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

Omega Healthcare Investors, Inc. (NYSE:OHI) CIO Vikas Gupta purchased 11,500 shares of the business’s stock in a transaction dated 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 acquisition, the executive directly owned 13,773 shares of the company’s stock, valued at $591,825.81. This trade represents a 505.94% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Omega Healthcare Investors Trading Up 2.1%

NYSE OHI opened at $43.54 on Friday. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $43.62. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. The stock has a market cap of $12.84 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 1.85 and a beta of 0.69. The firm’s 50 day moving average price is $41.52 and its two-hundred day moving average price is $39.27.

Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $260.74 million during the quarter, compared to analyst estimates of $262.48 million. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. Equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current 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 paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, November 3rd. Omega Healthcare Investors’s dividend payout ratio is currently 149.72%.

Institutional Trading of Omega Healthcare Investors

Institutional investors have recently added to or reduced their stakes in the business. NewEdge Wealth LLC acquired a new position in shares of Omega Healthcare Investors during the 3rd quarter worth $212,000. Syon Capital LLC boosted its holdings in Omega Healthcare Investors by 123.6% in the third quarter. Syon Capital LLC now owns 17,780 shares of the real estate investment trust’s stock worth $751,000 after purchasing an additional 9,827 shares in the last quarter. Advisors Capital Management LLC increased its position in Omega Healthcare Investors by 3.5% during the third quarter. Advisors Capital Management LLC now owns 918,091 shares of the real estate investment trust’s stock worth $38,762,000 after buying an additional 31,183 shares during the last quarter. NEOS Investment Management LLC raised its holdings in Omega Healthcare Investors by 103.0% during the third quarter. NEOS Investment Management LLC now owns 27,241 shares of the real estate investment trust’s stock valued at $1,150,000 after buying an additional 13,819 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Omega Healthcare Investors by 3.4% during the third quarter. Vanguard Group Inc. now owns 42,152,368 shares of the real estate investment trust’s stock valued at $1,779,673,000 after buying an additional 1,386,887 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on OHI shares. Wells Fargo & Company lifted their target price on Omega Healthcare Investors from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Royal Bank Of Canada boosted their price objective on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday. Mizuho upped their price objective on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Raymond James Financial reissued an “outperform” rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd. Finally, Scotiabank boosted their price target on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Five 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.com, Omega Healthcare Investors currently has an average rating of “Moderate Buy” and a consensus price target of $44.29.

About Omega Healthcare Investors

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.