Burney Co. Buys 88,531 Shares of Omega Healthcare Investors, Inc. $OHI

Burney Co. grew its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 31.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 367,807 shares of the real estate investment trust’s stock after purchasing an additional 88,531 shares during the period. Burney Co. owned approximately 0.13% of Omega Healthcare Investors worth $13,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of OHI. Caitong International Asset Management Co. Ltd bought a new stake in shares of Omega Healthcare Investors in the 2nd quarter valued at approximately $26,000. Bayforest Capital Ltd grew its stake in shares of Omega Healthcare Investors by 395.2% in the 2nd quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 901 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Omega Healthcare Investors in the 2nd quarter valued at approximately $41,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Omega Healthcare Investors by 562.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,828 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,552 shares during the period. Finally, Register Financial Advisors LLC bought a new stake in shares of Omega Healthcare Investors in the 2nd quarter valued at approximately $73,000. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OHI. Mizuho upped their price objective 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 price target on Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Scotiabank increased 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. Raymond James Financial restated an “outperform” rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Omega Healthcare Investors in a research report on Wednesday, October 8th. Five equities research 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.com, Omega Healthcare Investors has an average rating of “Moderate Buy” and a consensus price target of $43.86.

Omega Healthcare Investors Stock Up 5.5%

Shares of OHI opened at $42.07 on Monday. The firm 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 business’s fifty day moving average price is $41.47 and its two-hundred day moving average price 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 quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $260.74 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. On average, analysts predict 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 disclosed 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 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Monday, November 3rd. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 149.72%.

Insider Buying and Selling

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the stock in a transaction 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 transaction, the director directly owned 18,654 shares in the company, 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 is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

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.