Omega Healthcare Investors, Inc. $OHI Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,531,010 shares of the real estate investment trust’s stock after buying an additional 25,534 shares during the period. Russell Investments Group Ltd.’s holdings in Omega Healthcare Investors were worth $70,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OHI. Envestnet Portfolio Solutions Inc. grew its stake in Omega Healthcare Investors by 3.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,938 shares of the real estate investment trust’s stock valued at $283,000 after acquiring an additional 222 shares during the period. Fortitude Family Office LLC raised its position in shares of Omega Healthcare Investors by 50.3% during the third quarter. Fortitude Family Office LLC now owns 699 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 234 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of Omega Healthcare Investors by 3.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 9,583 shares of the real estate investment trust’s stock worth $444,000 after purchasing an additional 277 shares in the last quarter. Pinion Investment Advisors LLC lifted its holdings in shares of Omega Healthcare Investors by 1.7% in the 3rd quarter. Pinion Investment Advisors LLC now owns 16,868 shares of the real estate investment trust’s stock worth $781,000 after purchasing an additional 284 shares in the last quarter. Finally, Anchor Investment Management LLC grew its position in Omega Healthcare Investors by 4.1% in the 2nd quarter. Anchor Investment Management LLC now owns 7,593 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 297 shares during the period. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Down 0.0%

Omega Healthcare Investors stock traded down $0.01 during trading on Friday, hitting $47.02. 2,566,450 shares of the company were exchanged, compared to its average volume of 2,126,881. The company has a market capitalization of $14.31 billion, a P/E ratio of 18.96, a PEG ratio of 1.72 and a beta of 0.56. The business’s 50 day moving average is $46.43 and its 200 day moving average is $46.79. Omega Healthcare Investors, Inc. has a 52 week low of $42.18 and a 52 week high of $52.39.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Tuesday, November 3rd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.20). The company had revenue of $340.55 million for the quarter, compared to the consensus estimate of $269.16 million. Omega Healthcare Investors had a net margin of 58.11% and a return on equity of 13.66%. Omega Healthcare Investors’s revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.79 earnings per share. Equities analysts expect that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 5th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, November 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 109.68%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays decreased their price target on shares of Omega Healthcare Investors from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Tuesday, October 13th. UBS Group lifted their price objective on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup reissued a “market outperform” rating on shares of Omega Healthcare Investors in a research report on Wednesday. Wall Street Zen upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Finally, Citizens Jmp upgraded shares of Omega Healthcare Investors from a “market perform” rating to a “market outperform” rating and set a $52.00 target price on the stock in a report on Thursday, October 22nd. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $50.27.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc. is a real estate investment trust (REIT) focused on healthcare facilities, particularly skilled nursing and assisted living properties. The company invests in these facilities through real estate leases, loans and other financing arrangements. Its portfolio serves healthcare operators in the United States and the United Kingdom. Omega primarily leases properties to third-party operators, which manage the facilities and provide care to residents. Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega is led by President and Chief Executive Officer Taylor Pickett.