Western Wealth Management LLC raised its holdings in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 740.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,079 shares of the real estate investment trust’s stock after acquiring an additional 112,836 shares during the quarter. Western Wealth Management LLC’s holdings in Omega Healthcare Investors were worth $4,709,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in OHI. Coastal Investment Advisors Inc. grew its stake in shares of Omega Healthcare Investors by 148.4% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 683 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 408 shares in the last quarter. Kavar Capital Partners LLC bought a new stake in shares of Omega Healthcare Investors in the 2nd quarter valued at approximately $33,000. Reilly Financial Advisors LLC grew its stake in shares of 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 buying an additional 402 shares in the last quarter. Avestar Capital LLC grew its stake in shares of Omega Healthcare Investors by 63.2% in the 1st quarter. Avestar Capital LLC now owns 1,286 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 498 shares in the last quarter. Finally, Gradient Investments LLC grew its stake in shares of Omega Healthcare Investors by 54.5% in the 2nd quarter. Gradient Investments LLC now owns 1,326 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 468 shares in the last quarter. 66.86% of the stock is currently owned by institutional investors.
In related news, CEO C Taylor Pickett sold 30,000 shares of the business’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 value of $1,140,000.00. Following the completion of the sale, the chief executive officer now directly owns 269,133 shares in the company, valued at approximately $10,227,054. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert O. Stephenson sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $39.00, for a total value of $390,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,500 shares of company stock valued at $3,259,000. Corporate insiders own 1.16% of the company’s stock.
Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $190.46 million. During the same quarter last year, the firm posted $0.75 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts expect that Omega Healthcare Investors Inc will post 2.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $2.64 annualized dividend and a yield of 6.51%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 86.84%.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Wednesday. Raymond James raised Omega Healthcare Investors from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $40.00 to $42.00 in a research note on Thursday, August 8th. Finally, Wells Fargo & Co boosted their price target on Omega Healthcare Investors from $36.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.92.
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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