LPL Financial LLC decreased its holdings in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,784 shares of the real estate investment trust’s stock after selling 4,713 shares during the quarter. LPL Financial LLC owned about 0.06% of Omega Healthcare Investors worth $4,549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OHI. Coastal Investment Advisors Inc. grew its position in Omega Healthcare Investors by 148.4% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 683 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 408 shares during the period. Kavar Capital Partners LLC bought a new position in shares of Omega Healthcare Investors in the second quarter worth about $33,000. Avestar Capital LLC raised its stake in shares of Omega Healthcare Investors by 63.2% in the first quarter. Avestar Capital LLC now owns 1,286 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 498 shares during the period. Gradient Investments LLC lifted its position in shares of Omega Healthcare Investors by 54.5% during the 2nd quarter. Gradient Investments LLC now owns 1,326 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 468 shares in the last quarter. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Omega Healthcare Investors during the 2nd quarter valued at about $74,000. 69.94% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Robert O. Stephenson sold 10,000 shares of Omega Healthcare Investors stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $38.00, for a total transaction of $380,000.00. Following the completion of the sale, the chief financial officer now owns 223,326 shares of the company’s stock, valued at $8,486,388. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Taylor Pickett sold 30,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $38.00, for a total value of $1,140,000.00. Following the transaction, the chief executive officer now owns 299,133 shares of the company’s stock, valued at $11,367,054. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,500 shares of company stock valued at $4,586,300. 1.16% of the stock is owned by corporate insiders.

Several research firms recently issued reports on OHI. Zacks Investment Research lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Wells Fargo & Co lifted their price target on shares of Omega Healthcare Investors from $36.00 to $40.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Finally, Raymond James upgraded shares of Omega Healthcare Investors from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $40.00 to $42.00 in a research report on Thursday, August 8th. Seven analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Omega Healthcare Investors has a consensus rating of “Hold” and a consensus target price of $38.92.

Shares of NYSE:OHI traded up $0.12 on Wednesday, reaching $40.30. 24,481 shares of the company traded hands, compared to its average volume of 1,761,901. The stock has a market capitalization of $8.96 billion, a PE ratio of 13.27, a P/E/G ratio of 5.49 and a beta of 0.37. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.78 and a quick ratio of 2.78. The company’s 50 day moving average is $38.88 and its 200-day moving average is $37.16. Omega Healthcare Investors Inc has a fifty-two week low of $31.69 and a fifty-two week high of $41.67.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.39). Omega Healthcare Investors had a return on equity of 6.79% and a net margin of 29.38%. The company had revenue of $191.81 million during the quarter, compared to analyst estimates of $190.46 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. As a group, analysts expect that Omega Healthcare Investors Inc will post 2.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a dividend of $0.66 per share. The ex-dividend date was Tuesday, July 30th. This represents a $2.64 annualized dividend and a yield of 6.55%. Omega Healthcare Investors’s dividend payout ratio is currently 86.84%.

Omega Healthcare Investors Company Profile

Omega is a real estate investment trust 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 US, as well as in the UK.

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

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