at approximately $7,867,000. Omega Healthcare Investors comprises approximately 1.0% of Greenland Capital Management LP’s portfolio, making the stock its 22nd biggest position.
Other hedge funds have also bought and sold shares of the company. Resources Management Corp CT ADV raised its stake in Omega Healthcare Investors by 300.0% in the 4th quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 450 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Omega Healthcare Investors by 40.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 268 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of Omega Healthcare Investors during the first quarter worth approximately $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Omega Healthcare Investors during the fourth quarter worth approximately $37,000. Finally, Rothschild Investment LLC raised its position in shares of Omega Healthcare Investors by 283.7% in the fourth quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 698 shares in the last quarter. 65.25% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on OHI. Royal Bank Of Canada boosted their price target on Omega Healthcare Investors from $47.00 to $48.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. Citigroup raised their price objective on Omega Healthcare Investors from $52.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Truist Financial dropped their price objective on Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, June 30th. Finally, Wells Fargo & Company increased their target price on Omega Healthcare Investors from $47.00 to $49.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $49.21.
Omega Healthcare Investors Stock Performance
Shares of NYSE:OHI opened at $46.66 on Friday. The company has a fifty day moving average of $48.18 and a 200-day moving average of $46.99. The company has a market capitalization of $14.14 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.89 and a beta of 0.57. Omega Healthcare Investors, Inc. has a 52-week low of $39.26 and a 52-week high of $52.39.
Omega Healthcare Investors (NYSE:OHI – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.68. The company had revenue of $328.25 million for the quarter, compared to the consensus estimate of $266.97 million. Omega Healthcare Investors had a return on equity of 15.76% and a net margin of 66.96%.Omega Healthcare Investors’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. On average, equities analysts forecast that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current fiscal year.
Omega Healthcare Investors Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a $0.68 dividend. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 5.8%. The ex-dividend date was Monday, August 3rd. Omega Healthcare Investors’s dividend payout ratio is 97.14%.
Omega Healthcare Investors Profile
Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.
Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.
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