Sheets Smith Wealth Management Decreases Stock Holdings in Omega Healthcare Investors, Inc. $OHI

Sheets Smith Wealth Management reduced its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 70.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,831 shares of the real estate investment trust’s stock after selling 20,573 shares during the period. Sheets Smith Wealth Management’s holdings in Omega Healthcare Investors were worth $373,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of OHI. Caitong International Asset Management Co. Ltd purchased a new stake in Omega Healthcare Investors during the second quarter valued at approximately $26,000. Salem Investment Counselors Inc. acquired a new position in shares of Omega Healthcare Investors during the third quarter worth $39,000. Smartleaf Asset Management LLC increased its position in shares of Omega Healthcare Investors by 40.9% during the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 268 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Omega Healthcare Investors by 1,654.4% during the 2nd quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 943 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Omega Healthcare Investors in the 2nd quarter worth $41,000. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Up 0.5%

Shares of NYSE:OHI opened at $44.49 on Friday. The company has a quick ratio of 7.11, a current ratio of 7.11 and a debt-to-equity ratio of 0.95. Omega Healthcare Investors, Inc. has a 52-week low of $35.04 and a 52-week high of $46.36. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.96 and a beta of 0.56. The business has a 50-day moving average price of $43.70 and a 200-day moving average price of $41.15.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Omega Healthcare Investors had a return on equity of 10.72% and a net margin of 46.83%.The firm had revenue of $311.59 million for the quarter, compared to analyst estimates of $262.48 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Omega Healthcare Investors’s revenue for the quarter was up 14.4% on a year-over-year basis. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. Equities analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a $0.67 dividend. The ex-dividend date was Monday, November 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.0%. Omega Healthcare Investors’s dividend payout ratio is presently 149.72%.

Analyst Upgrades and Downgrades

OHI has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $45.00 target price on shares of Omega Healthcare Investors in a research report on Monday, December 15th. Scotiabank boosted their price target on Omega Healthcare Investors from $42.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Raymond James Financial restated an “outperform” rating on shares of Omega Healthcare Investors in a report on Tuesday, September 2nd. Mizuho increased 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 report on Thursday, September 11th. Finally, UBS Group assumed coverage on shares of Omega Healthcare Investors in a research report on Tuesday, November 18th. They set a “buy” rating and a $50.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Omega Healthcare Investors currently has an average rating of “Moderate Buy” and an average target price of $46.44.

Insider Buying and Selling at Omega Healthcare Investors

In related news, CEO C Taylor Pickett purchased 20,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were bought at an average cost of $43.14 per share, with a total value of $862,800.00. Following the transaction, the chief executive officer owned 20,000 shares of the company’s stock, valued at approximately $862,800. This trade 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 acquired 11,500 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was bought at an average cost of $42.97 per share, with a total value of $494,155.00. Following the acquisition, the executive owned 13,773 shares in the company, valued at approximately $591,825.81. This trade represents a 505.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.50% of the company’s stock.

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.