HBK Sorce Advisory LLC Makes New Investment in Omega Healthcare Investors, Inc. $OHI

HBK Sorce Advisory LLC purchased a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 24,916 shares of the real estate investment trust’s stock, valued at approximately $1,014,000.

A number of other hedge funds have also recently made changes to their positions in OHI. American Century Companies Inc. lifted its holdings in Omega Healthcare Investors by 4.0% in the 1st quarter. American Century Companies Inc. now owns 94,503 shares of the real estate investment trust’s stock worth $3,599,000 after purchasing an additional 3,672 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Omega Healthcare Investors by 9.2% during the first quarter. Raymond James Financial Inc. now owns 578,699 shares of the real estate investment trust’s stock valued at $22,037,000 after buying an additional 48,775 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Omega Healthcare Investors by 25.7% in the first quarter. Wellington Management Group LLP now owns 427,360 shares of the real estate investment trust’s stock worth $16,274,000 after buying an additional 87,287 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Omega Healthcare Investors by 16.1% during the first quarter. Kestra Advisory Services LLC now owns 118,361 shares of the real estate investment trust’s stock worth $4,507,000 after acquiring an additional 16,382 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Omega Healthcare Investors by 57.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,164 shares of the real estate investment trust’s stock worth $197,000 after acquiring an additional 1,888 shares during the last quarter. Institutional investors own 65.25% of the company’s stock.

Insider Buying and Selling at Omega Healthcare Investors

In other news, CEO C Taylor Pickett purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was purchased at an average cost of $43.14 per share, with a total value of $862,800.00. Following the purchase, the chief executive officer owned 20,000 shares in the company, valued at approximately $862,800. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO Vikas Gupta purchased 11,500 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $42.97 per share, for a total transaction of $494,155.00. Following the completion of the acquisition, the executive directly owned 13,773 shares in the company, valued at $591,825.81. The trade was a 505.94% increase in their position. The SEC filing for this purchase provides additional information. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

OHI has been the topic of a number of research reports. Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday. Mizuho lifted their target price on Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Cantor Fitzgerald started coverage on Omega Healthcare Investors in a research note on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price target for the company. Raymond James Financial restated an “outperform” rating on shares of Omega Healthcare Investors in a report on Tuesday, September 2nd. Finally, Citigroup reaffirmed a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Omega Healthcare Investors in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.44.

Omega Healthcare Investors Trading Up 0.9%

OHI opened at $44.27 on Thursday. The stock has a 50-day moving average of $43.56 and a 200 day moving average of $41.08. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.95. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $46.36. The firm has a market cap of $13.08 billion, a P/E ratio of 24.73, a P/E/G ratio of 1.96 and a beta of 0.56.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The business had revenue of $311.59 million during the quarter, compared to analyst estimates of $262.48 million. Omega Healthcare Investors had a return on equity of 10.72% and a net margin of 46.83%.The company’s revenue for the quarter was up 14.4% on a year-over-year basis. 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. As a group, research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Monday, November 3rd. Omega Healthcare Investors’s payout ratio is presently 149.72%.

Omega Healthcare Investors 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.