Virginia Retirement Systems ET AL boosted its stake in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 122.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 202,551 shares of the real estate investment trust’s stock after buying an additional 111,300 shares during the quarter. Virginia Retirement Systems ET AL owned approximately 0.10% of Omega Healthcare Investors worth $6,638,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Omega Healthcare Investors by 1.5% during the 2nd quarter. BlackRock Inc. now owns 21,871,159 shares of the real estate investment trust’s stock worth $678,005,000 after buying an additional 328,169 shares during the period. Principal Financial Group Inc. lifted its holdings in Omega Healthcare Investors by 8.2% during the 1st quarter. Principal Financial Group Inc. now owns 7,168,488 shares of the real estate investment trust’s stock worth $193,837,000 after buying an additional 541,017 shares during the period. Bank of New York Mellon Corp lifted its holdings in Omega Healthcare Investors by 14.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,689,457 shares of the real estate investment trust’s stock worth $176,373,000 after buying an additional 736,393 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Omega Healthcare Investors by 43.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,032,761 shares of the real estate investment trust’s stock worth $156,015,000 after buying an additional 1,536,523 shares during the period. Finally, LSV Asset Management raised its position in shares of Omega Healthcare Investors by 0.7% in the 2nd quarter. LSV Asset Management now owns 4,899,233 shares of the real estate investment trust’s stock worth $151,876,000 after acquiring an additional 32,500 shares in the last quarter. 72.54% of the stock is currently owned by hedge funds and other institutional investors.
OHI stock opened at $35.18 on Friday. Omega Healthcare Investors Inc has a 1-year low of $24.90 and a 1-year high of $35.38. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.17 and a quick ratio of 4.03. The stock has a market capitalization of $7.04 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 5.93 and a beta of 0.13.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.46). Omega Healthcare Investors had a return on equity of 7.32% and a net margin of 31.91%. The business had revenue of $192.30 million during the quarter, compared to the consensus estimate of $194.40 million. During the same period last year, the business posted $0.79 earnings per share. The business’s revenue was down .9% on a year-over-year basis. Analysts expect that Omega Healthcare Investors Inc will post 2.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 7.50%. The ex-dividend date is Tuesday, October 30th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 80.00%.
OHI has been the subject of several research analyst reports. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of Omega Healthcare Investors in a research report on Tuesday, October 2nd. MED initiated coverage on Omega Healthcare Investors in a research report on Tuesday, October 2nd. They issued a “neutral” rating and a $31.00 price objective for the company. They noted that the move was a valuation call. Zacks Investment Research lowered Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Stifel Nicolaus set a $34.00 price objective on Omega Healthcare Investors and gave the stock a “hold” rating in a research report on Monday, November 5th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $34.00 price objective on shares of Omega Healthcare Investors in a research report on Monday, August 6th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $31.17.
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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