Legal & General Group Plc increased its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 17.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 624,506 shares of the real estate investment trust’s stock after buying an additional 94,347 shares during the period. Legal & General Group Plc owned about 0.32% of Omega Healthcare Investors worth $20,621,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Omega Healthcare Investors by 4.6% in the first quarter. Vanguard Group Inc. now owns 31,762,511 shares of the real estate investment trust’s stock valued at $1,047,845,000 after buying an additional 1,397,206 shares during the period. BlackRock Inc. boosted its position in Omega Healthcare Investors by 4,872.8% in the first quarter. BlackRock Inc. now owns 19,889,913 shares of the real estate investment trust’s stock valued at $656,169,000 after buying an additional 19,489,938 shares during the period. State Street Corp boosted its position in Omega Healthcare Investors by 2.5% in the first quarter. State Street Corp now owns 6,020,950 shares of the real estate investment trust’s stock valued at $198,623,000 after buying an additional 147,637 shares during the period. Bank of New York Mellon Corp boosted its position in Omega Healthcare Investors by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 4,072,873 shares of the real estate investment trust’s stock valued at $134,365,000 after buying an additional 67,809 shares during the period. Finally, Morgan Stanley boosted its position in Omega Healthcare Investors by 1.6% in the first quarter. Morgan Stanley now owns 3,687,995 shares of the real estate investment trust’s stock valued at $121,667,000 after buying an additional 59,077 shares during the period. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors, Inc. (NYSE OHI) opened at 32.30 on Friday. The company has a 50-day moving average price of $31.76 and a 200 day moving average price of $32.47. Omega Healthcare Investors, Inc. has a 52-week low of $28.11 and a 52-week high of $38.09. The company has a market capitalization of $6.37 billion, a PE ratio of 17.04 and a beta of 0.51.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.16. The firm had revenue of $194 million during the quarter, compared to analyst estimates of $194.59 million. Omega Healthcare Investors had a net margin of 40.20% and a return on equity of 8.88%. Omega Healthcare Investors’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.87 earnings per share. Equities research analysts anticipate that Omega Healthcare Investors, Inc. will post $1.77 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 7.93%. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.63. The ex-dividend date was Friday, July 28th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 135.45%.

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Several research firms recently issued reports on OHI. BidaskClub raised Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research cut Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Omega Healthcare Investors in a research report on Friday, May 12th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $34.38.

In other Omega Healthcare Investors news, COO Daniel J. Booth sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $34.65, for a total value of $693,000.00. Following the completion of the sale, the chief operating officer now directly owns 90,335 shares in the company, valued at $3,130,107.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Robert O. Stephenson sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $34.58, for a total transaction of $795,340.00. Following the completion of the sale, the chief financial officer now owns 68,978 shares of the company’s stock, valued at $2,385,259.24. The disclosure for this sale can be found here. 4.54% of the stock is owned by company insiders.

About Omega Healthcare Investors

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

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