State of Alaska Department of Revenue Sells 49,779 Shares of Omega Healthcare Investors Inc (NYSE:OHI)

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State of Alaska Department of Revenue cut its stake in Omega Healthcare Investors Inc (NYSE:OHI) by 47.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,185 shares of the real estate investment trust’s stock after selling 49,779 shares during the quarter. State of Alaska Department of Revenue’s holdings in Omega Healthcare Investors were worth $2,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Omega Healthcare Investors by 5.6% in the second quarter. Vanguard Group Inc. now owns 31,995,715 shares of the real estate investment trust’s stock worth $1,175,842,000 after buying an additional 1,686,492 shares in the last quarter. BlackRock Inc. increased its position in Omega Healthcare Investors by 2.5% in the second quarter. BlackRock Inc. now owns 24,907,576 shares of the real estate investment trust’s stock worth $915,351,000 after purchasing an additional 600,319 shares during the last quarter. Bank of New York Mellon Corp increased its position in Omega Healthcare Investors by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 5,048,815 shares of the real estate investment trust’s stock worth $185,543,000 after purchasing an additional 98,805 shares during the last quarter. Invesco Ltd. increased its position in Omega Healthcare Investors by 19.0% in the second quarter. Invesco Ltd. now owns 3,204,955 shares of the real estate investment trust’s stock worth $117,781,000 after purchasing an additional 512,093 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in Omega Healthcare Investors by 225.1% in the second quarter. Nuveen Asset Management LLC now owns 2,751,329 shares of the real estate investment trust’s stock worth $101,111,000 after purchasing an additional 1,904,949 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Berenberg Bank assumed coverage on shares of Omega Healthcare Investors in a research report on Thursday, September 12th. They set a “buy” rating and a $47.00 price objective on the stock. Raymond James boosted their price objective on shares of Omega Healthcare Investors from $42.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 12th. Finally, Wells Fargo & Co boosted 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 report on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $40.04.

In other Omega Healthcare Investors news, insider Michael Ritz sold 5,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $40.50, for a total transaction of $202,500.00. Following the completion of the sale, the insider now directly owns 10,485 shares of the company’s stock, valued at $424,642.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert O. Stephenson sold 10,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $39.00, for a total transaction of $390,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,500 shares of company stock valued at $1,822,300. Insiders own 1.16% of the company’s stock.

Shares of NYSE OHI traded down $0.04 during mid-day trading on Wednesday, reaching $42.60. The company had a trading volume of 18,035 shares, compared to its average volume of 1,671,066. The business’s 50-day moving average is $41.07 and its 200-day moving average is $37.91. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 1.17. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 5.63 and a beta of 0.34. Omega Healthcare Investors Inc has a 52 week low of $31.83 and a 52 week high of $42.72.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.39). Omega Healthcare Investors had a return on equity of 6.79% and a net margin of 29.38%. The company had revenue of $191.81 million during the quarter, compared to the consensus estimate of $190.46 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts forecast that Omega Healthcare Investors Inc will post 2.96 earnings per share for the current year.

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

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