Nisa Investment Advisors LLC raised its position in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 24.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 130,098 shares of the real estate investment trust’s stock after buying an additional 25,302 shares during the period. Nisa Investment Advisors LLC’s holdings in Omega Healthcare Investors were worth $3,868,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of Omega Healthcare Investors by 28.4% in the second quarter. Parallel Advisors LLC now owns 1,819 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 402 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in Omega Healthcare Investors by 6.2% in the first quarter. Capital Investment Advisory Services LLC now owns 7,746 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 454 shares during the period. Utah Retirement Systems grew its position in shares of Omega Healthcare Investors by 1.0% during the 1st quarter. Utah Retirement Systems now owns 52,926 shares of the real estate investment trust’s stock worth $1,404,000 after buying an additional 500 shares during the period. Capital Square LLC grew its position in shares of Omega Healthcare Investors by 1.7% during the 2nd quarter. Capital Square LLC now owns 31,962 shares of the real estate investment trust’s stock worth $950,000 after buying an additional 524 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of Omega Healthcare Investors by 46.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,671 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 531 shares in the last quarter. 70.14% of the stock is owned by institutional investors.
NYSE:OHI opened at $32.38 on Friday. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 6.11 and a beta of 0.90. Omega Healthcare Investors Inc has a twelve month low of $13.33 and a twelve month high of $45.22. The stock’s 50 day moving average price is $30.36 and its two-hundred day moving average price is $33.07. The company has a quick ratio of 3.93, a current ratio of 3.93 and a debt-to-equity ratio of 1.31.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). The company had revenue of $253.00 million for the quarter, compared to analyst estimates of $217.97 million. Omega Healthcare Investors had a return on equity of 8.66% and a net margin of 37.71%. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. As a group, analysts anticipate that Omega Healthcare Investors Inc will post 3.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.28%. The ex-dividend date is Thursday, July 30th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 87.30%.
Several equities analysts have recently weighed in on OHI shares. Capital One Financial upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and set a $33.00 price objective on the stock in a report on Tuesday, May 5th. Bank of America cut Omega Healthcare Investors from a “neutral” rating to an “underperform” rating and cut their target price for the company from $25.00 to $23.00 in a research note on Friday, April 24th. Wells Fargo & Co boosted their target price on Omega Healthcare Investors from $28.00 to $33.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 17th. Zacks Investment Research upgraded Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Thursday, July 23rd. Finally, JMP Securities assumed coverage on Omega Healthcare Investors in a research note on Monday, June 8th. They issued a “market perform” rating on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $34.50.
In related news, CAO Michael Ritz sold 2,250 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $35.00, for a total transaction of $78,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Burke W. Whitman bought 800 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average cost of $31.73 per share, for a total transaction of $25,384.00. Following the completion of the acquisition, the director now directly owns 8,988 shares in the company, valued at approximately $285,189.24. The disclosure for this purchase can be found here. 1.16% of the stock is owned by insiders.
Omega Healthcare Investors 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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