Western Wealth Management LLC increased its stake in Omega Healthcare Investors Inc (NYSE:OHI) by 740.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,079 shares of the real estate investment trust’s stock after purchasing an additional 112,836 shares during the quarter. Western Wealth Management LLC owned approximately 0.06% of Omega Healthcare Investors worth $4,709,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of Omega Healthcare Investors by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 2,312,184 shares of the real estate investment trust’s stock worth $81,791,000 after purchasing an additional 171,333 shares during the period. Investors Research Corp acquired a new stake in Omega Healthcare Investors in the 1st quarter valued at about $104,000. BB&T Corp acquired a new stake in Omega Healthcare Investors in the 1st quarter valued at about $1,722,000. Reilly Financial Advisors LLC grew its stake in Omega Healthcare Investors by 68.1% in the 1st quarter. Reilly Financial Advisors LLC now owns 992 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 402 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Omega Healthcare Investors in the 1st quarter valued at about $317,000. 66.86% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on OHI shares. Raymond James raised 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 cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wells Fargo & Co increased their price objective on shares of Omega Healthcare Investors from $36.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Omega Healthcare Investors currently has an average rating of “Hold” and an average target price of $38.92.
NYSE OHI traded up $0.37 during mid-day trading on Friday, hitting $40.55. The company’s stock had a trading volume of 2,181,139 shares, compared to its average volume of 1,743,594. Omega Healthcare Investors Inc has a 52-week low of $31.69 and a 52-week high of $40.30. The stock’s fifty day simple moving average is $37.50 and its two-hundred day simple moving average is $36.86. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.78 and a quick ratio of 2.78. The firm has a market capitalization of $8.80 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 5.20 and a beta of 0.42.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.39). The firm had revenue of $191.81 million for the quarter, compared to analysts’ expectations of $190.46 million. Omega Healthcare Investors had a net margin of 29.38% and a return on equity of 6.79%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. On average, equities analysts forecast that Omega Healthcare Investors Inc will post 2.95 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend was Tuesday, July 30th. Omega Healthcare Investors’s payout ratio is currently 86.84%.
In other news, CEO C Taylor Pickett sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $38.00, for a total transaction of $1,140,000.00. Following the completion of the sale, the chief executive officer now owns 269,133 shares of the company’s stock, valued at $10,227,054. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert O. Stephenson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $38.00, for a total transaction of $380,000.00. Following the sale, the chief financial officer now directly owns 223,326 shares of the company’s stock, valued at approximately $8,486,388. The disclosure for this sale can be found here. Insiders have sold 85,500 shares of company stock valued at $3,259,000 in the last three months. Corporate insiders own 1.16% of the company’s stock.
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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