Insider Selling: Omega Healthcare Investors, Inc. (NYSE:OHI) COO Sells 56,725 Shares of Stock

Omega Healthcare Investors, Inc. (NYSE:OHI) COO Daniel J. Booth sold 56,725 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $40.25, for a total value of $2,283,181.25. Following the completion of the transaction, the chief operating officer now owns 100,000 shares in the company, valued at $4,025,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Omega Healthcare Investors Trading Down 0.8 %

Shares of NYSE:OHI traded down $0.32 during trading on Tuesday, hitting $40.39. The company had a trading volume of 1,280,184 shares, compared to its average volume of 1,687,011. The stock has a market cap 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. 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 company has a fifty day simple moving average of $38.81 and a two-hundred day simple moving average of $34.40. Omega Healthcare Investors, Inc. has a one year low of $27.53 and a one year high of $41.53.

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

Omega Healthcare Investors Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OHI. Scotiabank lifted their target price 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. Mizuho downgraded shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $34.00 to $35.00 in a report on Thursday, July 25th. 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 report on Tuesday. Finally, Truist Financial upped their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Hold” and an average price target of $35.78.

Institutional Trading of Omega Healthcare Investors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OHI. Vanguard Group Inc. increased its stake in Omega Healthcare Investors by 0.5% in the first quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock worth $1,120,478,000 after purchasing an additional 165,105 shares during the period. Dimensional Fund Advisors LP increased its stake in Omega Healthcare Investors by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,732,390 shares of the real estate investment trust’s stock worth $127,831,000 after buying an additional 272,299 shares during the period. Centersquare Investment Management LLC lifted its holdings in 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 valued at $109,924,000 after buying an additional 960,997 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Omega Healthcare Investors by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,240,025 shares of the real estate investment trust’s stock valued at $110,971,000 after buying an additional 143,521 shares during the period. Finally, LSV Asset Management grew its stake in Omega Healthcare Investors by 0.7% in the 2nd quarter. LSV Asset Management now owns 1,968,200 shares of the real estate investment trust’s stock worth $67,411,000 after acquiring an additional 14,000 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

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.