Tocqueville Asset Management L.P. lowered its position in Omega Healthcare Investors Inc (NYSE:OHI) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,189 shares of the real estate investment trust’s stock after selling 3,066 shares during the period. Tocqueville Asset Management L.P.’s holdings in Omega Healthcare Investors were worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its stake in Omega Healthcare Investors by 6.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 872,421 shares of the real estate investment trust’s stock worth $27,839,000 after purchasing an additional 54,052 shares during the last quarter. Weaver C. Barksdale & Associates Inc. lifted its stake in Omega Healthcare Investors by 77.2% in the fourth quarter. Weaver C. Barksdale & Associates Inc. now owns 52,210 shares of the real estate investment trust’s stock worth $1,438,000 after purchasing an additional 22,743 shares during the last quarter. California Public Employees Retirement System lifted its stake in Omega Healthcare Investors by 5.4% in the third quarter. California Public Employees Retirement System now owns 389,557 shares of the real estate investment trust’s stock worth $12,431,000 after purchasing an additional 19,876 shares during the last quarter. Jaffetilchin Investment Partners LLC bought a new stake in Omega Healthcare Investors in the third quarter worth about $277,000. Finally, Legal & General Group Plc lifted its stake in Omega Healthcare Investors by 12.6% in the third quarter. Legal & General Group Plc now owns 703,210 shares of the real estate investment trust’s stock worth $22,439,000 after purchasing an additional 78,704 shares during the last quarter. 73.28% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on OHI shares. Zacks Investment Research downgraded shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Cantor Fitzgerald reissued a “buy” rating and issued a $34.00 price objective on shares of Omega Healthcare Investors in a research note on Tuesday, February 13th. SunTrust Banks set a $28.00 price objective on shares of Omega Healthcare Investors and gave the stock a “hold” rating in a research note on Monday, January 22nd. Wells Fargo & Co raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Thursday, February 15th. Finally, Jefferies Group reaffirmed an “underperform” rating on shares of Omega Healthcare Investors in a research report on Thursday, December 21st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.37.
Omega Healthcare Investors Inc (NYSE:OHI) opened at $27.18 on Friday. The company has a market cap of $5,397.68, a P/E ratio of 54.36, a PEG ratio of 3.08 and a beta of 0.46. Omega Healthcare Investors Inc has a 1 year low of $24.90 and a 1 year high of $35.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.55 and a current ratio of 3.55.
Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.18). The company had revenue of $221.21 million for the quarter, compared to analysts’ expectations of $219.07 million. Omega Healthcare Investors had a return on equity of 2.48% and a net margin of 11.06%. research analysts anticipate that Omega Healthcare Investors Inc will post 2.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 9.71%. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Tuesday, January 30th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 528.01%.
In other Omega Healthcare Investors news, Director Bernard J. Korman acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were bought at an average cost of $26.89 per share, with a total value of $2,689,000.00. Following the completion of the acquisition, the director now directly owns 896,895 shares in the company, valued at approximately $24,117,506.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.54% of the company’s stock.
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Omega Healthcare Investors Company 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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