Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lessened its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,008 shares of the real estate investment trust’s stock after selling 3,018 shares during the quarter. Toronto Dominion Bank’s holdings in Omega Healthcare Investors were worth $2,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cooper Financial Group boosted its holdings in shares of Omega Healthcare Investors by 5.0% in the 1st quarter. Cooper Financial Group now owns 6,330 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 302 shares during the last quarter. Assetmark Inc. increased its stake in Omega Healthcare Investors by 6.4% during the 1st quarter. Assetmark Inc. now owns 5,563 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 333 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in Omega Healthcare Investors by 5.5% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,500 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 340 shares during the period. Strategic Wealth Advisors Group LLC increased its position in shares of Omega Healthcare Investors by 2.7% in the 2nd quarter. Strategic Wealth Advisors Group LLC now owns 13,354 shares of the real estate investment trust’s stock worth $485,000 after purchasing an additional 350 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of Omega Healthcare Investors by 0.6% in the 1st quarter. Arizona State Retirement System now owns 65,451 shares of the real estate investment trust’s stock worth $2,397,000 after purchasing an additional 366 shares during the last quarter. Institutional investors own 68.50% of the company’s stock.

Several research firms have recently weighed in on OHI. Scotiabank downgraded shares of Omega Healthcare Investors from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $41.00 to $39.00 in a research report on Thursday, June 17th. They noted that the move was a valuation call. Wells Fargo & Company boosted their target price on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, July 23rd. Wolfe Research began coverage on shares of Omega Healthcare Investors in a research report on Monday, June 14th. They issued a “peer perform” rating and a $43.00 target price for the company. Zacks Investment Research raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, August 18th. Finally, Bank of America downgraded shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $37.00 to $33.00 in a research report on Thursday, August 26th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $39.45.

In other Omega Healthcare Investors news, insider Steven J. Insoft sold 25,000 shares of the business’s stock in a transaction dated Friday, June 25th. The shares were sold at an average price of $36.71, for a total transaction of $917,750.00. Following the completion of the transaction, the insider now directly owns 184,588 shares of the company’s stock, valued at approximately $6,776,225.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 1,755 shares of company stock valued at $62,479 over the last three months. 1.16% of the stock is currently owned by company insiders.

Shares of NYSE:OHI opened at $31.13 on Wednesday. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 1.25. Omega Healthcare Investors, Inc. has a fifty-two week low of $28.08 and a fifty-two week high of $39.31. The firm has a 50-day simple moving average of $34.52 and a 200 day simple moving average of $36.20. The company has a market cap of $7.44 billion, a PE ratio of 33.84, a P/E/G ratio of 5.34 and a beta of 0.99.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Sunday, August 1st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). The business had revenue of $257.42 million for the quarter, compared to the consensus estimate of $235.89 million. Omega Healthcare Investors had a net margin of 23.48% and a return on equity of 5.26%. Omega Healthcare Investors’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 EPS. As a group, research analysts forecast that Omega Healthcare Investors, Inc. will post 3.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 13th. Shareholders of record on Monday, August 2nd were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date of this dividend was Friday, July 30th. Omega Healthcare Investors’s payout ratio is 82.97%.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities. Its portfolio consists of long-term leases and mortgage agreements. The company was founded on March 31, 1992 and is headquartered in Hunt Valley, MD.

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Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

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