Northwestern Mutual Wealth Management Co. Grows Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 77.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,181 shares of the real estate investment trust’s stock after buying an additional 1,386 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Omega Healthcare Investors were worth $109,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Daiwa Securities Group Inc. boosted its holdings in Omega Healthcare Investors by 1,030.8% in the second quarter. Daiwa Securities Group Inc. now owns 945,523 shares of the real estate investment trust’s stock valued at $32,384,000 after acquiring an additional 861,907 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Omega Healthcare Investors during the 2nd quarter valued at about $20,962,000. BROOKFIELD Corp ON purchased a new position in shares of Omega Healthcare Investors during the first quarter valued at about $16,446,000. Vanguard Group Inc. raised its stake in Omega Healthcare Investors by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 35,214,682 shares of the real estate investment trust’s stock worth $1,079,682,000 after buying an additional 346,811 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Omega Healthcare Investors by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,732,390 shares of the real estate investment trust’s stock worth $127,831,000 after buying an additional 272,299 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company reiterated an “overweight” rating and set a $43.00 target price (up previously from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday, October 1st. Scotiabank increased their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. BMO Capital Markets raised their price objective on Omega Healthcare Investors from $44.00 to $45.00 and gave the company a “market perform” rating in a research report on Monday, October 7th. Truist Financial upped their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Finally, Mizuho lowered shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $34.00 to $35.00 in a research note on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.00.

Insider Buying and Selling at Omega Healthcare Investors

In other news, COO Daniel J. Booth sold 56,725 shares of Omega Healthcare Investors stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $40.25, for a total value of $2,283,181.25. Following the completion of the sale, the chief operating officer now directly owns 100,000 shares in the company, valued at $4,025,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Daniel J. Booth sold 56,725 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $40.25, for a total value of $2,283,181.25. Following the sale, the chief operating officer now owns 100,000 shares in the company, valued at approximately $4,025,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Robert O. Stephenson sold 22,542 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $40.19, for a total transaction of $905,962.98. Following the sale, the chief financial officer now owns 183,076 shares of the company’s stock, valued at approximately $7,357,824.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.

Omega Healthcare Investors Trading Up 0.5 %

NYSE:OHI opened at $39.77 on Friday. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 1.28 and a beta of 1.00. The company has a quick ratio of 5.79, a current ratio of 5.79 and a debt-to-equity ratio of 1.19. The company’s 50 day moving average price is $39.34 and its 200-day moving average price is $34.84. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $41.53.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.45 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.20). Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. The business had revenue of $252.70 million for the quarter, compared to analysts’ expectations of $205.92 million. During the same quarter in the prior year, the business posted $0.74 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, equities research analysts forecast that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.74%. The ex-dividend date of this dividend was Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 241.44%.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.