Sumitomo Mitsui Trust Group Inc. Has $65.91 Million Stock Position in Omega Healthcare Investors, Inc. $OHI

Sumitomo Mitsui Trust Group Inc. cut its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,561,082 shares of the real estate investment trust’s stock after selling 197,028 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Omega Healthcare Investors were worth $65,909,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC boosted its position in shares of Omega Healthcare Investors by 59.0% during the 2nd quarter. Pallas Capital Advisors LLC now owns 11,915 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 4,420 shares in the last quarter. Triumph Capital Management bought a new stake in Omega Healthcare Investors in the 2nd quarter valued at about $321,000. HBK Sorce Advisory LLC acquired a new position in Omega Healthcare Investors during the 3rd quarter worth approximately $1,014,000. Allworth Financial LP boosted its holdings in Omega Healthcare Investors by 1,700.7% in the second quarter. Allworth Financial LP now owns 46,495 shares of the real estate investment trust’s stock worth $1,704,000 after acquiring an additional 43,913 shares in the last quarter. Finally, Advisors Capital Management LLC grew its stake in Omega Healthcare Investors by 14.4% in the second quarter. Advisors Capital Management LLC now owns 886,908 shares of the real estate investment trust’s stock valued at $32,505,000 after acquiring an additional 111,796 shares during the period. Institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Scotiabank boosted their price objective on Omega Healthcare Investors from $42.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Cantor Fitzgerald started coverage on shares of Omega Healthcare Investors in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 price target for the company. Truist Financial boosted their price target on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, December 1st. The Goldman Sachs Group began coverage on shares of Omega Healthcare Investors in a research note on Friday, January 9th. They issued a “buy” rating and a $54.00 price objective on the stock. Finally, Citigroup reissued a “buy” rating and set a $50.00 target price (up from $45.00) on shares of Omega Healthcare Investors in a research report on Wednesday, November 12th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.09.

Omega Healthcare Investors Trading Down 0.7%

NYSE OHI opened at $44.24 on Thursday. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $44.59 and a 200 day simple moving average of $41.88. 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 capitalization of $13.07 billion, a P/E ratio of 24.71, a PEG ratio of 1.90 and a beta of 0.57.

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 (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $311.59 million during the quarter, compared to analyst estimates of $262.48 million. Omega Healthcare Investors had a net margin of 46.83% and a return on equity of 10.72%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

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

Insider Activity at Omega Healthcare Investors

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

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.