Loudon Investment Management LLC reduced its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,062 shares of the real estate investment trust’s stock after selling 60 shares during the period. Loudon Investment Management LLC’s holdings in Omega Healthcare Investors were worth $828,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in OHI. Advisors Asset Management Inc. raised its stake 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 valued at $2,453,000 after buying an additional 9,715 shares in the last quarter. Capstone Asset Management Co. raised its stake 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 valued at $610,000 after buying an additional 930 shares in the last quarter. Macquarie Group Ltd. raised its stake 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 valued at $1,707,000 after buying an additional 1,150 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Omega Healthcare Investors by 33.8% in the first quarter. Bank of Montreal Can now owns 119,848 shares of the real estate investment trust’s stock valued at $3,954,000 after buying an additional 30,298 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Omega Healthcare Investors by 17.6% in the first quarter. Asset Management One Co. Ltd. now owns 523,679 shares of the real estate investment trust’s stock valued at $17,276,000 after buying an additional 78,189 shares in the last quarter. 74.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) opened at 30.97 on Friday. The stock has a 50 day moving average of $32.12 and a 200 day moving average of $32.51. Omega Healthcare Investors, Inc. has a 52-week low of $28.11 and a 52-week high of $38.09. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 16.34 and a beta of 0.50.
Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by $0.16. The company had revenue of $194 million for the quarter, compared to analysts’ expectations of $194.59 million. Omega Healthcare Investors had a net margin of 40.20% and a return on equity of 8.88%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. On average, equities research analysts expect that Omega Healthcare Investors, Inc. will post $1.77 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date was Friday, July 28th. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.63. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 135.45%.
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Several analysts have commented on OHI shares. BidaskClub raised shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Thursday, June 8th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Omega Healthcare Investors in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.38.
In related news, Director Craig R. Callen purchased 15,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were purchased at an average price of $31.40 per share, with a total value of $471,000.00. Following the acquisition, the director now directly owns 18,000 shares in the company, valued at approximately $565,200. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robert O. Stephenson sold 23,000 shares of the firm’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 sale, the chief financial officer now directly owns 68,978 shares in the company, valued at approximately $2,385,259.24. The disclosure for this sale can be found here. Company insiders own 4.54% of the company’s stock.
About Omega Healthcare Investors
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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