Omega Healthcare Investors Inc (NYSE:OHI) CFO Robert O. Stephenson sold 10,000 shares of Omega Healthcare Investors stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $39.00, for a total value of $390,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE:OHI opened at $39.51 on Thursday. The business’s 50 day simple moving average is $37.46 and its 200-day simple moving average is $36.86. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 5.16 and a beta of 0.42. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.78 and a quick ratio of 2.78. Omega Healthcare Investors Inc has a 12 month low of $31.69 and a 12 month high of $40.30.
Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.39). The firm had revenue of $191.81 million for the quarter, compared to analysts’ expectations of $190.46 million. Omega Healthcare Investors had a return on equity of 6.79% and a net margin of 29.38%. Omega Healthcare Investors’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. On average, equities analysts anticipate that Omega Healthcare Investors Inc will post 2.95 earnings per share for the current year.
Several large investors have recently made changes to their positions in OHI. Vanguard Group Inc. raised its position in shares of Omega Healthcare Investors by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 31,995,715 shares of the real estate investment trust’s stock worth $1,175,842,000 after purchasing an additional 1,686,492 shares during the last quarter. BlackRock Inc. raised its position in shares of Omega Healthcare Investors by 2.5% during the 2nd quarter. BlackRock Inc. now owns 24,907,576 shares of the real estate investment trust’s stock worth $915,351,000 after purchasing an additional 600,319 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Omega Healthcare Investors by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,048,815 shares of the real estate investment trust’s stock worth $185,543,000 after purchasing an additional 98,805 shares during the last quarter. Federated Investors Inc. PA raised its position in shares of 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 purchasing an additional 243,272 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Omega Healthcare Investors by 19.0% during the 2nd quarter. Invesco Ltd. now owns 3,204,955 shares of the real estate investment trust’s stock worth $117,781,000 after purchasing an additional 512,093 shares during the last quarter. 66.86% of the stock is currently owned by institutional investors and hedge funds.
OHI has been the topic of a number of analyst reports. Raymond James raised Omega Healthcare Investors from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $40.00 to $42.00 in a report on Thursday, August 8th. Zacks Investment Research lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $38.77.
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.
Further Reading: Balanced Fund
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