Allianz Asset Management GmbH Acquires 42,942 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Allianz Asset Management GmbH boosted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 114.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 80,486 shares of the real estate investment trust’s stock after purchasing an additional 42,942 shares during the quarter. Allianz Asset Management GmbH’s holdings in Omega Healthcare Investors were worth $2,948,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in Omega Healthcare Investors during the 1st quarter valued at approximately $30,000. Curi Capital bought a new stake in shares of Omega Healthcare Investors in the 4th quarter worth approximately $36,000. Arkadios Wealth Advisors lifted its position in shares of Omega Healthcare Investors by 63.6% in the 1st quarter. Arkadios Wealth Advisors now owns 983 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 382 shares during the period. Simon Quick Advisors LLC bought a new stake in shares of Omega Healthcare Investors in the 1st quarter worth approximately $36,000. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Omega Healthcare Investors by 38.3% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,335 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 370 shares during the period. Hedge funds and other institutional investors own 69.45% of the company’s stock.

NYSE OHI opened at $36.50 on Friday. The company has a fifty day moving average price of $36.97. The firm has a market cap of $8.59 billion, a PE ratio of 36.87, a P/E/G ratio of 4.77 and a beta of 0.99. Omega Healthcare Investors, Inc. has a 52 week low of $27.89 and a 52 week high of $39.31. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.73 and a quick ratio of 3.73.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Sunday, May 2nd. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.24. Omega Healthcare Investors had a return on equity of 5.63% and a net margin of 25.12%. The business had revenue of $234.83 million during the quarter, compared to analysts’ expectations of $225.64 million. During the same period in the previous year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts forecast that Omega Healthcare Investors, Inc. will post 3.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 17th. Investors of record on Monday, May 3rd were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, April 30th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.34%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 82.97%.

A number of analysts have commented on OHI shares. Wolfe Research started coverage on Omega Healthcare Investors in a research report on Monday, June 14th. They issued a “peer perform” rating and a $43.00 price objective for the company. Zacks Investment Research upgraded Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Thursday, April 29th. JMP Securities reiterated an “outperform” rating and issued a $43.00 price objective on shares of Omega Healthcare Investors in a research report on Monday, May 10th. TheStreet upgraded Omega Healthcare Investors from a “c+” rating to a “b-” rating in a research report on Monday, April 5th. Finally, Scotiabank downgraded Omega Healthcare Investors from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $41.00 to $39.00 in a research report on Thursday, June 17th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Omega Healthcare Investors presently has an average rating of “Buy” and an average target price of $37.79.

In related news, COO Daniel J. Booth sold 25,000 shares of Omega Healthcare Investors stock in a transaction on Tuesday, March 30th. The stock was sold at an average price of $37.11, for a total transaction of $927,750.00. Following the completion of the sale, the chief operating officer now directly owns 147,530 shares of the company’s stock, valued at $5,474,838.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.37% of the stock is owned by insiders.

Omega Healthcare Investors 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.

Recommended Story: What is the formula for the cash asset ratio?

Want to see what other hedge funds are holding OHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Healthcare Investors, Inc. (NYSE:OHI).

Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.