Meridian Investment Counsel Inc. Sells 600 Shares of Omega Healthcare Investors, Inc. (OHI)

Meridian Investment Counsel Inc. cut its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,864 shares of the real estate investment trust’s stock after selling 600 shares during the period. Meridian Investment Counsel Inc.’s holdings in Omega Healthcare Investors were worth $1,090,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Uniplan Investment Counsel Inc. raised its position in Omega Healthcare Investors by 13.7% in the second quarter. Uniplan Investment Counsel Inc. now owns 449,237 shares of the real estate investment trust’s stock worth $15,252,000 after buying an additional 53,972 shares in the last quarter. Advantus Capital Management Inc raised its position in Omega Healthcare Investors by 12.8% in the second quarter. Advantus Capital Management Inc now owns 199,345 shares of the real estate investment trust’s stock worth $6,768,000 after buying an additional 22,636 shares in the last quarter. Globeflex Capital L P acquired a new position in Omega Healthcare Investors during the second quarter worth approximately $1,385,000. BlackRock Advisors LLC raised its position in Omega Healthcare Investors by 12.6% in the second quarter. BlackRock Advisors LLC now owns 99,088 shares of the real estate investment trust’s stock worth $3,364,000 after buying an additional 11,087 shares in the last quarter. Finally, Rench Wealth Management Inc. raised its position in Omega Healthcare Investors by 6.2% in the second quarter. Rench Wealth Management Inc. now owns 110,298 shares of the real estate investment trust’s stock worth $3,745,000 after buying an additional 6,480 shares in the last quarter. Institutional investors own 78.78% of the company’s stock.

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

Omega Healthcare Investors, Inc. (NYSE:OHI) traded up 1.63% during mid-day trading on Monday, reaching $31.81. 2,107,880 shares of the company were exchanged. The stock has a market capitalization of $6.24 billion, a P/E ratio of 16.73 and a beta of 0.51. The company’s 50 day moving average price is $32.02 and its 200-day moving average price is $32.91. Omega Healthcare Investors, Inc. has a 12 month low of $28.06 and a 12 month high of $38.09.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Wednesday, February 8th. The real estate investment trust reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.40. The firm had revenue of $234.49 million for the quarter, compared to analyst estimates of $195.14 million. Omega Healthcare Investors had a net margin of 40.67% and a return on equity of 8.86%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 earnings per share. On average, equities analysts expect that Omega Healthcare Investors, Inc. will post $2.00 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 7.80%. The ex-dividend date of this dividend is Friday, January 27th. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.61. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 131.22%.

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A number of research analysts have commented on the stock. Jefferies Group LLC restated a “buy” rating and issued a $40.00 price objective on shares of Omega Healthcare Investors in a research note on Sunday, October 23rd. TheStreet upgraded shares of Omega Healthcare Investors from a “c+” rating to a “b-” rating in a research note on Monday, February 6th. Finally, Zacks Investment Research lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $37.78.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc (Omega) is a self-administered real estate investment trust (REIT). The Company invests in income producing healthcare facilities, long-term care facilities located throughout the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.

5 Day Chart for NYSE:OHI

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