Omega is a real estate investment trust 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 United States, as well as in the United Kingdom.
Company profile
Ticker
OHI
Exchange
Website
CEO
C. Taylor Pickett
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
11900 East Artesia Boulevard, LLC • 1200 Ely Street Holdings Co. LLC • 13922 Cerise Avenue, LLC • 1628 B Street, LLC • 22 – 26 Southeast Sixth Street, LLC • 2400 Parkside Drive, LLC • 2425 Teller Avenue, LLC • 245 East Wilshire Avenue, LLC • 305 West End Avenue Property, L.L.C. • 3232 Artesia Real Estate, LLC ...
IRS number
383041398
OHI stock data
Calendar
2 Aug 22
18 Aug 22
31 Dec 22
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 168.46M | 168.46M | 168.46M | 168.46M | 168.46M | 168.46M |
| Cash burn (monthly) | 108.77M | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 179.29M | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | -10.82M | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | -0.1 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Jul 22 | Neal Ballew | Common Stock | Grant | Acquire A | No | No | 28.19 | 329 | 9.27K | 1,516 |
| 3 Jun 22 | Lisa Egbuonu-Davis | Common Stock | Grant | Acquire A | No | No | 29.23 | 5,131 | 149.98K | 8,518 |
| 3 Jun 22 | Whitman Burke W | Common Stock | Grant | Acquire A | No | No | 29.23 | 5,131 | 149.98K | 30,165 |
| 3 Jun 22 | Kevin J Jacobs | Common Stock | Grant | Acquire A | No | No | 29.23 | 8,381 | 244.98K | 18,016 |
| 3 Jun 22 | Callen Craig R | Profits Interest Units OP Units | Grant | Acquire A | No | No | 0 | 13,497 | 0 | 23,898 |
Institutional ownership, Q2 2022
62.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 477 |
| Opened positions | 62 |
| Closed positions | 62 |
| Increased positions | 171 |
| Reduced positions | 156 |
| 13F shares | Current |
|---|---|
| Total value | 4.16B |
| Total shares | 147.31M |
| Total puts | 1.25M |
| Total calls | 1.27M |
| Total put/call ratio | 1.0 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 34.27M | $966.14M |
| BLK Blackrock | 26.57M | $748.89M |
| STT State Street | 13.09M | $368.98M |
| BK Bank Of New York Mellon | 7.17M | $202.22M |
| Geode Capital Management | 4.13M | $116.46M |
| Dimensional Fund Advisors | 3.25M | $91.66M |
| LSV Asset Management | 2.84M | $79.99M |
| FHI Federated Hermes | 2.57M | $72.54M |
| Charles Schwab Investment Management | 2.41M | $68M |
| MS Morgan Stanley | 2.35M | $66.17M |
Financial report summary
?Management Discussion
- Our revenues for the three months ended June 30, 2022 totaled $244.6 million, a decrease of approximately $12.8 million over the same period in 2021. Included below is a description of the material changes in revenues for the three months ended June 30, 2022 compared to the same period in 2021:
- Our expenses for the three months ended June 30, 2022 totaled $174.2 million, a decrease of approximately $0.9 million over the same period in 2021. Included below is a description of the material changes in expenses for the three months ended June 30, 2022 compared to the same period in 2021:
- For the three months ended June 30, 2022, total other income was $20.8 million, an increase of approximately $16.5 million over the same period in 2021. The increase was mainly due to a $21.1 million increase in gain on assets sold related to the sale of 13 facilities in the second quarter of 2022 compared to the sale of six facilities during the same period in 2021 partially offset by a $3.0 million legal reserve recorded in other (expense) income – net discussed in Note 18 – Commitments and Contingencies.
Content analysis
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H.S. senior Avg
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New words:
budget, capacity, Ciena, clarity, correlate, cycle, drew, established, expenditure, feedback, FY, half, Indiana, Infrastructure, insufficient, Lessor, Likewise, mandatorily, mezzanine, occurrence, parity, recalibrated, recalibration, redeemed, room, routine, rulemaking, spending, supposed, tool, widespread
Removed:
acceleration, account, accuracy, assure, bank, British, caution, complying, considerable, constrained, decline, denominated, deteriorate, education, enforce, exclusion, freedom, gathering, GBP, housing, impose, inconsistent, incur, independently, interruption, involving, led, lending, managing, Michigan, movement, personnel, prevent, professional, proposed, prospectively, protection, rapidly, refinancing, reinstated, reopening, speed, Sterling, subsequently, transitioning, uncollected, USD, validated, variation, workforce, wrote
Financial reports
Current reports
8-K
Omega Reports Second Quarter 2022 Results and Recent Developments
1 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
6 Jun 22
8-K
Omega Reports First Quarter 2022 Results and Recent Developments
2 May 22
8-K
Omega Issues Business Update In Conjunction with the Credit Suisse Inaugural Healthcare Reit Summit
4 Apr 22
8-K
Omega Reports Fourth Quarter 2021 Results and Recent Developments
2 Feb 22
8-K
Omega Announces Quarterly Dividend, Authorizes $500 Million Stock Repurchase Program, and Announces 2022 Annual Meeting Dates
27 Jan 22
8-K
Departure of Directors or Certain Officers
4 Jan 22
8-K
Omega Reports Third Quarter 2021 Results and Recent Developments
4 Nov 21
8-K
Omega Issues Business Update In Conjunction with Bofa Securities 2021 Global Real Estate Conference
21 Sep 21
8-K
Other Events
5 Aug 21
Registration and prospectus
S-3ASR
Automatic shelf registration
7 Dec 21
424B5
Prospectus supplement for primary offering
5 Aug 21
424B2
Prospectus for primary offering
20 May 21
S-3ASR
Automatic shelf registration
13 May 21
424B5
Prospectus supplement for primary offering
5 Mar 21
424B5
Prospectus supplement for primary offering
4 Mar 21
FWP
Free writing prospectus
3 Mar 21
424B5
Prospectus supplement for primary offering
3 Mar 21
424B5
Prospectus supplement for primary offering
9 Oct 20
FWP
Free writing prospectus
7 Oct 20
Other
EFFECT
Notice of effectiveness
9 Apr 19
CORRESP
Correspondence with SEC
4 Apr 19
CORRESP
Correspondence with SEC
28 Mar 19
UPLOAD
Letter from SEC
30 Jul 18
CORRESP
Correspondence with SEC
5 Jul 18
UPLOAD
Letter from SEC
25 Jun 18
UPLOAD
Letter from SEC
12 May 16
CORRESP
Correspondence with SEC
2 May 16
UPLOAD
Letter from SEC
28 Apr 16
EFFECT
Notice of effectiveness
7 Dec 15
Ownership
4
OMEGA HEALTHCARE INVESTORS / Neal Ballew ownership change
14 Jul 22
4
OMEGA HEALTHCARE INVESTORS / Kapila K Anand ownership change
7 Jun 22
4
OMEGA HEALTHCARE INVESTORS / BARBARA B HILL ownership change
6 Jun 22
4
OMEGA HEALTHCARE INVESTORS / STEPHEN D PLAVIN ownership change
6 Jun 22
4
OMEGA HEALTHCARE INVESTORS / CRAIG R CALLEN ownership change
6 Jun 22
4
OMEGA HEALTHCARE INVESTORS / Kevin J Jacobs ownership change
6 Jun 22
4
OMEGA HEALTHCARE INVESTORS / BURKE W WHITMAN ownership change
6 Jun 22
4
OMEGA HEALTHCARE INVESTORS / Lisa Egbuonu-Davis ownership change
6 Jun 22
4
OMEGA HEALTHCARE INVESTORS / C TAYLOR PICKETT ownership change
11 May 22
4
OMEGA HEALTHCARE INVESTORS / Neal Ballew ownership change
8 Apr 22
Transcripts
2021 Q4
Earnings call transcript
3 Feb 22
2020 Q2
Earnings call transcript
6 Aug 20
2020 Q1
Earnings call transcript
5 May 20
2019 Q4
Earnings call transcript
6 Feb 20
2019 Q3
Earnings call transcript
6 Nov 19
2019 Q2
Earnings call transcript
7 Aug 19
2019 Q1
Earnings call transcript
8 May 19
2018 Q4
Earnings call transcript
12 Feb 19
2018 Q3
Earnings call transcript
5 Nov 18
2018 Q2
Earnings call transcript
6 Aug 18