SG Americas Securities LLC decreased its holdings in Omega Healthcare Investors Inc (NYSE:OHI) by 59.9% during the third quarter, HoldingsChannel.com reports. The firm owned 38,489 shares of the real estate investment trust’s stock after selling 57,568 shares during the quarter. SG Americas Securities LLC’s holdings in Omega Healthcare Investors were worth $1,261,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Omega Healthcare Investors by 1.5% in the second quarter. BlackRock Inc. now owns 21,871,159 shares of the real estate investment trust’s stock worth $678,005,000 after purchasing an additional 328,169 shares during the period. Bank of New York Mellon Corp boosted its position in Omega Healthcare Investors by 14.9% during the second quarter. Bank of New York Mellon Corp now owns 5,689,457 shares of the real estate investment trust’s stock valued at $176,373,000 after purchasing an additional 736,393 shares in the last quarter. LSV Asset Management boosted its position in Omega Healthcare Investors by 0.7% during the second quarter. LSV Asset Management now owns 4,899,233 shares of the real estate investment trust’s stock valued at $151,876,000 after purchasing an additional 32,500 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Omega Healthcare Investors by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,104,095 shares of the real estate investment trust’s stock valued at $96,229,000 after purchasing an additional 69,623 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Omega Healthcare Investors by 4.4% during the second quarter. Northern Trust Corp now owns 2,976,392 shares of the real estate investment trust’s stock valued at $92,268,000 after purchasing an additional 125,832 shares in the last quarter. Institutional investors and hedge funds own 73.42% of the company’s stock.
Shares of NYSE OHI opened at $37.30 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.17 and a quick ratio of 4.17. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 7.39 and a beta of 0.17. Omega Healthcare Investors Inc has a fifty-two week low of $24.90 and a fifty-two week high of $38.34.
Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.46). The business had revenue of $192.30 million during the quarter, compared to analyst estimates of $194.40 million. Omega Healthcare Investors had a return on equity of 7.32% and a net margin of 31.91%. Omega Healthcare Investors’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 EPS. On average, equities analysts anticipate that Omega Healthcare Investors Inc will post 2.97 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 7.08%. The ex-dividend date of this dividend was Tuesday, October 30th. Omega Healthcare Investors’s dividend payout ratio is presently 80.00%.
A number of brokerages recently weighed in on OHI. Stifel Nicolaus raised their price objective on Omega Healthcare Investors to $34.00 in a research report on Sunday, December 2nd. ValuEngine raised Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. TheStreet raised Omega Healthcare Investors from a “c” rating to a “b-” rating in a research report on Thursday, November 8th. Bank of America reissued a “hold” rating on shares of Omega Healthcare Investors in a report on Monday, November 19th. Finally, Zacks Investment Research downgraded Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Omega Healthcare Investors has an average rating of “Hold” and an average price target of $32.50.
In other Omega Healthcare Investors news, insider Michael Ritz sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $35.50, for a total value of $71,000.00. Following the completion of the sale, the insider now owns 8,076 shares of the company’s stock, valued at $286,698. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 11,000 shares of company stock valued at $390,500. Corporate insiders own 1.65% of the company’s stock.
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Omega Healthcare Investors Company 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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