Omega Healthcare Investors, Inc. $OHI Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 8.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,103,368 shares of the real estate investment trust’s stock after selling 100,204 shares during the quarter. California Public Employees Retirement System owned 0.37% of Omega Healthcare Investors worth $40,438,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in shares of Omega Healthcare Investors by 27.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the real estate investment trust’s stock valued at $515,000 after purchasing an additional 2,936 shares during the period. Deutsche Bank AG increased its holdings in Omega Healthcare Investors by 362.2% in the first quarter. Deutsche Bank AG now owns 1,070,805 shares of the real estate investment trust’s stock valued at $40,776,000 after buying an additional 839,111 shares in the last quarter. Swiss National Bank raised its position in shares of Omega Healthcare Investors by 3.1% in the first quarter. Swiss National Bank now owns 523,000 shares of the real estate investment trust’s stock worth $19,916,000 after acquiring an additional 15,900 shares during the period. Citigroup Inc. boosted its stake in shares of Omega Healthcare Investors by 38.6% during the 1st quarter. Citigroup Inc. now owns 293,449 shares of the real estate investment trust’s stock worth $11,175,000 after acquiring an additional 81,705 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Omega Healthcare Investors during the 1st quarter valued at about $374,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Insider Buying and Selling

In related news, CEO C Taylor Pickett acquired 20,000 shares of the stock in a transaction on Wednesday, November 5th. The shares were bought 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 owned 20,000 shares of the company’s stock, valued at approximately $862,800. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CIO Vikas Gupta bought 11,500 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was bought at an average cost of $42.97 per share, with a total value of $494,155.00. Following the completion of the purchase, the executive directly owned 13,773 shares in the company, valued at approximately $591,825.81. The trade was a 505.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OHI shares. Wells Fargo & Company upped their price target on Omega Healthcare Investors from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Mizuho boosted their price objective on Omega Healthcare Investors from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Omega Healthcare Investors in a research report on Wednesday, October 8th. UBS Group assumed coverage on shares of Omega Healthcare Investors in a research note on Tuesday, November 18th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Citigroup restated a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Omega Healthcare Investors in a research report on Wednesday, November 12th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.63.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $44.50 on Thursday. The firm has a 50-day simple moving average of $42.83 and a 200-day simple moving average of $40.58. 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 stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 2.02 and a beta of 0.56. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $46.36.

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 for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $311.59 million for the quarter, compared to analyst estimates of $262.48 million. Omega Healthcare Investors had a net margin of 46.83% and a return on equity of 10.72%. Omega Healthcare Investors’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were given 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 yield of 6.0%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 149.72%.

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.