Omega Healthcare Investors, Inc. (OHI) Short Interest Update

Omega Healthcare Investors, Inc. (NYSE:OHI) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 36,047,047 shares, a growth of 10.4% from the October 13th total of 32,654,296 shares. Based on an average daily volume of 2,934,709 shares, the short-interest ratio is currently 12.3 days. Currently, 18.5% of the company’s shares are short sold.

In other news, Director Craig R. Callen purchased 10,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average price of $27.38 per share, for a total transaction of $273,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bernard J. Korman purchased 100,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was purchased at an average price of $28.24 per share, with a total value of $2,824,000.00. Following the acquisition, the director now directly owns 903,895 shares of the company’s stock, valued at approximately $25,525,994.80. The disclosure for this purchase can be found here. 1.54% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Vident Investment Advisory LLC increased its position in shares of Omega Healthcare Investors by 69.1% during the third quarter. Vident Investment Advisory LLC now owns 10,538 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 4,305 shares in the last quarter. AMP Capital Investors Ltd increased its position in shares of Omega Healthcare Investors by 52.6% during the third quarter. AMP Capital Investors Ltd now owns 153,226 shares of the real estate investment trust’s stock worth $4,888,000 after purchasing an additional 52,800 shares in the last quarter. Lido Advisors LLC increased its position in shares of Omega Healthcare Investors by 88.3% during the third quarter. Lido Advisors LLC now owns 28,241 shares of the real estate investment trust’s stock worth $815,000 after purchasing an additional 13,241 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Omega Healthcare Investors by 5.4% during the third quarter. Private Advisor Group LLC now owns 51,435 shares of the real estate investment trust’s stock worth $1,609,000 after purchasing an additional 2,629 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Omega Healthcare Investors by 6.3% during the third quarter. Stifel Financial Corp now owns 1,858,811 shares of the real estate investment trust’s stock worth $59,269,000 after purchasing an additional 110,019 shares in the last quarter. 72.32% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors (OHI) opened at $28.34 on Wednesday. The company has a market cap of $5,630.00, a P/E ratio of 8.25, a P/E/G ratio of 2.92 and a beta of 0.53. Omega Healthcare Investors has a 12 month low of $27.32 and a 12 month high of $35.14. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 1.18.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be paid a $0.65 dividend. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.64. The ex-dividend date is Monday, October 30th. This represents a $2.60 dividend on an annualized basis and a yield of 9.17%. Omega Healthcare Investors’s payout ratio is 333.33%.

A number of analysts recently issued reports on the company. BidaskClub lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Hilliard Lyons lowered Omega Healthcare Investors to a “buy” rating in a report on Wednesday, November 1st. Capital One Financial Corporation reissued an “equal weight” rating on shares of Omega Healthcare Investors in a research note on Sunday, October 22nd. Vetr downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $32.96 price objective for the company. in a research note on Monday, October 30th. Finally, Zacks Investment Research downgraded shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $31.83.

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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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