Omega Healthcare Investors, Inc. (OHI) Director Bernard J. Korman Acquires 100,000 Shares of Stock

Omega Healthcare Investors, Inc. (NYSE:OHI) Director Bernard J. Korman acquired 100,000 shares of Omega Healthcare Investors stock in a transaction dated Tuesday, October 31st. The shares were purchased at an average price of $28.24 per share, for a total transaction of $2,824,000.00. Following the completion of the transaction, the director now directly owns 903,895 shares in the company, valued at approximately $25,525,994.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Omega Healthcare Investors, Inc. (NYSE OHI) traded up $0.32 during trading hours on Friday, reaching $28.38. The company’s stock had a trading volume of 1,748,648 shares, compared to its average volume of 2,971,450. The firm has a market cap of $5,522.05, a PE ratio of 8.20 and a beta of 0.53.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.65 per share. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Monday, October 30th. This represents a $2.60 dividend on an annualized basis and a yield of 9.16%. Omega Healthcare Investors’s payout ratio is presently 317.08%.

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Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Omega Healthcare Investors by 2.3% in the second quarter. Vanguard Group Inc. now owns 32,497,878 shares of the real estate investment trust’s stock worth $1,073,080,000 after purchasing an additional 735,367 shares during the last quarter. BlackRock Inc. raised its stake in shares of Omega Healthcare Investors by 3.6% in the second quarter. BlackRock Inc. now owns 20,606,999 shares of the real estate investment trust’s stock worth $680,443,000 after purchasing an additional 717,086 shares during the last quarter. State Street Corp raised its stake in shares of Omega Healthcare Investors by 4.3% in the second quarter. State Street Corp now owns 6,278,985 shares of the real estate investment trust’s stock worth $207,335,000 after purchasing an additional 258,035 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Omega Healthcare Investors by 0.9% in the third quarter. Principal Financial Group Inc. now owns 5,554,583 shares of the real estate investment trust’s stock worth $177,245,000 after purchasing an additional 50,760 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Omega Healthcare Investors by 8.4% in the second quarter. Northern Trust Corp now owns 2,742,818 shares of the real estate investment trust’s stock worth $90,567,000 after purchasing an additional 212,609 shares during the last quarter. Institutional investors and hedge funds own 72.87% of the company’s stock.

Several research firms recently issued reports on OHI. Zacks Investment Research lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Friday. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $30.00 price objective on shares of Omega Healthcare Investors in a research report on Wednesday. Hilliard Lyons lowered Omega Healthcare Investors to a “buy” rating in a research report on Wednesday. TheStreet lowered Omega Healthcare Investors from a “b-” rating to a “c” rating in a research report on Monday. Finally, Stifel Nicolaus lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating and cut their price objective for the stock from $35.00 to $29.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Omega Healthcare Investors presently has an average rating of “Hold” and an average price target of $31.83.

Omega Healthcare Investors Company Profile

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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