Ingalls & Snyder LLC lowered its stake in Omega Healthcare Investors Inc (NYSE:OHI) by 22.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 41,710 shares of the real estate investment trust’s stock after selling 12,200 shares during the quarter. Ingalls & Snyder LLC’s holdings in Omega Healthcare Investors were worth $1,149,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Barnett & Company Inc. grew its stake in Omega Healthcare Investors by 1,980.0% in the 3rd quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock valued at $166,000 after acquiring an additional 4,950 shares during the period. Mcmillion Capital Management Inc. acquired a new stake in Omega Healthcare Investors in the 3rd quarter valued at $201,000. Timber Hill LLC acquired a new stake in Omega Healthcare Investors in the 3rd quarter valued at $206,000. Good Life Advisors LLC acquired a new stake in Omega Healthcare Investors in the 3rd quarter valued at $209,000. Finally, Cetera Investment Advisers acquired a new stake in Omega Healthcare Investors in the 2nd quarter valued at $235,000. 67.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Omega Healthcare Investors Inc (OHI) traded up $0.25 during mid-day trading on Monday, hitting $26.38. 3,376,248 shares of the stock traded hands, compared to its average volume of 2,260,000. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.40 and a current ratio of 3.40. The firm has a market cap of $5,200.00, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.70 and a beta of 0.41. Omega Healthcare Investors Inc has a 1 year low of $24.90 and a 1 year high of $35.14.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.66 per share. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $2.64 annualized dividend and a dividend yield of 10.01%. Omega Healthcare Investors’s payout ratio is presently 347.37%.
A number of research firms recently issued reports on OHI. ValuEngine cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Capital One Financial began coverage on shares of Omega Healthcare Investors in a research note on Monday, October 23rd. They issued an “equal weight” rating and a $34.00 price target on the stock. SunTrust Banks reaffirmed a “hold” rating and set a $30.00 target price on shares of Omega Healthcare Investors in a research note on Wednesday, November 1st. Cantor Fitzgerald began coverage on shares of Omega Healthcare Investors in a research note on Wednesday, December 20th. They set an “overweight” rating and a $34.00 target price on the stock. Finally, Vetr cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $33.33 target price on the stock. in a research note on Thursday, October 19th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $31.85.
In other news, Director Bernard J. Korman purchased 100,000 shares of the stock in a transaction dated Friday, December 22nd. The shares were purchased at an average price of $26.89 per share, with a total value of $2,689,000.00. Following the transaction, the director now owns 896,895 shares in the company, valued at approximately $24,117,506.55. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.54% of the company’s stock.
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Omega Healthcare Investors Profile
Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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