Omega Healthcare Investors Inc (OHI) Director Acquires $471,000.00 in Stock

Omega Healthcare Investors Inc (NYSE:OHI) Director Craig R. Callen purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were purchased at an average cost of $31.40 per share, with a total value of $471,000.00. Following the completion of the acquisition, the director now directly owns 18,000 shares of the company’s stock, valued at $565,200. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Omega Healthcare Investors Inc (NYSE:OHI) traded down 0.86% during mid-day trading on Thursday, hitting $30.96. 122,850 shares of the stock traded hands. The firm has a market cap of $6.09 billion, a PE ratio of 14.51 and a beta of 0.51. The stock has a 50 day moving average price of $32.86 and a 200 day moving average price of $32.01. Omega Healthcare Investors Inc has a 12-month low of $28.11 and a 12-month high of $38.09.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. Omega Healthcare Investors had a net margin of 40.67% and a return on equity of 8.86%. The company had revenue of $231.74 million for the quarter, compared to the consensus estimate of $197.55 million. During the same period in the previous year, the firm earned $0.83 EPS. Omega Healthcare Investors’s revenue was up 8.9% on a year-over-year basis. On average, analysts expect that Omega Healthcare Investors Inc will post $1.99 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Omega Healthcare Investors (NYSE:OHI)

The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 8.07%. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Thursday, April 27th. Omega Healthcare Investors’s payout ratio is 131.22%.

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Several hedge funds have recently added to or reduced their stakes in the company. Tompkins Financial Corp bought a new stake in Omega Healthcare Investors during the first quarter worth approximately $165,000. Greenwood Capital Associates LLC acquired a new stake in Omega Healthcare Investors during the fourth quarter worth approximately $204,000. South Texas Money Management Ltd. acquired a new stake in Omega Healthcare Investors during the first quarter worth approximately $207,000. Lodestar Investment Counsel LLC IL acquired a new stake in Omega Healthcare Investors during the first quarter worth approximately $209,000. Finally, Wesbanco Bank Inc. acquired a new stake in Omega Healthcare Investors during the first quarter worth approximately $211,000. Institutional investors own 78.78% of the company’s stock.

Several brokerages have weighed in on OHI. Zacks Investment Research lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Thursday. Jefferies Group LLC lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a research report on Tuesday, February 21st. Vetr lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $34.01 target price on the stock. in a research report on Monday, February 27th. Finally, SunTrust Banks, Inc. lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Wednesday, February 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $34.67.

Omega Healthcare Investors Company Profile

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

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