Omega Healthcare Investors Inc (NYSE:OHI) Shares Sold by ARP Americas LP

ARP Americas LP decreased its position in Omega Healthcare Investors Inc (NYSE:OHI) by 55.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,892 shares of the real estate investment trust’s stock after selling 13,711 shares during the quarter. ARP Americas LP’s holdings in Omega Healthcare Investors were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in OHI. Mckinley Capital Management LLC Delaware increased its stake in shares of Omega Healthcare Investors by 0.9% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 43,737 shares of the real estate investment trust’s stock valued at $1,301,000 after acquiring an additional 381 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Omega Healthcare Investors by 28.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,819 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 402 shares during the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of Omega Healthcare Investors by 6.2% during the 1st quarter. Capital Investment Advisory Services LLC now owns 7,746 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 454 shares during the last quarter. Utah Retirement Systems increased its stake in shares of Omega Healthcare Investors by 1.0% during the 1st quarter. Utah Retirement Systems now owns 52,926 shares of the real estate investment trust’s stock valued at $1,404,000 after acquiring an additional 500 shares during the last quarter. Finally, Capital Square LLC increased its stake in shares of Omega Healthcare Investors by 1.7% during the 2nd quarter. Capital Square LLC now owns 31,962 shares of the real estate investment trust’s stock valued at $950,000 after acquiring an additional 524 shares during the last quarter. 70.14% of the stock is owned by hedge funds and other institutional investors.

NYSE OHI remained flat at $$32.38 on Friday. The company’s stock had a trading volume of 1,704,145 shares, compared to its average volume of 1,736,592. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 5.96 and a beta of 0.90. Omega Healthcare Investors Inc has a 52-week low of $13.33 and a 52-week high of $45.22. The firm’s 50-day moving average is $30.36 and its 200-day moving average is $33.07. The company has a quick ratio of 3.93, a current ratio of 3.93 and a debt-to-equity ratio of 1.31.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Monday, May 4th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). The company had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $217.97 million. Omega Healthcare Investors had a return on equity of 8.66% and a net margin of 37.71%. The firm’s revenue was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. As a group, analysts forecast that Omega Healthcare Investors Inc will post 3.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date is Thursday, July 30th. Omega Healthcare Investors’s payout ratio is 87.30%.

A number of analysts have recently issued reports on the company. Raymond James upgraded Omega Healthcare Investors from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $32.00 to $34.00 in a report on Friday, May 15th. Smith Barney Citigroup assumed coverage on Omega Healthcare Investors in a report on Monday, July 13th. They set a “neutral” rating for the company. JMP Securities assumed coverage on Omega Healthcare Investors in a report on Monday, June 8th. They set a “market perform” rating for the company. Scotiabank upgraded Omega Healthcare Investors from a “sector perform” rating to a “sector outperform” rating and set a $37.00 target price for the company in a report on Wednesday, April 8th. Finally, Citigroup boosted their target price on Omega Healthcare Investors from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Omega Healthcare Investors currently has an average rating of “Hold” and an average target price of $34.50.

In other Omega Healthcare Investors news, Director Burke W. Whitman bought 800 shares of the business’s stock in a transaction on Monday, June 1st. The shares were bought at an average cost of $31.73 per share, with a total value of $25,384.00. Following the transaction, the director now directly owns 8,988 shares in the company, valued at approximately $285,189.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michael Ritz sold 2,250 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $35.00, for a total value of $78,750.00. The disclosure for this sale can be found here. Corporate 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.

Further Reading: Float

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

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