Cedar Capital LLC Sells 8,907 Shares of Omega Healthcare Investors Inc (OHI)
Cedar Capital LLC trimmed its position in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 16.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46,357 shares of the real estate investment trust’s stock after selling 8,907 shares during the quarter. Cedar Capital LLC’s holdings in Omega Healthcare Investors were worth $1,277,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in OHI. WealthTrust Axiom LLC increased its stake in Omega Healthcare Investors by 12.1% in the fourth quarter. WealthTrust Axiom LLC now owns 18,500 shares of the real estate investment trust’s stock valued at $509,000 after purchasing an additional 2,000 shares during the last quarter. Kovack Advisors Inc. purchased a new position in Omega Healthcare Investors in the fourth quarter valued at approximately $219,000. Armor Investment Advisors LLC increased its stake in Omega Healthcare Investors by 25.9% in the fourth quarter. Armor Investment Advisors LLC now owns 10,200 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 2,100 shares during the last quarter. LSV Asset Management increased its stake in Omega Healthcare Investors by 106.1% in the fourth quarter. LSV Asset Management now owns 4,006,633 shares of the real estate investment trust’s stock valued at $110,342,000 after purchasing an additional 2,062,428 shares during the last quarter. Finally, Reik & CO. LLC increased its stake in Omega Healthcare Investors by 17.7% in the fourth quarter. Reik & CO. LLC now owns 16,657 shares of the real estate investment trust’s stock valued at $459,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.
In other Omega Healthcare Investors news, Director Bernard J. Korman bought 100,000 shares of Omega Healthcare Investors stock in a transaction on Friday, December 22nd. The stock was bought at an average price of $26.89 per share, with a total value of $2,689,000.00. Following the completion of the acquisition, the director now owns 896,895 shares in the company, valued at $24,117,506.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.54% of the stock is owned by company insiders.
Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.67) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($1.50). Omega Healthcare Investors had a return on equity of 3.92% and a net margin of 17.61%. The company had revenue of $219.64 million for the quarter, compared to analyst estimates of $226.89 million. research analysts expect that Omega Healthcare Investors Inc will post 3.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, January 30th. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a dividend yield of 10.01%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 347.37%.
Several equities analysts have commented on the stock. Capital One Financial assumed coverage on shares of Omega Healthcare Investors in a research note on Monday, October 23rd. They issued an “equal weight” rating and a $34.00 price target on the stock. Vetr lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $33.33 price target on the stock. in a research note on Thursday, October 19th. Stifel Nicolaus lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and dropped their price target for the company from $35.00 to $29.00 in a research note on Tuesday, October 31st. SunTrust Banks restated a “hold” rating and set a $30.00 target price on shares of Omega Healthcare Investors in a research report on Wednesday, November 1st. Finally, Hilliard Lyons lowered shares of Omega Healthcare Investors to a “buy” rating in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $31.85.
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Omega Healthcare Investors 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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