1,310,279 Shares in Omega Healthcare Investors Inc (NYSE:OHI) Bought by Long Pond Capital LP

Long Pond Capital LP bought a new position in Omega Healthcare Investors Inc (NYSE:OHI) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 1,310,279 shares of the real estate investment trust’s stock, valued at approximately $48,153,000. Omega Healthcare Investors accounts for about 1.4% of Long Pond Capital LP’s investment portfolio, making the stock its 18th biggest holding. Long Pond Capital LP owned approximately 0.63% of Omega Healthcare Investors at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Piedmont Investment Advisors Inc. grew its position in shares of Omega Healthcare Investors by 4.6% during the first quarter. Piedmont Investment Advisors Inc. now owns 6,833 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 299 shares in the last quarter. Raymond James Trust N.A. grew its position in shares of Omega Healthcare Investors by 5.7% during the second quarter. Raymond James Trust N.A. now owns 6,044 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 327 shares in the last quarter. Ausdal Financial Partners Inc. grew its position in shares of Omega Healthcare Investors by 5.8% during the second quarter. Ausdal Financial Partners Inc. now owns 6,124 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 337 shares in the last quarter. 6 Meridian grew its position in shares of Omega Healthcare Investors by 2.7% during the second quarter. 6 Meridian now owns 12,881 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 343 shares in the last quarter. Finally, MBM Wealth Consultants LLC grew its position in shares of Omega Healthcare Investors by 2.4% during the second quarter. MBM Wealth Consultants LLC now owns 15,155 shares of the real estate investment trust’s stock valued at $557,000 after purchasing an additional 357 shares in the last quarter. 69.94% of the stock is currently owned by institutional investors.

OHI opened at $41.16 on Friday. The firm has a market cap of $8.77 billion, a P/E ratio of 13.54, a P/E/G ratio of 5.33 and a beta of 0.37. Omega Healthcare Investors Inc has a 12 month low of $31.69 and a 12 month high of $41.67. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 1.17. The stock has a 50-day moving average of $38.95 and a 200 day moving average of $37.18.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.39). The company had revenue of $191.81 million during the quarter, compared to analysts’ expectations of $190.46 million. Omega Healthcare Investors had a return on equity of 6.79% and a net margin of 29.38%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 EPS. On average, research analysts forecast that Omega Healthcare Investors Inc will post 2.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $2.64 annualized dividend and a yield of 6.41%. Omega Healthcare Investors’s dividend payout ratio is currently 86.84%.

OHI has been the subject of a number of research analyst reports. Wells Fargo & Co raised their price objective on Omega Healthcare Investors from $36.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Berenberg Bank initiated coverage on Omega Healthcare Investors in a research report on Thursday. They set a “buy” rating and a $47.00 price objective for the company. Raymond James raised their price objective on Omega Healthcare Investors from $42.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Thursday. Finally, Zacks Investment Research lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $40.04.

In related news, CFO Robert O. Stephenson sold 10,000 shares of Omega Healthcare Investors stock in a transaction dated Thursday, June 20th. The stock was 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 in the company, valued at $8,486,388. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Daniel J. Booth sold 20,000 shares of Omega Healthcare Investors stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $40.24, for a total value of $804,800.00. Following the completion of the transaction, the chief operating officer now owns 178,241 shares of the company’s stock, valued at approximately $7,172,417.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,500 shares of company stock valued at $4,586,300. 1.16% of the stock is currently owned by company insiders.

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.

Read More: Understanding the Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

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