Pzena Investment Management LLC Raises Holdings in Omega Healthcare Investors Inc (OHI)

Pzena Investment Management LLC raised its stake in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 51.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,590 shares of the real estate investment trust’s stock after purchasing an additional 3,601 shares during the period. Pzena Investment Management LLC’s holdings in Omega Healthcare Investors were worth $292,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OHI. Janus Henderson Group PLC boosted its stake in shares of Omega Healthcare Investors by 228.3% during the 2nd quarter. Janus Henderson Group PLC now owns 61,298 shares of the real estate investment trust’s stock valued at $2,024,000 after buying an additional 42,629 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Omega Healthcare Investors in the 2nd quarter valued at $419,000. Public Employees Retirement System of Ohio lifted its stake in shares of Omega Healthcare Investors by 1.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 89,756 shares of the real estate investment trust’s stock valued at $2,964,000 after purchasing an additional 1,493 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Omega Healthcare Investors by 17.5% in the 3rd quarter. First Trust Advisors LP now owns 533,770 shares of the real estate investment trust’s stock valued at $17,033,000 after purchasing an additional 79,562 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Omega Healthcare Investors by 14.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 202,578 shares of the real estate investment trust’s stock valued at $6,464,000 after purchasing an additional 25,372 shares during the last quarter. 71.90% of the stock is owned by institutional investors.

OHI has been the subject of several analyst reports. Vetr lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $32.96 price objective for the company. in a research note on Monday, October 30th. Stifel Nicolaus lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and reduced their price objective for the company from $35.00 to $29.00 in a research note on Tuesday, October 31st. TheStreet lowered shares of Omega Healthcare Investors from a “b-” rating to a “c” rating in a research note on Monday, October 30th. Hilliard Lyons lowered shares of Omega Healthcare Investors to a “buy” rating in a research note on Wednesday, November 1st. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Omega Healthcare Investors in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $31.37.

In other news, Director Bernard J. Korman bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were purchased at an average price of $26.89 per share, for a total transaction of $2,689,000.00. Following the acquisition, the director now directly owns 896,895 shares of the company’s stock, valued at approximately $24,117,506.55. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.54% of the company’s stock.

Omega Healthcare Investors Inc (NYSE:OHI) opened at $25.77 on Friday. The company has a market cap of $5,098.52, a price-to-earnings ratio of 7.77, a P/E/G ratio of 2.91 and a beta of 0.41. Omega Healthcare Investors Inc has a twelve month low of $24.90 and a twelve month high of $35.14. The company has a quick ratio of 3.40, a current ratio of 3.55 and a debt-to-equity ratio of 1.18.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.18). The firm had revenue of $221.21 million during the quarter, compared to the consensus estimate of $219.07 million. Omega Healthcare Investors had a return on equity of 2.48% and a net margin of 11.06%. analysts expect that Omega Healthcare Investors Inc will post 2.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 10.24%. The ex-dividend date of this dividend was Tuesday, January 30th. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.65. Omega Healthcare Investors’s dividend payout ratio (DPR) is 528.01%.

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About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.

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Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

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