Huntington National Bank continued to hold its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,064 shares of the real estate investment trust’s stock at the end of the second quarter. Huntington National Bank’s holdings in Omega Healthcare Investors were worth $167,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of OHI. Advisors Asset Management Inc. raised its position in shares of Omega Healthcare Investors by 15.0% in the first quarter. Advisors Asset Management Inc. now owns 74,345 shares of the real estate investment trust’s stock worth $2,453,000 after buying an additional 9,715 shares during the last quarter. Howe & Rusling Inc. raised its position in shares of Omega Healthcare Investors by 19.5% in the first quarter. Howe & Rusling Inc. now owns 232,679 shares of the real estate investment trust’s stock worth $7,676,000 after buying an additional 37,905 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Omega Healthcare Investors by 5.3% in the first quarter. Capstone Asset Management Co. now owns 18,503 shares of the real estate investment trust’s stock worth $610,000 after buying an additional 930 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Omega Healthcare Investors by 2.2% in the fourth quarter. Macquarie Group Ltd. now owns 54,630 shares of the real estate investment trust’s stock worth $1,707,000 after buying an additional 1,150 shares during the last quarter. Finally, Gradient Investments LLC increased its stake in Omega Healthcare Investors by 15.3% in the first quarter. Gradient Investments LLC now owns 188,365 shares of the real estate investment trust’s stock valued at $6,214,000 after buying an additional 24,972 shares during the period. Institutional investors and hedge funds own 74.57% of the company’s stock.
Shares of Omega Healthcare Investors, Inc. (NYSE OHI) traded down 2.313% during midday trading on Friday, hitting $31.045. 1,350,350 shares of the stock were exchanged. The firm has a market cap of $6.12 billion, a PE ratio of 16.383 and a beta of 0.50. The firm has a 50-day moving average price of $32.17 and a 200 day moving average price of $32.51. Omega Healthcare Investors, Inc. has a 12-month low of $28.11 and a 12-month high of $38.09.
Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data 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 return on equity of 8.88% and a net margin of 40.20%. The business had revenue of $194 million during the quarter, compared to analysts’ expectations of $194.59 million. During the same quarter in the prior year, the firm earned $0.87 earnings per share. Omega Healthcare Investors’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts predict that Omega Healthcare Investors, Inc. will post $1.77 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were given a $0.64 dividend. The ex-dividend date of this dividend was Friday, July 28th. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.63. This represents a $2.56 annualized dividend and a dividend yield of 8.06%. Omega Healthcare Investors’s payout ratio is currently 135.45%.
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Several analysts have recently commented on OHI shares. Zacks Investment Research downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. BidaskClub downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $33.00 price target on shares of Omega Healthcare Investors in a report on Friday, May 12th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $34.38.
In other Omega Healthcare Investors news, Director Craig R. Callen acquired 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were acquired at an average cost of $31.40 per share, for a total transaction of $471,000.00. Following the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at $565,200. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert O. Stephenson sold 23,000 shares of the business’s stock in a transaction dated 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 directly owns 68,978 shares of the company’s stock, valued at approximately $2,385,259.24. The disclosure for this sale can be found here. 4.54% of the stock is owned by 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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