The Manufacturers Life Insurance Company Buys New Position in Omega Healthcare Investors, Inc. $OHI

The Manufacturers Life Insurance Company acquired a new stake in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 2nd quarter, Holdings Channel reports. The fund acquired 222,362 shares of the real estate investment trust’s stock, valued at approximately $10,602,000.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Omega Healthcare Investors in the 2nd quarter worth approximately $1,838,155,000. State Street Corp raised its holdings in Omega Healthcare Investors by 4.8% in the 2nd 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 period. Geode Capital Management LLC raised its stake in shares of 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 period. Bank of New York Mellon Corp acquired a new position in shares of Omega Healthcare Investors during the 2nd quarter worth about $275,230,000. Finally, Invesco Ltd. boosted its stake in shares of Omega Healthcare Investors by 8.6% in the fourth quarter. Invesco Ltd. now owns 5,368,945 shares of the real estate investment trust’s stock worth $238,059,000 after acquiring an additional 424,024 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Down 0.7%

NYSE:OHI opened at $45.96 on Friday. The firm has a market cap of $13.93 billion, a P/E ratio of 16.41, a PEG ratio of 1.86 and a beta of 0.57. Omega Healthcare Investors, Inc. has a 12-month low of $39.26 and a 12-month high of $52.39. The stock’s 50 day simple moving average is $48.35 and its 200-day simple moving average is $47.09.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.68. Omega Healthcare Investors had a net margin of 66.96% and a return on equity of 15.76%. The firm had revenue of $328.25 million during the quarter, compared to analysts’ expectations of $266.97 million. During the same period in the prior year, the company posted $0.77 earnings per share. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. Research analysts forecast that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current fiscal year.

Omega Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a dividend of $0.68 per share. The ex-dividend date was Monday, August 3rd. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 5.9%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 97.14%.

Analyst Ratings Changes

A number of research analysts have weighed in on OHI shares. Truist Financial decreased their target price on shares of Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Barclays began coverage on Omega Healthcare Investors in a research note on Tuesday, July 7th. They set an “underweight” rating and a $51.00 price target on the stock. Raymond James Financial initiated coverage on Omega Healthcare Investors in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $50.00 price objective on the stock. Cantor Fitzgerald lifted their price objective on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Citigroup raised their price objective on shares of Omega Healthcare Investors from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.21.

Omega Healthcare Investors Company 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.