New York State Teachers Retirement System Buys 386 Shares of Omega Healthcare Investors Inc (NYSE:OHI)

New York State Teachers Retirement System lifted its stake in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 0.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 276,786 shares of the real estate investment trust’s stock after acquiring an additional 386 shares during the period. New York State Teachers Retirement System owned 0.13% of Omega Healthcare Investors worth $10,559,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in OHI. Harvest Group Wealth Management LLC bought a new stake in shares of Omega Healthcare Investors in the 1st quarter worth $114,000. State Treasurer State of Michigan grew its stake in shares of Omega Healthcare Investors by 1.8% in the 1st quarter. State Treasurer State of Michigan now owns 72,800 shares of the real estate investment trust’s stock worth $2,777,000 after acquiring an additional 1,300 shares in the last quarter. Cetera Advisors LLC grew its stake in shares of Omega Healthcare Investors by 13.0% in the 1st quarter. Cetera Advisors LLC now owns 9,802 shares of the real estate investment trust’s stock worth $372,000 after acquiring an additional 1,131 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in shares of Omega Healthcare Investors by 72.1% in the 1st quarter. First Allied Advisory Services Inc. now owns 22,042 shares of the real estate investment trust’s stock worth $842,000 after acquiring an additional 9,231 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in shares of Omega Healthcare Investors by 6.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 14,743 shares of the real estate investment trust’s stock worth $562,000 after acquiring an additional 869 shares in the last quarter. Institutional investors own 69.31% of the company’s stock.

Several research firms recently weighed in on OHI. Zacks Investment Research upgraded shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. ValuEngine lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Omega Healthcare Investors has an average rating of “Hold” and a consensus target price of $37.05.

In other news, CEO C Taylor Pickett sold 22,788 shares of Omega Healthcare Investors stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $38.04, for a total value of $866,855.52. Following the completion of the transaction, the chief executive officer now owns 329,133 shares of the company’s stock, valued at approximately $12,520,219.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Robert O. Stephenson sold 10,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the transaction, the chief financial officer now directly owns 233,326 shares of the company’s stock, valued at approximately $8,633,062. The disclosure for this sale can be found here. Insiders have sold 35,788 shares of company stock valued at $1,349,776 in the last three months. Insiders own 1.65% of the company’s stock.

NYSE:OHI traded up $0.15 on Friday, reaching $36.51. 877,968 shares of the company’s stock were exchanged, compared to its average volume of 1,680,368. Omega Healthcare Investors Inc has a 52 week low of $28.65 and a 52 week high of $40.30. The firm has a market capitalization of $7.56 billion, a PE ratio of 12.01, a P/E/G ratio of 4.75 and a beta of 0.42. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 1.16.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.37). The firm had revenue of $188.20 million during the quarter, compared to analysts’ expectations of $190.54 million. Omega Healthcare Investors had a return on equity of 7.02% and a net margin of 30.17%. The company’s quarterly revenue 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. Analysts anticipate that Omega Healthcare Investors Inc will post 2.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend was Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is currently 86.84%.

ILLEGAL ACTIVITY NOTICE: “New York State Teachers Retirement System Buys 386 Shares of Omega Healthcare Investors Inc (NYSE:OHI)” was posted by Sundance Herald and is owned by of Sundance Herald. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://sundanceherald.com/2019/06/14/new-york-state-teachers-retirement-system-grows-stake-in-omega-healthcare-investors-inc-ohi.html.

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.

Further Reading: Is the Dow Jones Industrial Average (DJIA) still relevant?

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

Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply