Wedbush Securities Inc. increased its position in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 41.5% during the 2nd quarter, Holdings Channel reports. The fund owned 9,469 shares of the real estate investment trust’s stock after buying an additional 2,776 shares during the quarter. Wedbush Securities Inc.’s holdings in Omega Healthcare Investors were worth $348,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in OHI. Geode Capital Management LLC lifted its stake in Omega Healthcare Investors by 8.0% during the fourth 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 in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Omega Healthcare Investors during the first quarter worth $232,000. Raymond James Trust N.A. acquired a new position in Omega Healthcare Investors during the first quarter worth $218,000. Nisa Investment Advisors LLC lifted its stake in Omega Healthcare Investors by 23.9% during the first quarter. Nisa Investment Advisors LLC now owns 89,980 shares of the real estate investment trust’s stock worth $3,433,000 after purchasing an additional 17,380 shares in the last quarter. Finally, Financial Gravity Wealth Inc. acquired a new position in Omega Healthcare Investors during the first quarter worth $323,000. 69.26% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently issued reports on the company. Raymond James upgraded 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 Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday, July 31st. Five investment 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 has an average rating of “Buy” and a consensus price target of $38.77.
Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.39). The company had revenue of $191.81 million during the quarter, compared to analyst estimates of $190.46 million. Omega Healthcare Investors had a net margin of 29.38% and a return on equity of 6.79%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 earnings per share. On average, analysts expect that Omega Healthcare Investors Inc will post 2.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend was Tuesday, July 30th. Omega Healthcare Investors’s payout ratio is currently 86.84%.
In related news, CFO Robert O. Stephenson sold 10,000 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $38.00, for a total value of $380,000.00. Following the transaction, the chief financial officer now owns 223,326 shares of the company’s stock, valued at $8,486,388. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Taylor Pickett sold 5,500 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $38.00, for a total value of $209,000.00. Following the completion of the transaction, the chief executive officer now directly owns 227,933 shares in the company, valued at approximately $8,661,454. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,500 shares of company stock worth $2,869,000. Insiders own 1.16% of the company’s stock.
Omega Healthcare Investors 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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