First Trust Advisors LP lifted its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 17.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 533,770 shares of the real estate investment trust’s stock after buying an additional 79,562 shares during the period. First Trust Advisors LP owned about 0.27% of Omega Healthcare Investors worth $17,033,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Ffcm LLC raised its holdings in Omega Healthcare Investors by 197.6% during the second quarter. Ffcm LLC now owns 3,402 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 2,259 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in Omega Healthcare Investors by 167.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,432 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 2,150 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in Omega Healthcare Investors by 656.6% during the second quarter. Chicago Partners Investment Group LLC now owns 6,015 shares of the real estate investment trust’s stock worth $193,000 after acquiring an additional 5,220 shares in the last quarter. ARP Americas LLC bought a new stake in Omega Healthcare Investors during the second quarter worth about $218,000. Finally, Schnieders Capital Management LLC bought a new stake in Omega Healthcare Investors during the second quarter worth about $226,000. 72.33% of the stock is owned by institutional investors.
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In other news, Director Bernard J. Korman bought 100,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were bought at an average price of $28.24 per share, for a total transaction of $2,824,000.00. Following the completion of the purchase, the director now owns 903,895 shares in the company, valued at $25,525,994.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig R. Callen bought 10,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average price of $27.38 per share, for a total transaction of $273,800.00. The disclosure for this purchase can be found here. 1.54% of the stock is owned by corporate insiders.
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 report on Friday. SunTrust Banks, Inc. restated a “hold” rating and issued a $30.00 price objective on shares of Omega Healthcare Investors in a research note on Wednesday, November 1st. Hilliard Lyons lowered Omega Healthcare Investors to a “buy” rating in a research note on Wednesday, November 1st. TheStreet lowered Omega Healthcare Investors from a “b-” rating to a “c” rating in a research note on Monday, October 30th. Finally, Stifel Nicolaus lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating and dropped their price objective for the company from $35.00 to $29.00 in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.83.
Shares of Omega Healthcare Investors, Inc. (NYSE OHI) opened at $28.39 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.40 and a quick ratio of 3.04. The stock has a market capitalization of $5,623.06, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 2.95 and a beta of 0.53. Omega Healthcare Investors, Inc. has a 52 week low of $27.32 and a 52 week high of $35.14.
The firm 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 $0.65 dividend. This is a positive change 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 annualized dividend and a yield of 9.16%. Omega Healthcare Investors’s dividend payout ratio is currently 317.08%.
About Omega Healthcare Investors
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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