Omega Healthcare Investors, Inc. $OHI Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 725.9% in the first quarter, Holdings Channel.com reports. The fund owned 223,000 shares of the real estate investment trust’s stock after buying an additional 196,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Omega Healthcare Investors were worth $9,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of Omega Healthcare Investors by 4.8% during the second quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust’s stock worth $534,792,000 after purchasing an additional 671,473 shares during the last quarter. Geode Capital Management LLC grew its stake in Omega Healthcare Investors by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 8,515,924 shares of the real estate investment trust’s stock worth $377,648,000 after buying an additional 734,774 shares during the last quarter. Invesco Ltd. increased its position in Omega Healthcare Investors by 8.6% during the fourth quarter. Invesco Ltd. now owns 5,368,945 shares of the real estate investment trust’s stock worth $238,059,000 after buying an additional 424,024 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Omega Healthcare Investors by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,463,838 shares of the real estate investment trust’s stock valued at $197,927,000 after buying an additional 174,062 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Omega Healthcare Investors by 18.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,457,975 shares of the real estate investment trust’s stock valued at $197,667,000 after acquiring an additional 696,759 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on OHI shares. Weiss Ratings raised shares of Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 30th. Royal Bank Of Canada increased their price target on shares of Omega Healthcare Investors from $47.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Monday, May 4th. Truist Financial lowered their price objective on shares of Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Bank of America reaffirmed an “underperform” rating and issued a $46.00 target price (down from $52.00) on shares of Omega Healthcare Investors in a report on Tuesday, April 14th. Finally, Scotiabank decreased their target price on shares of Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $48.50.

Omega Healthcare Investors Trading Up 0.4%

NYSE:OHI opened at $51.62 on Wednesday. The firm has a market cap of $15.37 billion, a P/E ratio of 24.94, a PEG ratio of 2.19 and a beta of 0.58. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.81. The stock’s 50 day simple moving average is $47.61 and its 200-day simple moving average is $46.55. Omega Healthcare Investors, Inc. has a 12-month low of $38.23 and a 12-month high of $52.07.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.02). Omega Healthcare Investors had a return on equity of 11.86% and a net margin of 51.14%.The company had revenue of $322.95 million for the quarter, compared to analyst estimates of $264.07 million. During the same period in the prior year, the business earned $0.75 earnings per share. Omega Healthcare Investors’s revenue for the quarter was up 16.7% compared to the same quarter last year. Equities analysts anticipate that Omega Healthcare Investors, Inc. will post 3.09 EPS for the current year.

Omega Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Monday, August 3rd. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.67. Omega Healthcare Investors’s payout ratio is currently 129.47%.

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.