Wright Investors Service Inc. raised its position in Omega Healthcare Investors Inc (NYSE:OHI) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,170 shares of the real estate investment trust’s stock after buying an additional 438 shares during the period. Wright Investors Service Inc.’s holdings in Omega Healthcare Investors were worth $484,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. increased its stake in Omega Healthcare Investors by 2.7% in the 1st quarter. BlackRock Inc. now owns 24,307,257 shares of the real estate investment trust’s stock valued at $927,322,000 after buying an additional 629,799 shares during the last quarter. Federated Investors Inc. PA increased its stake in Omega Healthcare Investors by 7.6% in the 1st quarter. Federated Investors Inc. PA now owns 3,460,637 shares of the real estate investment trust’s stock valued at $132,023,000 after buying an additional 243,272 shares during the last quarter. Geode Capital Management LLC increased its stake in Omega Healthcare Investors by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 2,312,184 shares of the real estate investment trust’s stock valued at $81,791,000 after buying an additional 171,333 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Omega Healthcare Investors by 54.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 731,379 shares of the real estate investment trust’s stock valued at $27,902,000 after buying an additional 258,849 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Omega Healthcare Investors by 55.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 675,575 shares of the real estate investment trust’s stock valued at $25,775,000 after buying an additional 240,787 shares during the last quarter. Hedge funds and other institutional investors own 69.26% of the company’s stock.
Several equities research analysts have commented on the stock. Raymond James upgraded shares of Omega Healthcare Investors from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $40.00 to $42.00 in a research note on Thursday, August 8th. Zacks Investment Research upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Omega Healthcare Investors presently has a consensus rating of “Buy” and a consensus target price of $38.77.
In related news, CFO Robert O. Stephenson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $38.00, for a total value of $380,000.00. Following the completion of the transaction, the chief financial officer now directly owns 223,326 shares of the company’s stock, valued at approximately $8,486,388. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Taylor Pickett sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $38.00, for a total transaction of $1,140,000.00. Following the completion of the transaction, the chief executive officer now directly owns 269,133 shares of the company’s stock, valued at $10,227,054. The disclosure for this sale can be found here. Insiders have sold a total of 75,500 shares of company stock valued at $2,869,000 over the last three months. Insiders own 1.16% of the company’s stock.
Shares of Omega Healthcare Investors stock traded up $0.16 on Thursday, reaching $38.35. 1,364,315 shares of the company traded hands, compared to its average volume of 1,465,975. Omega Healthcare Investors Inc has a 52 week low of $31.69 and a 52 week high of $40.30. The business has a 50 day moving average of $37.13. The stock has a market cap of $8.26 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 5.03 and a beta of 0.42. The company has a quick ratio of 2.86, a current ratio of 2.78 and a debt-to-equity ratio of 1.17.
Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.39). Omega Healthcare Investors had a net margin of 29.38% and a return on equity of 6.79%. The company had revenue of $191.81 million for the quarter, compared to the consensus estimate of $190.46 million. During the same period in the prior year, the company earned $0.75 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Equities research analysts predict that Omega Healthcare Investors Inc will post 2.98 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date of this dividend is Tuesday, July 30th. Omega Healthcare Investors’s dividend payout ratio is currently 86.84%.
About Omega Healthcare Investors
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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