Summit Investment Advisors Inc. Acquires 1,384 Shares of Omega Healthcare Investors, Inc. $OHI

Summit Investment Advisors Inc. lifted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,453 shares of the real estate investment trust’s stock after purchasing an additional 1,384 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Omega Healthcare Investors were worth $2,112,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in 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 valued at $1,506,250,000 after buying an additional 1,492,904 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Omega Healthcare Investors by 2.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,100,891 shares of the real estate investment trust’s stock worth $156,162,000 after acquiring an additional 114,665 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Omega Healthcare Investors by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,058,107 shares of the real estate investment trust’s stock valued at $154,533,000 after acquiring an additional 165,554 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Omega Healthcare Investors by 12.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,522,082 shares of the real estate investment trust’s stock worth $129,084,000 after purchasing an additional 398,930 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Omega Healthcare Investors by 430.8% in 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. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Up 2.1%

NYSE:OHI opened at $43.54 on Monday. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $43.62. The company has a market cap of $12.87 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 1.85 and a beta of 0.69. The company has a 50 day simple moving average of $41.52 and a two-hundred day simple moving average of $39.28.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $260.74 million for the quarter, compared to analysts’ expectations of $262.48 million. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. Research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 6.2%. Omega Healthcare Investors’s dividend payout ratio is currently 149.72%.

Analyst Ratings Changes

A number of analysts have weighed in on OHI shares. Scotiabank raised their price objective on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Raymond James Financial reiterated an “outperform” rating on shares of Omega Healthcare Investors in a report on Tuesday, September 2nd. Royal Bank Of Canada raised their price target on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday. Truist Financial upped their price objective on Omega Healthcare Investors from $39.00 to $44.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Omega Healthcare Investors in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.29.

Insider Transactions at Omega Healthcare Investors

In other news, CEO C Taylor Pickett bought 20,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were acquired at an average cost of $43.14 per share, with a total value of $862,800.00. Following the completion of the transaction, the chief executive officer owned 20,000 shares of the company’s stock, valued at approximately $862,800. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CIO Vikas Gupta purchased 11,500 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were purchased at an average price of $42.97 per share, with a total value of $494,155.00. Following the completion of 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.50% of the stock is currently owned by corporate insiders.

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.