Swiss National Bank raised its position in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 9.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 399,058 shares of the real estate investment trust’s stock after acquiring an additional 33,300 shares during the period. Swiss National Bank’s holdings in Omega Healthcare Investors were worth $14,665,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coastal Investment Advisors Inc. increased its holdings in shares of Omega Healthcare Investors by 148.4% during the second quarter. Coastal Investment Advisors Inc. now owns 683 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 408 shares in the last quarter. Kavar Capital Partners LLC bought a new stake in shares of Omega Healthcare Investors during the second quarter valued at approximately $33,000. Avestar Capital LLC grew its stake in shares of Omega Healthcare Investors by 63.2% during the first quarter. Avestar Capital LLC now owns 1,286 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 498 shares during the last quarter. Gradient Investments LLC grew its stake in shares of Omega Healthcare Investors by 54.5% during the second quarter. Gradient Investments LLC now owns 1,326 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 468 shares during the last quarter. Finally, Optimum Investment Advisors grew its stake in shares of Omega Healthcare Investors by 132.3% during the first quarter. Optimum Investment Advisors now owns 1,510 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 860 shares during the last quarter. 66.86% of the stock is owned by institutional investors.
In other Omega Healthcare Investors news, CEO C Taylor Pickett sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $38.00, for a total value of $1,140,000.00. Following the transaction, the chief executive officer now directly owns 299,133 shares of the company’s stock, valued at $11,367,054. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Robert O. Stephenson sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $39.00, for a total transaction of $390,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,500 shares of company stock worth $3,259,000. Insiders own 1.16% of the company’s stock.
OHI opened at $40.39 on Friday. Omega Healthcare Investors Inc has a one year low of $31.69 and a one year high of $41.31. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.78 and a quick ratio of 2.78. The company’s 50 day simple moving average is $37.56 and its 200-day simple moving average is $36.87. The stock has a market capitalization of $8.56 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 5.25 and a beta of 0.42.
Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $191.81 million during the quarter, compared to the consensus estimate of $190.46 million. During the same period in the previous year, the business posted $0.75 earnings per share. Omega Healthcare Investors’s revenue was down .5% compared to the same quarter last year. As a group, analysts anticipate that Omega Healthcare Investors Inc will post 2.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a $0.66 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $2.64 dividend on an annualized basis and a yield of 6.54%. Omega Healthcare Investors’s payout ratio is presently 86.84%.
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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