Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Omega Healthcare Investors Inc (NYSE:OHI) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,284 shares of the real estate investment trust’s stock after purchasing an additional 2,148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Omega Healthcare Investors were worth $1,995,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its holdings in Omega Healthcare Investors by 2.7% in the first quarter. BlackRock Inc. now owns 24,307,257 shares of the real estate investment trust’s stock worth $927,322,000 after purchasing an additional 629,799 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Omega Healthcare Investors by 7.6% in the first quarter. Federated Investors Inc. PA now owns 3,460,637 shares of the real estate investment trust’s stock worth $132,023,000 after purchasing an additional 243,272 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Omega Healthcare Investors by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 2,312,184 shares of the real estate investment trust’s stock worth $81,791,000 after purchasing an additional 171,333 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Omega Healthcare Investors by 54.8% in the first quarter. Parametric Portfolio Associates LLC now owns 731,379 shares of the real estate investment trust’s stock worth $27,902,000 after purchasing an additional 258,849 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Omega Healthcare Investors by 55.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 675,575 shares of the real estate investment trust’s stock worth $25,775,000 after purchasing an additional 240,787 shares in the last quarter. Hedge funds and other institutional investors own 69.26% of the company’s stock.
In related news, CFO Robert O. Stephenson sold 10,000 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $38.00, for a total value of $380,000.00. Following the completion of the transaction, the chief financial officer now owns 223,326 shares of the company’s stock, valued at $8,486,388. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Taylor Pickett sold 5,500 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $38.00, for a total transaction of $209,000.00. Following the completion of the transaction, the chief executive officer now directly owns 227,933 shares of the company’s stock, valued at approximately $8,661,454. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,500 shares of company stock valued at $2,869,000. 1.16% of the stock is owned by corporate insiders.
Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.39). Omega Healthcare Investors had a net margin of 29.38% and a return on equity of 6.79%. The firm had revenue of $191.81 million for the quarter, compared to the consensus estimate of $190.46 million. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Equities analysts expect that Omega Healthcare Investors Inc will post 2.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 6.89%. The ex-dividend date was Tuesday, July 30th. Omega Healthcare Investors’s payout ratio is presently 86.84%.
OHI has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Wednesday, July 31st. Raymond James upgraded shares of Omega Healthcare Investors from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $40.00 to $42.00 in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.77.
Omega Healthcare Investors 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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