Stock Traders Buy Large Volume of Omega Healthcare Investors Call Options (OHI)

Omega Healthcare Investors Inc (NYSE:OHI) was the target of some unusual options trading on Monday. Investors acquired 9,759 call options on the company. This represents an increase of approximately 2,422% compared to the typical volume of 387 call options.

In other news, insider Michael Ritz sold 6,000 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $34.75, for a total value of $208,500.00. Following the completion of the transaction, the insider now owns 10,076 shares in the company, valued at $350,141. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.65% of the company’s stock.

A number of large investors have recently modified their holdings of OHI. Daiwa Securities Group Inc. boosted its stake in Omega Healthcare Investors by 43.9% in 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 last quarter. Scout Investments Inc. boosted its stake in Omega Healthcare Investors by 355.2% in the 2nd quarter. Scout Investments Inc. now owns 1,130,335 shares of the real estate investment trust’s stock worth $35,040,000 after buying an additional 882,039 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in Omega Healthcare Investors by 3,000.0% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 909,261 shares of the real estate investment trust’s stock worth $29,331,000 after buying an additional 879,930 shares during the last quarter. First Republic Investment Management Inc. raised its holdings in shares of Omega Healthcare Investors by 2,344.6% in the 2nd quarter. First Republic Investment Management Inc. now owns 881,585 shares of the real estate investment trust’s stock worth $27,329,000 after purchasing an additional 845,523 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Omega Healthcare Investors by 14.9% in 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 purchasing an additional 736,393 shares during the period. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:OHI traded down $0.20 during mid-day trading on Thursday, reaching $36.28. The company’s stock had a trading volume of 1,491,572 shares, compared to its average volume of 2,610,212. The company has a current ratio of 4.17, a quick ratio of 4.17 and a debt-to-equity ratio of 1.21. Omega Healthcare Investors has a twelve month low of $24.90 and a twelve month high of $36.54. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 7.07 and a beta of 0.13.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $194.40 million. During the same period in the previous year, the business posted $0.79 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. As a group, research analysts forecast that Omega Healthcare Investors will post 2.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date was Tuesday, October 30th. Omega Healthcare Investors’s payout ratio is 80.00%.

A number of analysts recently commented on OHI shares. Stifel Nicolaus increased their price objective on Omega Healthcare Investors from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, August 7th. MED started coverage on Omega Healthcare Investors in a research note on Tuesday, October 2nd. They set a “neutral” rating and a $31.00 price objective on the stock. They noted that the move was a valuation call. ValuEngine raised Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research note on Monday, August 13th. Bank of America raised Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a research note on Friday, November 16th. Finally, Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Omega Healthcare Investors in a research note on Tuesday, October 2nd. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $32.50.

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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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