Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Omega Healthcare Investors Inc (NYSE:OHI) by 19.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 295,360 shares of the real estate investment trust’s stock after acquiring an additional 48,090 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Omega Healthcare Investors were worth $12,343,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Omega Healthcare Investors by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 31,995,715 shares of the real estate investment trust’s stock worth $1,175,842,000 after buying an additional 1,686,492 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Omega Healthcare Investors by 2.5% during the 2nd quarter. BlackRock Inc. now owns 24,907,576 shares of the real estate investment trust’s stock worth $915,351,000 after buying an additional 600,319 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Omega Healthcare Investors by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,048,815 shares of the real estate investment trust’s stock worth $185,543,000 after buying an additional 98,805 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Omega Healthcare Investors by 19.0% during the 2nd quarter. Invesco Ltd. now owns 3,204,955 shares of the real estate investment trust’s stock worth $117,781,000 after buying an additional 512,093 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Omega Healthcare Investors by 225.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,751,329 shares of the real estate investment trust’s stock worth $101,111,000 after buying an additional 1,904,949 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.
A number of research firms have issued reports on OHI. Berenberg Bank began coverage on Omega Healthcare Investors in a report on Thursday, September 12th. They set a “buy” rating and a $47.00 price target on the stock. Bank of America restated a “buy” rating and set a $44.50 price target on shares of Omega Healthcare Investors in a report on Monday, October 14th. Wells Fargo & Co increased their price target on Omega Healthcare Investors from $36.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Raymond James lowered Omega Healthcare Investors from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 21st. Finally, Zacks Investment Research lowered Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.98.
In related news, CFO Robert O. Stephenson sold 10,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $39.00, for a total value of $390,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Daniel J. Booth sold 20,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $40.24, for a total value of $804,800.00. Following the completion of the sale, the chief operating officer now directly owns 178,241 shares of the company’s stock, valued at $7,172,417.84. The disclosure for this sale can be found here. Insiders have sold 45,500 shares of company stock worth $1,822,300 over the last ninety days. 1.16% of the stock is owned by insiders.
Shares of NYSE:OHI remained flat at $$41.07 during trading on Monday. The stock had a trading volume of 1,716,859 shares, compared to its average volume of 1,675,909. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.78 and a current ratio of 2.78. Omega Healthcare Investors Inc has a one year low of $33.39 and a one year high of $45.01. The stock has a fifty day moving average price of $42.82 and a two-hundred day moving average price of $38.90. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 5.76 and a beta of 0.33.
Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.10). Omega Healthcare Investors had a return on equity of 8.87% and a net margin of 38.12%. The firm had revenue of $199.00 million for the quarter, compared to analyst estimates of $194.26 million. During the same period in the previous year, the company earned $0.77 earnings per share. Omega Healthcare Investors’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Omega Healthcare Investors Inc will post 2.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.53%. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.66. The ex-dividend date is Wednesday, October 30th. Omega Healthcare Investors’s dividend payout ratio is presently 88.16%.
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.
See Also: P/E Growth (PEG)
Want to see what other hedge funds are holding OHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Healthcare Investors Inc (NYSE:OHI).
Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.