Today: Highland Capital Management LLC Buys Shares of 119,164 Omega Healthcare Investors Inc. (OHI)

Today: Highland Capital Management LLC Buys Shares of 119,164 Omega Healthcare Investors Inc. (OHI)

Highland Capital Management LLC bought a new position in Omega Healthcare Investors Inc. (NYSE:OHI) during the third quarter, Holdings Channel reports. The fund bought 119,164 shares of the real estate investment trust’s stock, valued at approximately $4,224,000.

Other large investors also recently added to or reduced their stakes in the company. Gradient Investments LLC boosted its stake in Omega Healthcare Investors by 11.3% in the second quarter. Gradient Investments LLC now owns 127,104 shares of the real estate investment trust’s stock valued at $4,315,000 after buying an additional 12,890 shares during the period. Capstone Asset Management Co. boosted its stake in Omega Healthcare Investors by 3.1% in the second quarter. Capstone Asset Management Co. now owns 14,803 shares of the real estate investment trust’s stock valued at $503,000 after buying an additional 450 shares during the period. Naples Global Advisors LLC boosted its stake in Omega Healthcare Investors by 3.5% in the second quarter. Naples Global Advisors LLC now owns 11,845 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 400 shares during the period. NN Investment Partners Holdings N.V. boosted its stake in Omega Healthcare Investors by 2.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 52,620 shares of the real estate investment trust’s stock valued at $1,786,000 after buying an additional 1,275 shares during the period. Finally, Creative Planning boosted its stake in Omega Healthcare Investors by 20.2% in the second quarter. Creative Planning now owns 21,012 shares of the real estate investment trust’s stock valued at $713,000 after buying an additional 3,534 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Inc. (NYSE:OHI) traded up 0.66% on Monday, hitting $29.11. The stock had a trading volume of 1,847,431 shares. Omega Healthcare Investors Inc. has a 52-week low of $26.96 and a 52-week high of $38.09. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 18.52 and a beta of 0.59. The company has a 50 day moving average price of $30.89 and a 200-day moving average price of $33.51.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Monday, October 31st. The real estate investment trust reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. Omega Healthcare Investors had a return on equity of 7.37% and a net margin of 34.53%. The business had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $186.35 million. During the same quarter last year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that Omega Healthcare Investors Inc. will post $3.38 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 8.38%. The ex-dividend date of this dividend was Thursday, October 27th. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.60. Omega Healthcare Investors’s payout ratio is presently 155.42%.

A number of research firms have weighed in on OHI. Thomas Weisel reissued a “buy” rating and issued a $35.85 target price on shares of Omega Healthcare Investors in a report on Monday, August 1st. JMP Securities downgraded Omega Healthcare Investors from an “outperform” rating to a “market perform” rating in a report on Thursday, August 18th. They noted that the move was a valuation call. SunTrust Banks Inc. increased their target price on Omega Healthcare Investors from $38.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research raised Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, August 9th. Finally, Vetr raised Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $35.84 target price on the stock in a report on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Omega Healthcare Investors presently has a consensus rating of “Buy” and an average target price of $36.59.

In related news, CEO C Taylor Pickett bought 21,800 shares of the stock in a transaction dated Friday, November 4th. The shares were purchased at an average price of $29.26 per share, for a total transaction of $637,868.00. Following the completion of the purchase, the chief executive officer now directly owns 276,261 shares of the company’s stock, valued at $8,083,396.86. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven J. Insoft sold 5,500 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $35.91, for a total value of $197,505.00. Following the completion of the sale, the insider now owns 419,081 shares in the company, valued at approximately $15,049,198.71. The disclosure for this sale can be found here. Company insiders own 4.54% of the company’s stock.

Omega Healthcare Investors Company Profile

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.

Related posts

Leave a Comment