OppenheimerFunds Inc. raised its position in Omega Healthcare Investors Inc (NYSE:OHI) by 7.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,661 shares of the real estate investment trust’s stock after purchasing an additional 4,001 shares during the period. OppenheimerFunds Inc.’s holdings in Omega Healthcare Investors were worth $1,640,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Omega Healthcare Investors by 2.1% in the 4th quarter. BlackRock Inc. now owns 21,258,742 shares of the real estate investment trust’s stock valued at $585,466,000 after purchasing an additional 438,005 shares during the period. MML Investors Services LLC boosted its holdings in Omega Healthcare Investors by 12.0% in the 4th quarter. MML Investors Services LLC now owns 76,291 shares of the real estate investment trust’s stock valued at $2,101,000 after purchasing an additional 8,157 shares during the period. Candriam Luxembourg S.C.A. bought a new position in Omega Healthcare Investors in the 4th quarter valued at $468,000. First Republic Investment Management Inc. bought a new position in Omega Healthcare Investors in the 4th quarter valued at $978,000. Finally, Bank of New York Mellon Corp boosted its holdings in Omega Healthcare Investors by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 4,408,364 shares of the real estate investment trust’s stock valued at $121,406,000 after purchasing an additional 466,377 shares during the period. 71.33% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have commented on OHI. Jefferies Financial Group raised shares of Omega Healthcare Investors from an “underperform” rating to a “hold” rating and set a $27.00 price target for the company in a report on Wednesday, May 16th. ValuEngine downgraded shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Raymond James began coverage on shares of Omega Healthcare Investors in a report on Wednesday, April 25th. They set a “market perform” rating for the company. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $34.00 price objective on shares of Omega Healthcare Investors in a report on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.00.
Omega Healthcare Investors opened at $31.25 on Tuesday, according to Marketbeat. Omega Healthcare Investors Inc has a 52-week low of $24.90 and a 52-week high of $34.84. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.20. The firm has a market cap of $6.21 billion, a PE ratio of 9.47, a P/E/G ratio of 3.53 and a beta of 0.41.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Monday, May 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Omega Healthcare Investors had a net margin of 8.94% and a return on equity of 2.02%. The company had revenue of $193.90 million during the quarter, compared to the consensus estimate of $194.60 million. During the same period in the previous year, the firm posted $0.86 EPS. The firm’s revenue was up .7% compared to the same quarter last year. equities analysts expect that Omega Healthcare Investors Inc will post 2.96 EPS for the current year.
Omega Healthcare Investors Company Profile
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 US, as well as in the UK.
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