Melia Wealth LLC Purchases 6,088 Shares of Omega Healthcare Investors, Inc. $OHI

Melia Wealth LLC grew its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 241,454 shares of the real estate investment trust’s stock after acquiring an additional 6,088 shares during the period. Omega Healthcare Investors accounts for 4.2% of Melia Wealth LLC’s portfolio, making the stock its 13th largest holding. Melia Wealth LLC owned about 0.08% of Omega Healthcare Investors worth $8,849,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of OHI. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Omega Healthcare Investors by 562.3% in the second 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 in the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Omega Healthcare Investors in the second quarter valued at approximately $73,000. Meeder Asset Management Inc. increased its holdings in shares of Omega Healthcare Investors by 1,581.3% in the first quarter. Meeder Asset Management Inc. now owns 2,522 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 2,372 shares in the last quarter. Trust Co. of Vermont acquired a new stake in shares of Omega Healthcare Investors in the second quarter valued at approximately $95,000. Finally, UMB Bank n.a. increased its holdings in shares of Omega Healthcare Investors by 22.9% in the second quarter. UMB Bank n.a. now owns 2,672 shares of the real estate investment trust’s stock valued at $98,000 after purchasing an additional 497 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Mizuho raised their price target on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Cantor Fitzgerald began coverage on shares of Omega Healthcare Investors in a report on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 price target for the company. Scotiabank lifted their target price on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Finally, Truist Financial lifted their target price on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.44.

Insider Activity

In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $40.16, for a total value of $100,400.00. Following the sale, the director directly owned 18,654 shares of the company’s stock, valued at approximately $749,144.64. The trade was a 11.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

Omega Healthcare Investors Price Performance

Shares of OHI stock opened at $39.47 on Tuesday. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $44.42. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.96. The firm has a fifty day moving average of $41.57 and a 200-day moving average of $38.83.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.32. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The company had revenue of $235.60 million during the quarter, compared to analyst estimates of $248.49 million. During the same quarter in the previous year, the business earned $0.71 EPS. The firm’s revenue was up 11.8% on a year-over-year basis. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. On average, equities research analysts forecast 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 declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.68 annualized dividend and a dividend yield of 6.8%. Omega Healthcare Investors’s payout ratio is 165.43%.

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.