Rainey & Randall Wealth Advisors Inc. Acquires 2,736 Shares of Omega Healthcare Investors, Inc. $OHI

Rainey & Randall Wealth Advisors Inc. lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 191,372 shares of the real estate investment trust’s stock after purchasing an additional 2,736 shares during the period. Omega Healthcare Investors comprises 1.3% of Rainey & Randall Wealth Advisors Inc.’s portfolio, making the stock its 15th largest holding. Rainey & Randall Wealth Advisors Inc.’s holdings in Omega Healthcare Investors were worth $7,014,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of Omega Healthcare Investors during the first quarter worth $29,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Omega Healthcare Investors by 562.3% during the second 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 last quarter. Register Financial Advisors LLC bought a new stake in shares of Omega Healthcare Investors during the second quarter worth $73,000. UMB Bank n.a. grew its holdings in shares of Omega Healthcare Investors by 94.9% during the first quarter. UMB Bank n.a. now owns 2,175 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,059 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of Omega Healthcare Investors by 1,581.3% during the first quarter. Meeder Asset Management Inc. now owns 2,522 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 2,372 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Insider Transactions at Omega Healthcare Investors

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of Omega Healthcare Investors stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $40.16, for a total value of $100,400.00. Following the sale, the director owned 18,654 shares of the company’s stock, valued at approximately $749,144.64. This trade represents a 11.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on OHI. Royal Bank Of Canada increased their target price on Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Cantor Fitzgerald assumed coverage on Omega Healthcare Investors in a research note on Wednesday. They set an “overweight” rating and a $50.00 price target on the stock. Mizuho increased their target price on Omega Healthcare Investors from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Truist Financial increased their target price on Omega Healthcare Investors from $39.00 to $44.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Finally, Scotiabank raised their price target on Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.44.

Omega Healthcare Investors Trading Down 1.7%

NYSE OHI opened at $41.60 on Friday. The firm has a market cap of $12.27 billion, a P/E ratio of 25.68, a P/E/G ratio of 2.22 and a beta of 0.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10. The stock’s 50-day moving average is $41.38 and its 200-day moving average is $38.68. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.32. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The company had revenue of $235.60 million for the quarter, compared to analyst estimates of $248.49 million. During the same quarter last year, the firm posted $0.71 earnings per share. Omega Healthcare Investors’s revenue was up 11.8% compared to the same quarter last year. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. Sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Monday, August 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 165.43%.

About Omega Healthcare Investors

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.