Omega Healthcare Investors, Inc. (NYSE:OHI) CFO Sells $905,962.98 in Stock

Omega Healthcare Investors, Inc. (NYSE:OHI) CFO Robert O. Stephenson sold 22,542 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $40.19, for a total transaction of $905,962.98. Following the completion of the transaction, the chief financial officer now directly owns 183,076 shares in the company, valued at $7,357,824.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI traded down $0.32 during trading on Tuesday, reaching $40.39. The company had a trading volume of 1,280,184 shares, compared to its average volume of 1,687,011. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $41.53. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.79 and a quick ratio of 5.79. The stock’s fifty day moving average price is $38.81 and its 200 day moving average price is $34.40. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 1.32 and a beta of 1.00.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.20). Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. The firm had revenue of $252.70 million during the quarter, compared to analyst estimates of $205.92 million. During the same period in the prior year, the firm posted $0.74 earnings per share. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. As a group, equities research analysts predict that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were given a $0.67 dividend. The ex-dividend date was Monday, August 5th. This represents a $2.68 dividend on an annualized basis and a yield of 6.64%. Omega Healthcare Investors’s payout ratio is currently 241.44%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OHI. Mizuho downgraded shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $34.00 to $35.00 in a research note on Thursday, July 25th. Truist Financial boosted their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. Wells Fargo & Company restated an “overweight” rating and set a $43.00 price target (up previously from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday. Finally, Scotiabank boosted their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $35.78.

Hedge Funds Weigh In On Omega Healthcare Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its holdings in shares of Omega Healthcare Investors by 107.2% in the 4th quarter. Hsbc Holdings PLC now owns 249,374 shares of the real estate investment trust’s stock valued at $7,669,000 after buying an additional 129,009 shares during the period. Stifel Financial Corp raised its position in Omega Healthcare Investors by 1.0% in the fourth quarter. Stifel Financial Corp now owns 344,421 shares of the real estate investment trust’s stock worth $10,560,000 after acquiring an additional 3,514 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in Omega Healthcare Investors by 5.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 111,844 shares of the real estate investment trust’s stock valued at $3,429,000 after acquiring an additional 5,689 shares during the period. Centersquare Investment Management LLC boosted its position in shares of Omega Healthcare Investors by 36.6% during the 4th quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock worth $109,924,000 after purchasing an additional 960,997 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Omega Healthcare Investors during the 4th quarter worth $2,489,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Company Profile

Omega is a REIT 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 U.S., as well as in the U.K.