Sterneck Capital Management LLC grew its position in Omega Healthcare Investors Inc (NYSE:OHI) by 46.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 98,364 shares of the real estate investment trust’s stock after acquiring an additional 31,100 shares during the quarter. Omega Healthcare Investors accounts for about 1.6% of Sterneck Capital Management LLC’s portfolio, making the stock its 20th largest position. Sterneck Capital Management LLC’s holdings in Omega Healthcare Investors were worth $2,709,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of OHI. Barnett & Company Inc. raised its position in shares of Omega Healthcare Investors by 1,980.0% in the third quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 4,950 shares during the period. Mcmillion Capital Management Inc. acquired a new position in shares of Omega Healthcare Investors in the third quarter worth about $201,000. Lourd Capital LLC acquired a new position in shares of Omega Healthcare Investors in the fourth quarter worth about $202,000. Timber Hill LLC acquired a new position in shares of Omega Healthcare Investors in the third quarter worth about $206,000. Finally, Good Life Advisors LLC acquired a new position in shares of Omega Healthcare Investors in the third quarter worth about $209,000. Institutional investors and hedge funds own 67.91% of the company’s stock.
In related news, Director Bernard J. Korman purchased 100,000 shares of Omega Healthcare Investors stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average price of $26.89 per share, for a total transaction of $2,689,000.00. Following the transaction, the director now directly owns 896,895 shares in the company, valued at $24,117,506.55. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.54% of the stock is owned by corporate insiders.
Omega Healthcare Investors Inc (NYSE:OHI) opened at $26.13 on Friday. Omega Healthcare Investors Inc has a 1 year low of $24.90 and a 1 year high of $35.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.40 and a current ratio of 3.40. The firm has a market cap of $5,175.65, a PE ratio of 7.69, a P/E/G ratio of 2.70 and a beta of 0.41.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 10.10%. The ex-dividend date is Tuesday, January 30th. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.65. Omega Healthcare Investors’s dividend payout ratio is 321.96%.
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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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