Strategic Wealth Advisors Group LLC Sells 1,331 Shares of Omega Healthcare Investors Inc (NYSE:OHI)

Strategic Wealth Advisors Group LLC lessened its holdings in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,306 shares of the real estate investment trust’s stock after selling 1,331 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Omega Healthcare Investors were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in 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 valued at $1,175,842,000 after buying an additional 1,686,492 shares in the last quarter. BlackRock Inc. grew its holdings in 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 valued at $915,351,000 after buying an additional 600,319 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in 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 valued at $185,543,000 after buying an additional 98,805 shares in the last quarter. Invesco Ltd. grew its holdings in 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 valued at $117,781,000 after buying an additional 512,093 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Omega Healthcare Investors by 225.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,751,329 shares of the real estate investment trust’s stock valued at $101,111,000 after buying an additional 1,904,949 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors.

OHI has been the subject of several research analyst reports. Bank of America restated a “buy” rating and set a $44.50 price target on shares of Omega Healthcare Investors in a report on Monday, October 14th. Berenberg Bank initiated coverage on Omega Healthcare Investors in a report on Thursday, September 12th. They set a “buy” rating and a $47.00 price target for the company. Zacks Investment Research cut Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Wednesday. Wells Fargo & Co raised their price target on Omega Healthcare Investors from $36.00 to $40.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Finally, Raymond James cut Omega Healthcare Investors from a “strong-buy” rating to a “market perform” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $41.98.

Shares of Omega Healthcare Investors stock traded down $0.16 on Friday, reaching $41.07. The company had a trading volume of 2,547,785 shares, compared to its average volume of 1,675,720. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 5.76 and a beta of 0.33. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.78 and a quick ratio of 2.78. The firm’s 50-day moving average price is $42.82 and its two-hundred day moving average price is $38.90. Omega Healthcare Investors Inc has a 1 year low of $33.39 and a 1 year high of $45.01.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.10). The company had revenue of $199.00 million during the quarter, compared to analysts’ expectations of $194.26 million. Omega Healthcare Investors had a return on equity of 8.87% and a net margin of 38.12%. Omega Healthcare Investors’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 EPS. As a group, analysts anticipate that Omega Healthcare Investors Inc will post 2.95 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.67 dividend. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.66. The ex-dividend date is Wednesday, October 30th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.53%. Omega Healthcare Investors’s payout ratio is 88.16%.

In other news, CFO Robert O. Stephenson sold 10,000 shares of Omega Healthcare Investors stock in a transaction that occurred on Friday, August 16th. The stock was 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 is accessible through the SEC website. Also, CAO Michael Ritz sold 2,500 shares of Omega Healthcare Investors stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the transaction, the chief accounting officer now owns 5,485 shares of the company’s stock, valued at approximately $230,370. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,500 shares of company stock valued at $1,822,300. Company insiders own 1.16% of the company’s stock.

About Omega Healthcare Investors

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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