Pzena Investment Management LLC reduced its holdings in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,915 shares of the real estate investment trust’s stock after selling 320 shares during the quarter. Pzena Investment Management LLC’s holdings in Omega Healthcare Investors were worth $842,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of Omega Healthcare Investors by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 2,312,184 shares of the real estate investment trust’s stock valued at $81,791,000 after purchasing an additional 171,333 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Omega Healthcare Investors during the first quarter worth about $232,000. Raymond James Trust N.A. acquired a new position in Omega Healthcare Investors during the first quarter worth about $218,000. Spirit of America Management Corp NY acquired a new position in Omega Healthcare Investors during the first quarter worth about $38,000. Finally, Nisa Investment Advisors LLC raised its position in Omega Healthcare Investors by 23.9% during the first quarter. Nisa Investment Advisors LLC now owns 89,980 shares of the real estate investment trust’s stock worth $3,433,000 after acquiring an additional 17,380 shares during the last quarter. Institutional investors and hedge funds own 69.26% of the company’s stock.
OHI traded up $0.92 during midday trading on Friday, reaching $39.22. 2,105,500 shares of the company’s stock were exchanged, compared to its average volume of 1,458,899. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.78 and a quick ratio of 2.86. The stock has a market capitalization of $8.27 billion, a PE ratio of 12.90, a P/E/G ratio of 5.02 and a beta of 0.42. The business’s 50-day moving average price is $37.22 and its 200 day moving average price is $36.82. Omega Healthcare Investors Inc has a 1-year low of $31.69 and a 1-year high of $40.30.
Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.39). The business had revenue of $191.81 million for the quarter, compared to analyst estimates of $190.46 million. Omega Healthcare Investors had a return on equity of 6.79% and a net margin of 29.38%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. As a group, analysts expect that Omega Healthcare Investors Inc will post 2.98 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date was Tuesday, July 30th. Omega Healthcare Investors’s dividend payout ratio is presently 86.84%.
A number of equities analysts have issued reports on OHI shares. Zacks Investment Research upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Wednesday, July 31st. Raymond James upgraded shares of Omega Healthcare Investors from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $40.00 to $42.00 in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.77.
In other news, CFO Robert O. Stephenson sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $38.00, for a total value of $380,000.00. Following the completion of the transaction, the chief financial officer now owns 223,326 shares of the company’s stock, valued at $8,486,388. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO C Taylor Pickett sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $38.00, for a total transaction of $1,140,000.00. Following the completion of the transaction, the chief executive officer now directly owns 269,133 shares of the company’s stock, valued at approximately $10,227,054. The disclosure for this sale can be found here. In the last three months, insiders sold 75,500 shares of company stock valued at $2,869,000. Company insiders own 1.16% of the company’s stock.
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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