Omega Healthcare Investors, Inc. (OHI) Director Acquires $273,800.00 in Stock
Omega Healthcare Investors, Inc. (NYSE:OHI) Director Craig R. Callen acquired 10,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was acquired at an average cost of $27.38 per share, for a total transaction of $273,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Omega Healthcare Investors, Inc. (NYSE:OHI) traded up $0.32 during mid-day trading on Friday, reaching $28.38. The company had a trading volume of 1,748,648 shares, compared to its average volume of 2,971,450. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 8.20 and a beta of 0.53.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.65 per share. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.64. This represents a $2.60 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date of this dividend is Monday, October 30th. Omega Healthcare Investors’s dividend payout ratio is 317.08%.
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OHI has been the topic of a number of recent analyst reports. ValuEngine raised Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Omega Healthcare Investors from a “sell” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, October 4th. Hilliard Lyons downgraded Omega Healthcare Investors to a “buy” rating in a research note on Wednesday. TheStreet downgraded Omega Healthcare Investors from a “b-” rating to a “c” rating in a research note on Monday. Finally, Capital One Financial Corporation reissued an “equal weight” rating on shares of Omega Healthcare Investors in a research note on Sunday, October 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $31.83.
A number of hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in Omega Healthcare Investors by 482.5% during the 1st quarter. Wellington Management Group LLP now owns 162,343 shares of the real estate investment trust’s stock worth $5,355,000 after purchasing an additional 134,472 shares in the last quarter. FMR LLC increased its holdings in Omega Healthcare Investors by 26.7% during the 1st quarter. FMR LLC now owns 1,366,518 shares of the real estate investment trust’s stock worth $45,082,000 after purchasing an additional 287,612 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Omega Healthcare Investors by 0.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 88,263 shares of the real estate investment trust’s stock worth $2,912,000 after purchasing an additional 297 shares in the last quarter. Bremer Trust National Association increased its holdings in Omega Healthcare Investors by 8.2% during the 2nd quarter. Bremer Trust National Association now owns 20,261 shares of the real estate investment trust’s stock worth $669,000 after purchasing an additional 1,537 shares in the last quarter. Finally, Charter Trust Co. bought a new stake in Omega Healthcare Investors during the 2nd quarter worth approximately $231,000. 72.87% of the stock is currently owned by institutional investors and hedge funds.
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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