Omega Healthcare Investors Inc (OHI) Shares Sold by IFP Advisors Inc

IFP Advisors Inc reduced its position in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 56.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,859 shares of the real estate investment trust’s stock after selling 18,035 shares during the period. IFP Advisors Inc’s holdings in Omega Healthcare Investors were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Omega Healthcare Investors by 8.2% in the 1st quarter. Principal Financial Group Inc. now owns 7,168,488 shares of the real estate investment trust’s stock valued at $193,837,000 after purchasing an additional 541,017 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Omega Healthcare Investors by 17.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 90,731 shares of the real estate investment trust’s stock valued at $2,811,000 after purchasing an additional 13,640 shares in the last quarter. Mckinley Capital Management LLC Delaware boosted its stake in shares of Omega Healthcare Investors by 78.7% in the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 47,413 shares of the real estate investment trust’s stock valued at $1,469,000 after purchasing an additional 20,886 shares in the last quarter. Bank of Montreal Can raised its holdings in Omega Healthcare Investors by 6.9% in the 2nd quarter. Bank of Montreal Can now owns 40,184 shares of the real estate investment trust’s stock valued at $1,247,000 after buying an additional 2,595 shares during the last quarter. Finally, Scout Investments Inc. raised its holdings in Omega Healthcare Investors by 355.2% in the 2nd quarter. Scout Investments Inc. now owns 1,130,335 shares of the real estate investment trust’s stock valued at $35,040,000 after buying an additional 882,039 shares during the last quarter. Institutional investors and hedge funds own 72.54% of the company’s stock.

Shares of NYSE OHI opened at $32.74 on Monday. The company has a market capitalization of $6.56 billion, a P/E ratio of 9.92, a price-to-earnings-growth ratio of 5.51 and a beta of 0.13. Omega Healthcare Investors Inc has a 1 year low of $24.90 and a 1 year high of $33.77. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.03 and a quick ratio of 4.03.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Friday, August 3rd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The business had revenue of $192.85 million during the quarter, compared to analyst estimates of $200.30 million. Omega Healthcare Investors had a net margin of 10.61% and a return on equity of 2.49%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $0.87 EPS. Analysts forecast that Omega Healthcare Investors Inc will post 2.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be issued a $0.66 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $2.64 dividend on an annualized basis and a yield of 8.06%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 80.00%.

A number of research analysts recently issued reports on OHI shares. Stifel Nicolaus raised their price objective on shares of Omega Healthcare Investors from $27.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, August 7th. Zacks Investment Research lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. MED started coverage on shares of Omega Healthcare Investors in a report on Tuesday, October 2nd. They issued a “neutral” rating and a $31.00 price objective for the company. They noted that the move was a valuation call. ValuEngine upgraded shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a report on Monday, August 13th. Finally, Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of Omega Healthcare Investors in a report on Tuesday, October 2nd. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $30.00.

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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