Legal & General Group Plc Purchases Shares of 1,853,243 Omega Healthcare Investors, Inc. $OHI

Legal & General Group Plc purchased a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) in the second quarter, HoldingsChannel reports. The institutional investor purchased 1,853,243 shares of the real estate investment trust’s stock, valued at approximately $88,363,000.

Several other institutional investors and hedge funds have also made changes to their positions in OHI. Resources Management Corp CT ADV grew its holdings in shares of Omega Healthcare Investors by 300.0% during the fourth quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 450 shares during the last quarter. Ascentis Independent Advisors acquired a new position in shares of Omega Healthcare Investors in the 1st quarter valued at $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Omega Healthcare Investors in the 4th quarter worth $37,000. MassMutual Private Wealth & Trust FSB raised its stake in Omega Healthcare Investors by 53.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 906 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 315 shares during the last quarter. Finally, Elevation Wealth Partners LLC lifted its position in Omega Healthcare Investors by 645.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 924 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 800 shares during the period. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the company. Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, June 30th. BMO Capital Markets reissued a “market perform” rating and issued a $52.00 price objective on shares of Omega Healthcare Investors in a report on Monday, May 4th. Wells Fargo & Company raised their price objective on Omega Healthcare Investors from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Raymond James Financial assumed coverage on Omega Healthcare Investors in a report on Tuesday, June 16th. They set an “outperform” rating and a $50.00 target price for the company. Finally, Citigroup upped their target price on Omega Healthcare Investors from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.21.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock opened at $46.29 on Friday. The stock has a market cap of $14.03 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.90 and a beta of 0.57. The firm has a fifty day moving average price of $48.32 and a 200 day moving average price of $47.09. Omega Healthcare Investors, Inc. has a 1 year low of $39.26 and a 1 year high of $52.39.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $1.19 EPS for the quarter, beating the consensus estimate of $0.51 by $0.68. The company had revenue of $328.25 million for the quarter, compared to analyst estimates of $266.97 million. Omega Healthcare Investors had a net margin of 66.96% and a return on equity of 15.76%. The firm’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 earnings per share. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. As a group, equities analysts expect that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current year.

Omega Healthcare Investors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a $0.68 dividend. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.72 annualized dividend and a dividend yield of 5.9%. Omega Healthcare Investors’s payout ratio is presently 97.14%.

Omega Healthcare Investors Company 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.