Omega Healthcare Investors, Inc. $OHI Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC raised its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 8.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 327,383 shares of the real estate investment trust’s stock after acquiring an additional 25,565 shares during the period. Mutual Advisors LLC owned approximately 0.11% of Omega Healthcare Investors worth $13,321,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OHI. Norges Bank purchased a new stake in shares of Omega Healthcare Investors during the 2nd quarter worth about $121,800,000. Hudson Bay Capital Management LP purchased a new stake in Omega Healthcare Investors during the second quarter worth approximately $71,312,000. Lasalle Investment Management Securities LLC increased its position in shares of Omega Healthcare Investors by 165.5% in the second quarter. Lasalle Investment Management Securities LLC now owns 2,312,891 shares of the real estate investment trust’s stock worth $84,767,000 after acquiring an additional 1,441,692 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Omega Healthcare Investors by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,765,481 shares of the real estate investment trust’s stock valued at $1,494,055,000 after acquiring an additional 1,210,595 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Omega Healthcare Investors by 87.0% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,758,110 shares of the real estate investment trust’s stock valued at $64,435,000 after acquiring an additional 817,897 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Omega Healthcare Investors news, CIO Vikas Gupta purchased 11,500 shares of Omega Healthcare Investors stock in a transaction dated Thursday, November 6th. The shares were bought at an average cost of $42.97 per share, for a total transaction of $494,155.00. Following the transaction, the executive owned 13,773 shares in the company, valued at $591,825.81. This represents a 505.94% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Taylor Pickett purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average cost of $43.14 per share, with a total value of $862,800.00. Following the completion of the acquisition, the chief executive officer directly owned 20,000 shares in the company, valued at approximately $862,800. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on OHI. The Goldman Sachs Group began coverage on Omega Healthcare Investors in a report on Friday, January 9th. They issued a “buy” rating and a $54.00 price target for the company. Royal Bank Of Canada increased their target price on Omega Healthcare Investors from $41.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. BMO Capital Markets downgraded Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 target price on the stock. in a report on Friday, January 9th. Wells Fargo & Company cut Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $48.00 to $45.00 in a report on Thursday. Finally, Citigroup reiterated a “buy” rating and set a $50.00 price objective (up previously from $45.00) on shares of Omega Healthcare Investors in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.82.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $43.83 on Friday. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $46.36. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.95. The stock has a market cap of $12.95 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 1.40 and a beta of 0.57. The stock has a 50 day moving average of $44.58 and a 200-day moving average of $42.47.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. Omega Healthcare Investors had a net margin of 46.83% and a return on equity of 10.72%. The business had revenue of $311.59 million for the quarter, compared to analysts’ expectations of $262.48 million. During the same quarter last year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, February 9th. Omega Healthcare Investors’s dividend payout ratio is 149.72%.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.