Legal & General Group Plc increased its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 22.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 530,159 shares of the real estate investment trust’s stock after buying an additional 97,963 shares during the period. Legal & General Group Plc owned 0.27% of Omega Healthcare Investors worth $17,491,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of OHI. Tompkins Financial Corp bought a new position in shares of Omega Healthcare Investors during the first quarter worth about $165,000. South Texas Money Management Ltd. bought a new position in shares of Omega Healthcare Investors during the first quarter worth about $207,000. Lodestar Investment Counsel LLC IL bought a new position in shares of Omega Healthcare Investors during the first quarter worth about $209,000. Wesbanco Bank Inc. bought a new position in shares of Omega Healthcare Investors during the first quarter worth about $211,000. Finally, Arete Wealth Advisors LLC bought a new position in shares of Omega Healthcare Investors during the first quarter worth about $216,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.
Omega Healthcare Investors, Inc. (NYSE:OHI) traded down 0.18% during midday trading on Tuesday, hitting $33.24. The stock had a trading volume of 575,702 shares. Omega Healthcare Investors, Inc. has a 52 week low of $28.11 and a 52 week high of $38.09. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 15.58 and a beta of 0.55. The company’s 50 day moving average price is $32.37 and its 200-day moving average price is $32.22.
Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.88 EPS for the quarter, beating the consensus estimate of $0.86 by $0.02. Omega Healthcare Investors had a return on equity of 9.95% and a net margin of 45.16%. The company had revenue of $231.74 million for the quarter, compared to analyst estimates of $197.55 million. During the same quarter in the prior year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities analysts anticipate that Omega Healthcare Investors, Inc. will post $1.99 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. Jefferies Group LLC cut Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a report on Tuesday, February 21st. Finally, Vetr cut Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $34.01 target price on the stock. in a report on Monday, February 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $34.67.
In other Omega Healthcare Investors news, Director Craig R. Callen bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were bought at an average price of $31.40 per share, for a total transaction of $471,000.00. Following the transaction, the director now directly owns 18,000 shares in the company, valued at $565,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven J. Insoft sold 87,500 shares of the company’s stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $34.00, for a total value of $2,975,000.00. Following the sale, the insider now owns 324,076 shares in the company, valued at approximately $11,018,584. The disclosure for this sale can be found here. 4.54% of the stock is owned by corporate insiders.
Omega Healthcare Investors Company Profile
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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