Vikas Gupta Buys 11,500 Shares of Omega Healthcare Investors (NYSE:OHI) Stock

Omega Healthcare Investors, Inc. (NYSE:OHI) CIO Vikas Gupta purchased 11,500 shares of Omega Healthcare Investors stock in a transaction dated Thursday, November 6th. The shares were bought at an average price of $42.97 per share, for a total transaction of $494,155.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Omega Healthcare Investors Trading Down 1.0%

Shares of OHI traded down $0.43 during mid-day trading on Thursday, reaching $42.59. The stock had a trading volume of 1,679,660 shares, compared to its average volume of 2,245,300. Omega Healthcare Investors, Inc. has a 52-week low of $35.04 and a 52-week high of $43.54. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 1.85 and a beta of 0.69. The business’s fifty day moving average is $41.50 and its 200 day moving average is $39.23. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10.

Omega Healthcare Investors (NYSE:OHI) last posted its 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 company had revenue of $260.74 million for the quarter, compared to analyst estimates of $262.48 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. Omega Healthcare Investors’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. On average, sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.3%. The ex-dividend date is Monday, November 3rd. Omega Healthcare Investors’s dividend payout ratio is presently 149.72%.

Hedge Funds Weigh In On Omega Healthcare Investors

Several hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in Omega Healthcare Investors by 40.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 268 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Omega Healthcare Investors by 7.1% during the second quarter. Farther Finance Advisors LLC now owns 4,182 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 279 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Omega Healthcare Investors by 1.0% in the second quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust’s stock valued at $1,077,000 after purchasing an additional 280 shares during the period. United Services Automobile Association boosted its stake in shares of Omega Healthcare Investors by 1.8% in the first quarter. United Services Automobile Association now owns 16,598 shares of the real estate investment trust’s stock valued at $632,000 after purchasing an additional 291 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Omega Healthcare Investors by 11.0% in the third quarter. UMB Bank n.a. now owns 2,965 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 293 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analysts Set New Price Targets

OHI has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their target price on Omega Healthcare Investors from $41.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday. Mizuho raised their price objective on Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Wells Fargo & Company boosted their price objective on shares of Omega Healthcare Investors from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Cantor Fitzgerald started coverage on shares of Omega Healthcare Investors in a research note on Wednesday, October 1st. They set an “overweight” rating and a $50.00 target price for the company. Finally, Weiss Ratings reiterated 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.29.

Omega Healthcare Investors Company 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.