Forsta AP Fonden Sells 19,100 Shares of Omega Healthcare Investors Inc (OHI)
Forsta AP Fonden cut its holdings in Omega Healthcare Investors Inc (NYSE:OHI) by 38.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,400 shares of the real estate investment trust’s stock after selling 19,100 shares during the quarter. Forsta AP Fonden’s holdings in Omega Healthcare Investors were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of OHI. Daiwa Securities Group Inc. raised its holdings in Omega Healthcare Investors by 43.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,032,761 shares of the real estate investment trust’s stock worth $156,015,000 after acquiring an additional 1,536,523 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in Omega Healthcare Investors by 3,000.0% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 909,261 shares of the real estate investment trust’s stock valued at $29,331,000 after buying an additional 879,930 shares during the last quarter. First Republic Investment Management Inc. raised its stake in Omega Healthcare Investors by 2,344.6% during the 2nd quarter. First Republic Investment Management Inc. now owns 881,585 shares of the real estate investment trust’s stock valued at $27,329,000 after buying an additional 845,523 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Omega Healthcare Investors by 14.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,689,457 shares of the real estate investment trust’s stock valued at $176,373,000 after buying an additional 736,393 shares during the last quarter. Finally, Carillon Tower Advisers Inc. raised its stake in Omega Healthcare Investors by 378.2% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 726,048 shares of the real estate investment trust’s stock valued at $22,507,000 after buying an additional 574,225 shares during the last quarter. 73.42% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently weighed in on OHI. Stifel Nicolaus upped their target price on shares of Omega Healthcare Investors to $34.00 in a report on Sunday, December 2nd. ValuEngine raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a report on Monday, August 13th. TheStreet raised shares of Omega Healthcare Investors from a “c” rating to a “b-” rating in a report on Thursday, November 8th. Bank of America reissued a “hold” rating on shares of Omega Healthcare Investors in a report on Monday, November 19th. Finally, Zacks Investment Research cut shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $32.50.
Omega Healthcare Investors stock traded down $0.81 during midday trading on Friday, reaching $37.30. The stock had a trading volume of 3,099,057 shares, compared to its average volume of 2,409,369. The firm has a market capitalization of $7.65 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 7.39 and a beta of 0.17. Omega Healthcare Investors Inc has a 52-week low of $24.90 and a 52-week high of $38.34. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.17 and a quick ratio of 4.17.
Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Monday, November 5th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.46). Omega Healthcare Investors had a return on equity of 7.32% and a net margin of 31.91%. The company had revenue of $192.30 million for the quarter, compared to analysts’ expectations of $194.40 million. During the same period last year, the business posted $0.79 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. Research analysts anticipate that Omega Healthcare Investors Inc will post 2.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 7.08%. Omega Healthcare Investors’s dividend payout ratio is presently 80.00%.
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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.
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