Virginia Retirement Systems ET AL decreased its position in Omega Healthcare Investors Inc (NYSE:OHI) by 61.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 71,511 shares of the real estate investment trust’s stock after selling 112,640 shares during the period. Virginia Retirement Systems ET AL’s holdings in Omega Healthcare Investors were worth $2,728,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in OHI. Oregon Public Employees Retirement Fund boosted its stake in Omega Healthcare Investors by 3,415.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,757,904 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 2,679,443 shares during the period. Two Sigma Investments LP boosted its stake in Omega Healthcare Investors by 61,976.7% in the 4th quarter. Two Sigma Investments LP now owns 1,339,615 shares of the real estate investment trust’s stock worth $47,087,000 after purchasing an additional 1,337,457 shares during the period. Norges Bank acquired a new position in Omega Healthcare Investors in the 4th quarter worth $46,751,000. BlackRock Inc. boosted its stake in Omega Healthcare Investors by 5.4% in the 4th quarter. BlackRock Inc. now owns 23,677,458 shares of the real estate investment trust’s stock worth $832,264,000 after purchasing an additional 1,205,432 shares during the period. Finally, APG Asset Management N.V. acquired a new position in Omega Healthcare Investors in the 4th quarter worth $24,867,000. 66.68% of the stock is owned by institutional investors.
A number of equities analysts recently weighed in on OHI shares. Zacks Investment Research raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Stifel Nicolaus cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $39.00 price target on the stock. in a research report on Thursday, February 7th. ValuEngine cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Scotiabank initiated coverage on shares of Omega Healthcare Investors in a research report on Thursday, February 7th. They set a “sector perform” rating and a $39.37 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.05.
NYSE:OHI traded up $0.09 on Wednesday, hitting $36.75. 775,831 shares of the company’s stock were exchanged, compared to its average volume of 1,737,086. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.86 and a quick ratio of 2.86. Omega Healthcare Investors Inc has a 52 week low of $28.65 and a 52 week high of $40.30. The stock has a market capitalization of $7.59 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 4.92 and a beta of 0.46.
Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.37). The firm had revenue of $188.20 million during the quarter, compared to the consensus estimate of $190.54 million. Omega Healthcare Investors had a net margin of 30.17% and a return on equity of 7.02%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 earnings per share. On average, analysts anticipate that Omega Healthcare Investors Inc will post 2.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a $0.66 dividend. The ex-dividend date was Monday, April 29th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 7.18%. Omega Healthcare Investors’s payout ratio is 86.84%.
In other news, COO Daniel J. Booth sold 40,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $36.51, for a total value of $1,460,400.00. Following the sale, the chief operating officer now directly owns 187,206 shares of the company’s stock, valued at approximately $6,834,891.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert O. Stephenson sold 10,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $37.00, for a total transaction of $370,000.00. Following the completion of the sale, the chief financial officer now directly owns 233,326 shares in the company, valued at $8,633,062. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,788 shares of company stock worth $2,810,176. 1.65% of the stock is owned by insiders.
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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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