Texas Permanent School Fund Corp Has $10.44 Million Stock Position in Omega Healthcare Investors, Inc. $OHI

by · The Markets Daily

Texas Permanent School Fund Corp increased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 43.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 284,906 shares of the real estate investment trust’s stock after purchasing an additional 85,970 shares during the period. Texas Permanent School Fund Corp owned approximately 0.10% of Omega Healthcare Investors worth $10,442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of Omega Healthcare Investors during the 2nd quarter worth about $26,000. Smartleaf Asset Management LLC raised its position in shares of Omega Healthcare Investors by 40.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 268 shares during the period. CENTRAL TRUST Co boosted its stake in 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 worth $37,000 after acquiring an additional 943 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Omega Healthcare Investors during the second quarter valued at approximately $41,000. Finally, Bayforest Capital Ltd grew its holdings in Omega Healthcare Investors by 395.2% during the second quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 901 shares during the period. Institutional investors own 65.25% of the company’s stock.

Insiders Place Their Bets

In other Omega Healthcare Investors news, CEO C Taylor Pickett bought 20,000 shares of Omega Healthcare Investors stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average price of $43.14 per share, for a total transaction of $862,800.00. Following the completion of the acquisition, the chief executive officer owned 20,000 shares of the company’s stock, valued at $862,800. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CIO Vikas Gupta purchased 11,500 shares of the stock in a transaction on Thursday, November 6th. The stock was acquired at an average price of $42.97 per share, for a total transaction of $494,155.00. Following the completion of the purchase, the executive directly owned 13,773 shares in the company, valued at approximately $591,825.81. The trade was a 505.94% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

OHI has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Omega Healthcare Investors from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Scotiabank lifted their target price on Omega Healthcare Investors from $42.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Raymond James Financial reissued an “outperform” rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd. Cantor Fitzgerald initiated coverage on Omega Healthcare Investors in a research report on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price target on the stock. Finally, Truist Financial boosted their price objective on Omega Healthcare Investors from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, December 1st. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors presently has an average rating of “Moderate Buy” and an average target price of $46.44.

Check Out Our Latest Analysis on Omega Healthcare Investors

Omega Healthcare Investors Price Performance

OHI stock opened at $44.53 on Tuesday. The stock has a 50-day moving average price of $43.00 and a two-hundred day moving average price of $40.77. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $46.36. The stock has a market cap of $13.16 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.96 and a beta of 0.56. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.95.

Omega Healthcare Investors (NYSE:OHI – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $262.48 million. During the same period in the prior year, the firm earned $0.71 earnings per share. Omega Healthcare Investors’s revenue for the quarter was up 14.4% compared to the same quarter last year. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. Equities analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued 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 (DPR) is 149.72%.

About Omega Healthcare Investors

(Free Report)

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.

See Also

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