Pearl River Capital LLC lifted its position in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 58,716.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,703 shares of the real estate investment trust’s stock after buying an additional 24,661 shares during the period. Pearl River Capital LLC’s holdings in Omega Healthcare Investors were worth $734,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in OHI. Cohen & Steers Inc. increased its stake in Omega Healthcare Investors by 175.7% in the 1st quarter. Cohen & Steers Inc. now owns 4,212,863 shares of the real estate investment trust’s stock worth $111,809,000 after purchasing an additional 2,684,593 shares during the period. PGGM Investments purchased a new position in Omega Healthcare Investors in the 2nd quarter worth approximately $73,136,000. Russell Investments Group Ltd. increased its stake in Omega Healthcare Investors by 606.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,736,598 shares of the real estate investment trust’s stock worth $51,601,000 after purchasing an additional 1,490,641 shares during the period. State Street Corp increased its stake in shares of Omega Healthcare Investors by 10.6% during the first quarter. State Street Corp now owns 10,771,204 shares of the real estate investment trust’s stock valued at $285,868,000 after buying an additional 1,032,717 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Omega Healthcare Investors by 53.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,745,441 shares of the real estate investment trust’s stock valued at $46,324,000 after buying an additional 604,341 shares during the period. 70.14% of the stock is currently owned by institutional investors.
OHI has been the topic of several research analyst reports. Capital One Financial raised Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and set a $33.00 target price on the stock in a research note on Tuesday, May 5th. lifted their price target on Omega Healthcare Investors to $26.54 and gave the company a “sell” rating in a research report on Tuesday, June 9th. JMP Securities began coverage on Omega Healthcare Investors in a research report on Monday, June 8th. They set a “market perform” rating on the stock. Bank of America lowered Omega Healthcare Investors from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $25.00 to $23.00 in a research report on Friday, April 24th. Finally, SunTrust Banks dropped their price target on Omega Healthcare Investors from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $34.59.
Omega Healthcare Investors stock traded up $0.76 during mid-day trading on Thursday, hitting $30.58. The company had a trading volume of 56,601 shares, compared to its average volume of 1,435,755. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 1.25. The stock’s 50 day moving average price is $31.18 and its two-hundred day moving average price is $32.03. Omega Healthcare Investors Inc has a 12 month low of $13.33 and a 12 month high of $45.22. The company has a market capitalization of $7.01 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 3.98 and a beta of 0.92.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.32). Omega Healthcare Investors had a return on equity of 9.22% and a net margin of 39.17%. Equities research analysts anticipate that Omega Healthcare Investors Inc will post 3.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 8.76%. The ex-dividend date was Thursday, July 30th. Omega Healthcare Investors’s dividend payout ratio is currently 87.30%.
In other news, CAO Michael Ritz sold 2,250 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $35.00, for a total value of $78,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Burke W. Whitman purchased 800 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of $31.73 per share, with a total value of $25,384.00. Following the purchase, the director now directly owns 8,988 shares of the company’s stock, valued at $285,189.24. The disclosure for this purchase can be found here. 1.16% of the stock is owned by insiders.
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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