Zacks Investment Management raised its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 3.2% during the third quarter, Holdings Channel reports. The firm owned 38,372 shares of the real estate investment trust’s stock after buying an additional 1,196 shares during the period. Zacks Investment Management’s holdings in Omega Healthcare Investors were worth $1,360,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. BlackRock Fund Advisors increased its position in shares of Omega Healthcare Investors by 17.5% in the third quarter. BlackRock Fund Advisors now owns 8,348,043 shares of the real estate investment trust’s stock worth $295,938,000 after buying an additional 1,243,370 shares during the last quarter. Shinko Asset Management Co. Ltd. increased its position in shares of Omega Healthcare Investors by 17.6% in the third quarter. Shinko Asset Management Co. Ltd. now owns 5,454,868 shares of the real estate investment trust’s stock worth $193,375,000 after buying an additional 818,229 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Omega Healthcare Investors by 815.9% in the second quarter. Nuveen Asset Management LLC now owns 917,211 shares of the real estate investment trust’s stock worth $31,139,000 after buying an additional 817,070 shares during the last quarter. Morgan Stanley increased its position in shares of Omega Healthcare Investors by 17.0% in the third quarter. Morgan Stanley now owns 5,358,402 shares of the real estate investment trust’s stock worth $189,955,000 after buying an additional 780,102 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Omega Healthcare Investors by 8.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 7,103,006 shares of the real estate investment trust’s stock worth $251,802,000 after buying an additional 567,455 shares during the last quarter. Institutional investors and hedge funds own 82.72% of the company’s stock.

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

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) traded down 0.22% during midday trading on Friday, hitting $32.46. 902,395 shares of the stock were exchanged. Omega Healthcare Investors, Inc. has a 12-month low of $26.96 and a 12-month high of $38.09. The company has a market cap of $6.33 billion, a PE ratio of 20.45 and a beta of 0.54. The firm has a 50-day moving average price of $30.73 and a 200-day moving average price of $33.18.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Monday, October 31st. The real estate investment trust reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.04. The firm had revenue of $224.60 million for the quarter, compared to analyst estimates of $186.35 million. Omega Healthcare Investors had a net margin of 34.53% and a return on equity of 7.37%. Omega Healthcare Investors’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 earnings per share. On average, equities analysts predict that Omega Healthcare Investors, Inc. will post $1.72 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 7.64%. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.61. The ex-dividend date is Friday, January 27th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 155.42%.

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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Tuesday. TheStreet cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Friday, November 25th. Finally, Jefferies Group set a $35.00 price target on shares of Omega Healthcare Investors and gave the company a “buy” rating in a research report on Friday, November 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Omega Healthcare Investors presently has an average rating of “Hold” and an average target price of $36.81.

In other news, CEO C Taylor Pickett purchased 21,800 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was acquired at an average cost of $29.26 per share, with a total value of $637,868.00. Following the acquisition, the chief executive officer now owns 276,261 shares in the company, valued at $8,083,396.86. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Bernard J. Korman purchased 100,000 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were purchased at an average cost of $29.29 per share, with a total value of $2,929,000.00. Following the completion of the acquisition, the director now owns 774,685 shares in the company, valued at approximately $22,690,523.65. The disclosure for this purchase can be found here. Corporate insiders own 4.54% of the company’s stock.

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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