SG Americas Securities LLC lowered its position in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 59.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,489 shares of the real estate investment trust’s stock after selling 57,568 shares during the period. SG Americas Securities LLC’s holdings in Omega Healthcare Investors were worth $1,261,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in OHI. Bank of Montreal Can boosted its holdings in Omega Healthcare Investors by 6.9% in the 2nd quarter. Bank of Montreal Can now owns 40,184 shares of the real estate investment trust’s stock valued at $1,247,000 after purchasing an additional 2,595 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Omega Healthcare Investors by 7.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 201,802 shares of the real estate investment trust’s stock valued at $6,256,000 after buying an additional 13,536 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Omega Healthcare Investors in the 2nd quarter valued at approximately $381,000. D.A. Davidson & CO. raised its position in shares of Omega Healthcare Investors by 4.4% in the 2nd quarter. D.A. Davidson & CO. now owns 55,860 shares of the real estate investment trust’s stock valued at $1,732,000 after buying an additional 2,345 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its position in Omega Healthcare Investors by 33.7% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 91,251 shares of the real estate investment trust’s stock worth $2,829,000 after purchasing an additional 23,000 shares in the last quarter. Hedge funds and other institutional investors own 73.42% of the company’s stock.
OHI stock opened at $37.30 on Friday. The company has a market cap of $7.65 billion, a P/E ratio of 12.29, a P/E/G ratio of 7.39 and a beta of 0.17. Omega Healthcare Investors Inc has a 1 year low of $24.90 and a 1 year high of $38.34. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 1.21.
Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $192.30 million for the quarter, compared to analyst estimates of $194.40 million. During the same quarter in the prior year, the company earned $0.79 earnings per share. Omega Healthcare Investors’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts expect that Omega Healthcare Investors Inc will post 2.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were issued a dividend of $0.66 per share. The ex-dividend date was Tuesday, October 30th. This represents a $2.64 annualized dividend and a yield of 7.08%. Omega Healthcare Investors’s payout ratio is 80.00%.
In other Omega Healthcare Investors news, insider Michael Ritz sold 2,000 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $35.50, for a total transaction of $71,000.00. Following the transaction, the insider now owns 8,076 shares in the company, valued at $286,698. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 11,000 shares of company stock worth $390,500. Corporate insiders own 1.65% of the company’s stock.
A number of research firms recently issued reports 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, October 31st. ValuEngine upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Stifel Nicolaus upped their price objective on shares of Omega Healthcare Investors to $34.00 in a research report on Sunday, December 2nd. Bank of America reiterated a “hold” rating on shares of Omega Healthcare Investors in a research report on Monday, November 19th. Finally, Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of Omega Healthcare Investors in a research report on Tuesday, October 2nd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $32.50.
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Omega Healthcare Investors 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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