Resources Investment Advisors Inc. Sells 1,550 Shares of Omega Healthcare Investors Inc (NYSE:OHI)

Resources Investment Advisors Inc. trimmed its stake in Omega Healthcare Investors Inc (NYSE:OHI) by 10.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,114 shares of the real estate investment trust’s stock after selling 1,550 shares during the quarter. Resources Investment Advisors Inc.’s holdings in Omega Healthcare Investors were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AlphaCrest Capital Management LLC grew its stake in shares of Omega Healthcare Investors by 29.7% in the first quarter. AlphaCrest Capital Management LLC now owns 11,158 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 2,558 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in Omega Healthcare Investors by 91.6% in the first quarter. Ontario Teachers Pension Plan Board now owns 20,385 shares of the real estate investment trust’s stock worth $778,000 after purchasing an additional 9,745 shares during the period. Sawtooth Solutions LLC bought a new position in Omega Healthcare Investors in the first quarter worth $347,000. Federated Investors Inc. PA lifted its position 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 during the period. Finally, Swiss National Bank lifted its position in Omega Healthcare Investors by 3.2% in the first quarter. Swiss National Bank now owns 365,758 shares of the real estate investment trust’s stock worth $13,954,000 after purchasing an additional 11,500 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

OHI stock traded up $0.24 during midday trading on Friday, reaching $36.75. The stock had a trading volume of 2,022,700 shares, compared to its average volume of 1,714,823. The business’s fifty day moving average price is $36.67. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 4.78 and a beta of 0.42. Omega Healthcare Investors Inc has a twelve month low of $28.65 and a twelve month high of $40.30.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.37). Omega Healthcare Investors had a return on equity of 7.02% and a net margin of 30.17%. The company had revenue of $188.20 million for the quarter, compared to analyst estimates of $190.54 million. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Omega Healthcare Investors’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts anticipate that Omega Healthcare Investors Inc will post 2.98 EPS for the current year.

A number of research analysts have issued reports on the company. ValuEngine cut Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Zacks Investment Research cut Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $37.05.

In other news, CFO Robert O. Stephenson sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Following the sale, the chief financial officer now owns 233,326 shares in the company, valued at approximately $8,633,062. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Taylor Pickett sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $38.00, for a total value of $1,140,000.00. Following the sale, the chief executive officer now owns 269,133 shares in the company, valued at approximately $10,227,054. The disclosure for this sale can be found here. Insiders sold a total of 102,788 shares of company stock worth $3,896,856 in the last 90 days. Company insiders own 1.16% of the company’s stock.

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

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