Chicago Partners Investment Group LLC raised its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 656.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,015 shares of the real estate investment trust’s stock after buying an additional 5,220 shares during the period. Chicago Partners Investment Group LLC’s holdings in Omega Healthcare Investors were worth $193,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tompkins Financial Corp purchased a new stake in Omega Healthcare Investors during the first quarter valued at $165,000. South Texas Money Management Ltd. purchased a new stake in Omega Healthcare Investors during the first quarter valued at $207,000. Lodestar Investment Counsel LLC IL purchased a new stake in Omega Healthcare Investors during the first quarter valued at $209,000. Wesbanco Bank Inc. purchased a new stake in Omega Healthcare Investors during the first quarter valued at $211,000. Finally, Arete Wealth Advisors LLC purchased a new stake in Omega Healthcare Investors during the first quarter valued at $216,000. Hedge funds and other institutional investors own 74.57% of the company’s stock.
Shares of Omega Healthcare Investors, Inc. (NYSE OHI) traded down 2.55% during mid-day trading on Friday, reaching $30.97. The company’s stock had a trading volume of 2,653,015 shares. Omega Healthcare Investors, Inc. has a 52-week low of $28.11 and a 52-week high of $38.09. The firm’s 50 day moving average is $32.12 and its 200-day moving average is $32.51. The company has a market capitalization of $6.11 billion, a PE ratio of 16.34 and a beta of 0.50.
Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.16. Omega Healthcare Investors had a net margin of 40.20% and a return on equity of 8.88%. The firm had revenue of $194 million during the quarter, compared to analysts’ expectations of $194.59 million. During the same quarter last year, the firm earned $0.87 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts forecast that Omega Healthcare Investors, Inc. will post $1.77 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were given a $0.64 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 8.27%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.63. Omega Healthcare Investors’s payout ratio is currently 135.45%.
Several research firms have weighed in on OHI. Jefferies Group LLC reissued a “hold” rating and issued a $33.00 target price on shares of Omega Healthcare Investors in a report on Friday, May 12th. BidaskClub lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $34.38.
In other Omega Healthcare Investors news, CFO Robert O. Stephenson sold 23,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $34.58, for a total value of $795,340.00. Following the completion of the sale, the chief financial officer now owns 68,978 shares of the company’s stock, valued at $2,385,259.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Craig R. Callen purchased 15,000 shares of Omega Healthcare Investors stock in a transaction on Friday, June 2nd. The stock was bought at an average cost of $31.40 per share, with a total value of $471,000.00. Following the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at $565,200. The disclosure for this purchase can be found here. 4.54% of the stock is owned by insiders.
Omega Healthcare Investors Company Profile
Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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