Cleararc Capital Inc. purchased a new stake in Omega Healthcare Investors Inc (NYSE:OHI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,243 shares of the real estate investment trust’s stock, valued at approximately $200,000.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Omega Healthcare Investors by 2.7% in the 1st quarter. BlackRock Inc. now owns 24,307,257 shares of the real estate investment trust’s stock valued at $927,322,000 after purchasing an additional 629,799 shares in the last quarter. Federated Investors Inc. PA lifted its position in Omega Healthcare Investors by 7.6% during the 1st quarter. Federated Investors Inc. PA now owns 3,460,637 shares of the real estate investment trust’s stock worth $132,023,000 after buying an additional 243,272 shares in the last quarter. Geode Capital Management LLC lifted its position in Omega Healthcare Investors by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 2,312,184 shares of the real estate investment trust’s stock worth $81,791,000 after buying an additional 171,333 shares in the last quarter. Two Sigma Investments LP lifted its position in Omega Healthcare Investors by 61,976.7% during the 4th quarter. Two Sigma Investments LP now owns 1,339,615 shares of the real estate investment trust’s stock worth $47,087,000 after buying an additional 1,337,457 shares in the last quarter. Finally, Norges Bank acquired a new position in Omega Healthcare Investors during the 4th quarter worth about $46,751,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.
In other Omega Healthcare Investors news, CFO Robert O. Stephenson sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $38.00, for a total transaction of $380,000.00. Following the completion of the transaction, the chief financial officer now owns 223,326 shares of the company’s stock, valued at approximately $8,486,388. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Taylor Pickett sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $38.00, for a total value of $209,000.00. Following the transaction, the chief executive officer now directly owns 227,933 shares of the company’s stock, valued at approximately $8,661,454. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,500 shares of company stock valued at $3,239,000. 1.16% of the stock is owned by company insiders.
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 analysts’ consensus estimates 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 business had revenue of $188.20 million for the quarter, compared to the consensus estimate of $190.54 million. During the same period in the previous year, the company posted $0.78 earnings per share. Omega Healthcare Investors’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts anticipate that Omega Healthcare Investors Inc will post 2.99 EPS for the current year.
Several analysts have weighed in on OHI shares. ValuEngine raised Yelp from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Zacks Investment Research cut Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Omega Healthcare Investors presently has an average rating of “Hold” and an average price target of $37.05.
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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