Bank of New York Mellon Corp Grows Stock Holdings in Omega Healthcare Investors, Inc. $OHI

Bank of New York Mellon Corp lifted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,761,216 shares of the real estate investment trust’s stock after buying an additional 239,134 shares during the period. Bank of New York Mellon Corp owned about 1.27% of Omega Healthcare Investors worth $158,799,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Omega Healthcare Investors in the 2nd quarter worth $26,000. Smartleaf Asset Management LLC boosted its position in 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 valued at $34,000 after buying an additional 268 shares during the period. CENTRAL TRUST Co grew its stake in shares of Omega Healthcare Investors by 1,654.4% during the second quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 943 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in shares of Omega Healthcare Investors during the third quarter valued at about $39,000. Finally, Bayforest Capital Ltd increased its holdings in shares of Omega Healthcare Investors by 395.2% in the second quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 901 shares during the period. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Up 1.0%

Shares of Omega Healthcare Investors stock opened at $43.83 on Friday. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $46.36. The firm has a market cap of $12.95 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 1.40 and a beta of 0.57. The company has a 50-day moving average of $44.58 and a 200 day moving average of $42.44. The company has a debt-to-equity ratio of 0.95, a current ratio of 7.11 and a quick ratio of 7.11.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share 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 company had revenue of $311.59 million during the quarter, compared to analyst estimates of $262.48 million. During the same quarter last year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 9th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $2.68 annualized dividend and a dividend yield of 6.1%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 149.72%.

Insider Buying and Selling

In related news, CIO Vikas Gupta purchased 11,500 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $42.97 per share, with a total value of $494,155.00. Following the acquisition, the executive directly owned 13,773 shares in the company, valued at $591,825.81. The trade was a 505.94% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Taylor Pickett bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was bought at an average price of $43.14 per share, for a total transaction of $862,800.00. Following the acquisition, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at $862,800. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Royal Bank Of Canada lifted their price target on Omega Healthcare Investors from $41.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 6th. Citigroup reaffirmed a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Omega Healthcare Investors in a research note on Wednesday, November 12th. Jefferies Financial Group reiterated a “hold” rating and set a $45.00 price target on shares of Omega Healthcare Investors in a report on Monday, December 15th. Truist Financial raised their price target on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, December 1st. Finally, Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $48.00 to $45.00 in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.82.

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.