Stratos Wealth Partners LTD. increased its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 132.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,150 shares of the real estate investment trust’s stock after buying an additional 10,353 shares during the period. Stratos Wealth Partners LTD.’s holdings in Omega Healthcare Investors were worth $599,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Tompkins Financial Corp bought a new position in shares of Omega Healthcare Investors during the first quarter worth approximately $165,000. South Texas Money Management Ltd. acquired a new position in Omega Healthcare Investors during the first quarter worth about $207,000. Lodestar Investment Counsel LLC IL acquired a new position in Omega Healthcare Investors during the first quarter worth about $209,000. Wesbanco Bank Inc. acquired a new position in Omega Healthcare Investors during the first quarter worth about $211,000. Finally, Arete Wealth Advisors LLC acquired a new position in Omega Healthcare Investors during the first quarter worth about $216,000. Institutional investors and hedge funds own 74.57% of the company’s stock.
Omega Healthcare Investors, Inc. (OHI) traded up 3.16% on Wednesday, hitting $31.65. 3,608,197 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $32.33 and its 200-day moving average price is $32.52. Omega Healthcare Investors, Inc. has a 12-month low of $28.11 and a 12-month high of $38.09. The company has a market cap of $6.24 billion, a PE ratio of 16.70 and a beta of 0.50.
Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.49 by $0.16. Omega Healthcare Investors had a net margin of 40.20% and a return on equity of 8.88%. The business had revenue of $194 million during the quarter, compared to analysts’ expectations of $194.59 million. During the same quarter last year, the company earned $0.87 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts forecast that Omega Healthcare Investors, Inc. will post $1.77 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were given a dividend of $0.64 per share. The ex-dividend date was Friday, July 28th. This represents a $2.56 dividend on an annualized basis and a yield of 8.09%. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.63. Omega Healthcare Investors’s dividend payout ratio is presently 135.45%.
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OHI has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. BidaskClub downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $33.00 price objective on shares of Omega Healthcare Investors in a research note on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.38.
In other Omega Healthcare Investors news, CFO Robert O. Stephenson sold 23,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $34.58, for a total transaction of $795,340.00. Following the completion of the transaction, the chief financial officer now owns 68,978 shares in the company, valued at approximately $2,385,259.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Daniel J. Booth sold 20,000 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $34.65, for a total transaction of $693,000.00. Following the transaction, the chief operating officer now owns 90,335 shares of the company’s stock, valued at approximately $3,130,107.75. The disclosure for this sale can be found here. 4.54% of the stock is currently owned by corporate insiders.
Omega Healthcare Investors Company Profile
Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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