Mckinley Capital Management LLC Delaware cut its holdings in Omega Healthcare Investors Inc (NYSE:OHI) by 1.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 58,109 shares of the real estate investment trust’s stock after selling 1,124 shares during the period. Mckinley Capital Management LLC Delaware’s holdings in Omega Healthcare Investors were worth $2,217,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. JOYN Advisors Inc. raised its position in shares of Omega Healthcare Investors by 58.4% during the 4th quarter. JOYN Advisors Inc. now owns 1,033 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 381 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new stake in shares of Omega Healthcare Investors in the 1st quarter worth approximately $38,000. Spirit of America Management Corp NY bought a new stake in shares of Omega Healthcare Investors in the 1st quarter worth approximately $38,000. Reilly Financial Advisors LLC raised its holdings in shares of Omega Healthcare Investors by 68.1% in the 1st quarter. Reilly Financial Advisors LLC now owns 992 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 402 shares in the last quarter. Finally, Washington Trust Bank raised its holdings in shares of Omega Healthcare Investors by 684.9% in the 1st quarter. Washington Trust Bank now owns 1,146 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,000 shares in the last quarter. 69.32% of the stock is owned by hedge funds and other institutional investors.
OHI traded down $0.63 on Wednesday, reaching $35.19. 1,325,519 shares of the company traded hands, compared to its average volume of 1,656,689. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.86 and a current ratio of 2.86. The company has a market capitalization of $7.53 billion, a PE ratio of 11.58, a PEG ratio of 4.78 and a beta of 0.46. Omega Healthcare Investors Inc has a 52-week low of $28.65 and a 52-week high of $40.30.
Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.37). Omega Healthcare Investors had a return on equity of 7.02% and a net margin of 30.17%. The business had revenue of $188.20 million during the quarter, compared to the consensus estimate of $190.54 million. During the same period in the prior year, the firm earned $0.78 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. On average, equities analysts forecast that Omega Healthcare Investors Inc will post 2.99 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 7.50%. The ex-dividend date of this dividend was Monday, April 29th. Omega Healthcare Investors’s payout ratio is 86.84%.
In other news, Director Ben W. Perks sold 3,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $37.64, for a total value of $112,920.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Daniel J. Booth sold 40,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $36.51, for a total transaction of $1,460,400.00. Following the completion of the transaction, the chief operating officer now owns 187,206 shares of the company’s stock, valued at approximately $6,834,891.06. The disclosure for this sale can be found here. Insiders sold 75,788 shares of company stock valued at $2,810,176 over the last 90 days. 1.65% of the stock is owned by corporate insiders.
A number of research firms recently commented on OHI. Scotiabank began coverage on shares of Omega Healthcare Investors in a report on Thursday, February 7th. They issued a “sector perform” rating and a $39.37 target price on the stock. Stifel Nicolaus downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $39.00 target price on the stock. in a report on Thursday, February 7th. Zacks Investment Research downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, ValuEngine downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Omega Healthcare Investors has a consensus rating of “Hold” and a consensus target price of $37.05.
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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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