State Street Discloses 6.0% Stake in Omega Healthcare Investors

Ticker: OHI · Form: SC 13G/A · Filed: 2024-01-29T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, REIT

TL;DR

**State Street owns 6.0% of Omega Healthcare Investors, a big institutional vote of confidence.**

AI Summary

State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership in Omega Healthcare Investors Inc. As of December 31, 2023, State Street reported beneficial ownership of 15,364,064 shares, representing 6.0% of Omega Healthcare Investors' REIT class securities. This filing indicates a significant, though passive, institutional stake in the company, which could be seen as a vote of confidence from a large asset manager.

Why It Matters

This filing shows that a major institutional investor, State Street, holds a substantial portion of Omega Healthcare Investors, which can signal stability and institutional interest in the company's stock.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not indicate any immediate risk or change in company operations.

Analyst Insight

Investors should note State Street's significant, passive stake as a sign of institutional confidence, but this filing alone doesn't suggest immediate buying or selling action. It's a data point for long-term holders.

Key Numbers

15,364,064 — Shares Beneficially Owned (Represents State Street's total holdings in Omega Healthcare Investors Inc. as of December 31, 2023.)
6.0% — Percentage of Class Owned (Indicates the significant portion of Omega Healthcare Investors Inc.'s REIT class securities held by State Street.)

Key Players & Entities

State Street Corporation (company) — the reporting person and beneficial owner
Omega Healthcare Investors Inc (company) — the issuer of the securities
15,364,064 shares (dollar_amount) — the number of shares beneficially owned by State Street
6.0% (dollar_amount) — the percentage of the class beneficially owned by State Street
December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

Omega Healthcare Investors Inc. will likely maintain its current dividend policy. (Omega Healthcare Investors Inc.) — medium confidence, target: 2024-12-31
State Street Corporation will continue to hold a significant, passive stake in Omega Healthcare Investors Inc. (State Street Corporation) — high confidence, target: 2025-01-29

FAQ

Who filed this SC 13G/A amendment?

State Street Corporation filed this SC 13G/A amendment, as indicated by the 'FILED BY' section and 'NAME OF REPORTING PERSON: STATE STREET CORPORATION' on page 2.

What company's shares are being reported in this filing?

The shares of Omega Healthcare Investors Inc. are being reported, as stated under 'SUBJECT COMPANY' and 'NAME OF ISSUER: OMEGA HEALTHCARE INVESTORS INC'.

What was the date of the event that triggered this filing?

The date of the event which required this filing was December 31, 2023, as specified on the cover page of the filing.

What percentage of Omega Healthcare Investors Inc.'s securities does State Street Corporation beneficially own?

State Street Corporation beneficially owns 6.0% of Omega Healthcare Investors Inc.'s REIT class securities, as stated in the summary information.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13D-1 (B), as indicated by the 'CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: (X) RULE 13D-1 (B)'.

From the Filing

0000093751-24-000345.txt : 20240129 0000093751-24-000345.hdr.sgml : 20240129 20240129122916 ACCESSION NUMBER: 0000093751-24-000345 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OMEGA HEALTHCARE INVESTORS INC CENTRAL INDEX KEY: 0000888491 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 383041398 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43542 FILM NUMBER: 24571949 BUSINESS ADDRESS: STREET 1: 303 INTERNATIONAL CIRCLE, STREET 2: SUITE 200 CITY: HUNT VALLEY STATE: MD ZIP: 21030 BUSINESS PHONE: 410-427-1700 MAIL ADDRESS: STREET 1: 303 INTERNATIONAL CIRCLE, STREET 2: SUITE 200 CITY: HUNT VALLEY STATE: MD ZIP: 21030 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP CENTRAL INDEX KEY: 0000093751 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 042456637 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 BUSINESS PHONE: 617 786-3000 MAIL ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET Corp DATE OF NAME CHANGE: 20090218 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET CORP DATE OF NAME CHANGE: 19970424 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET BOSTON FINANCIAL CORP DATE OF NAME CHANGE: 19780525 SC 13G/A 1 Omega_Health_Invest_Inc.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING OMEGA HEALTHCARE INVESTORS INC (NAME OF ISSUER) REIT (TITLE OF CLASS OF SECURITIES) 681936100 (CUSIP NUMBER) 12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: (X) RULE 13D-1 (B) ( ) RULE 13D-1 (C) ( ) RULE 13D-1 (D) *THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A REPORTING PERSON`S INITIAL FILING ON THIS FORM WITH RESPECT TO THE SUBJECT CLASS OF SECURITIES, AND FOR ANY SUBSEQUENT AMENDMENT CONTAINING INFORMATION WHICH WOULD ALTER THE DISCLOSURES PROVIDED IN A PRIOR COVER PAGE. THE INFORMATION REQUIRED IN THE REMAINDER OF THIS COVER PAGE SHALL NOT BE DEEMED TO BE "FILED" FOR THE PURPOSE OF SECTION 18 OF THE SECURITIES EXCHANGE ACT OF 1934 ("ACT") OR OTHERWISE SUBJECT TO THE LIABILITIES OF THAT SECTION OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS OF THE ACT (HOWEVER, SEE THE NOTES). CUSIP NO:681936100 13G Page 2 of 5 Pages 1. NAME OF REPORTING PERSON: STATE STREET CORPORATION I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON: 04-2456637 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP NOT APPLICABLE 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION BOSTON, MASSACHUSETTS 5. SOLE VOTING POWER 0 SHARES 6. SHARED VOTING POWER 10,472,278 7. SOLE DISPOSITIVE POWER 0 SHARES 8. SHARED DISPOSITIVE POWER 13,590,922 9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,615,622 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES NOT APPLICABLE 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.56% 12. TYPE OF REPORTING PERSON HC CUSIP NO: 681936100 13G Page 3 of 5 Pages ITEM 1. (A) NAME OF ISSUER OMEGA HEALTHCARE INVESTORS INC (B) ADDRESS OF ISSUER`S PRINCIPAL EXECUTIVE OFFICES 303 INTERNATIONAL CIRCLE SUITE 200 HUNT VALLEY MD 21030 UNITED STATES ITEM 2. (A) NAME OF PERSON FILING STATE STREET CORPORATION (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE STATE STREET FINANCIAL CENTER 1 CONGRESS STREET, SUITE 1 BOSTON, MA 02114-2016 (FOR ALL REPORTING PERSONS) (C) CITIZENSHIP: SEE ITEM 4 (CITIZENSHIP OR PLACE