Edgestream Partners L.P. Reduces Position in Omega Healthcare Investors, Inc. $OHI

Edgestream Partners L.P. reduced its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 61.8% during the 2nd quarter, Holdings Channel reports. The fund owned 94,381 shares of the real estate investment trust’s stock after selling 152,743 shares during the period. Edgestream Partners L.P.’s holdings in Omega Healthcare Investors were worth $3,459,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Omega Healthcare Investors during the 2nd quarter worth about $121,800,000. AQR Capital Management LLC boosted its stake in shares of Omega Healthcare Investors by 430.8% during the 1st quarter. AQR Capital Management LLC now owns 2,862,117 shares of the real estate investment trust’s stock worth $108,989,000 after purchasing an additional 2,322,878 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Omega Healthcare Investors by 3.9% during the first quarter. Vanguard Group Inc. now owns 39,554,886 shares of the real estate investment trust’s stock worth $1,506,250,000 after buying an additional 1,492,904 shares in the last quarter. Lasalle Investment Management Securities LLC raised its position in shares of Omega Healthcare Investors by 165.5% in the second quarter. Lasalle Investment Management Securities LLC now owns 2,312,891 shares of the real estate investment trust’s stock valued at $84,767,000 after buying an additional 1,441,692 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Omega Healthcare Investors by 122.3% in the first quarter. Invesco Ltd. now owns 2,416,560 shares of the real estate investment trust’s stock valued at $92,023,000 after buying an additional 1,329,324 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Down 0.8%

OHI stock opened at $45.66 on Thursday. The company has a quick ratio of 7.11, a current ratio of 7.11 and a debt-to-equity ratio of 0.95. The company has a market cap of $13.49 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.04 and a beta of 0.56. The business has a fifty day simple moving average of $42.47 and a 200-day simple moving average of $40.28. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $46.22.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $311.59 million during the quarter, compared to the consensus estimate of $262.48 million. Omega Healthcare Investors had a return on equity of 10.72% and a net margin of 46.83%.The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. On average, equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.67 per share. The ex-dividend date was Monday, November 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.9%. Omega Healthcare Investors’s payout ratio is presently 149.72%.

Insider Buying and Selling

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 bought at an average price of $43.14 per share, with a total value of $862,800.00. Following the completion of the transaction, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at approximately $862,800. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO Vikas Gupta bought 11,500 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was acquired at an average cost of $42.97 per share, for a total transaction of $494,155.00. Following the purchase, the executive owned 13,773 shares in the company, valued at approximately $591,825.81. This trade represents a 505.94% increase in their position. The SEC filing for this purchase provides additional information. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on OHI shares. Raymond James Financial restated an “outperform” rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Wells Fargo & Company raised their price objective on Omega Healthcare Investors from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Cantor Fitzgerald began coverage on Omega Healthcare Investors in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 price objective for the company. Mizuho increased their target price on Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Omega Healthcare Investors in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.44.

Omega Healthcare Investors 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.