Retirement Systems of Alabama Purchases 10,678 Shares of Omega Healthcare Investors, Inc. $OHI

Retirement Systems of Alabama boosted its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 3.1% in the second quarter, Holdings Channel.com reports. The firm owned 353,707 shares of the real estate investment trust’s stock after buying an additional 10,678 shares during the quarter. Retirement Systems of Alabama’s holdings in Omega Healthcare Investors were worth $12,963,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC raised its holdings in Omega Healthcare Investors by 559.0% in the second quarter. MeadowBrook Investment Advisors LLC now owns 6,590 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 5,590 shares in the last quarter. Assetmark Inc. grew its stake in shares of Omega Healthcare Investors by 7.2% in the second quarter. Assetmark Inc. now owns 1,340,503 shares of the real estate investment trust’s stock worth $49,129,000 after acquiring an additional 90,507 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Omega Healthcare Investors by 39.4% in the second quarter. Hantz Financial Services Inc. now owns 5,928 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 1,675 shares during the last quarter. Daymark Wealth Partners LLC purchased a new stake in shares of Omega Healthcare Investors in the second quarter worth $237,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of Omega Healthcare Investors by 10.3% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 33,068 shares of the real estate investment trust’s stock worth $1,212,000 after acquiring an additional 3,081 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Up 5.5%

Shares of NYSE:OHI opened at $42.07 on Friday. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 1.85 and a beta of 0.70. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. The stock’s 50-day simple moving average is $41.47 and its two-hundred day simple moving average is $39.12. Omega Healthcare Investors, Inc. has a 52-week low of $35.04 and a 52-week high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The business 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 business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. Analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

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 given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Monday, November 3rd. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 165.43%.

Insider Transactions at Omega Healthcare Investors

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $40.16, for a total value of $100,400.00. Following the transaction, the director owned 18,654 shares of the company’s stock, valued at $749,144.64. This trade represents a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

OHI has been the topic of a number of recent research reports. 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 research note on Thursday, August 7th. Raymond James Financial reissued an “outperform” rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd. Truist Financial increased their target price on Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Scotiabank increased their target price on Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Finally, Wells Fargo & Company increased their price objective on Omega Healthcare Investors from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.86.

Omega Healthcare Investors 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.