First Manhattan Co. reduced its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 66.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,039 shares of the real estate investment trust’s stock after selling 16,000 shares during the period. First Manhattan Co.’s holdings in Omega Healthcare Investors were worth $265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its position in Omega Healthcare Investors by 2.2% in the fourth quarter. Macquarie Group Ltd. now owns 54,630 shares of the real estate investment trust’s stock valued at $1,707,000 after buying an additional 1,150 shares during the last quarter. Creative Planning boosted its position in shares of Omega Healthcare Investors by 5.9% in the first quarter. Creative Planning now owns 24,861 shares of the real estate investment trust’s stock worth $820,000 after buying an additional 1,387 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Omega Healthcare Investors by 33.8% in the first quarter. Bank of Montreal Can now owns 119,848 shares of the real estate investment trust’s stock worth $3,954,000 after buying an additional 30,298 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of Omega Healthcare Investors by 5.3% in the first quarter. Capstone Asset Management Co. now owns 18,503 shares of the real estate investment trust’s stock worth $610,000 after buying an additional 930 shares in the last quarter. Finally, Bremer Trust National Association boosted its position in shares of Omega Healthcare Investors by 58.0% in the first quarter. Bremer Trust National Association now owns 18,724 shares of the real estate investment trust’s stock worth $618,000 after buying an additional 6,877 shares in the last quarter. Hedge funds and other institutional investors own 73.62% of the company’s stock.

Omega Healthcare Investors, Inc. (NYSE OHI) opened at 30.14 on Friday. The stock has a 50 day moving average price of $32.63 and a 200-day moving average price of $32.57. Omega Healthcare Investors, Inc. has a 12 month low of $28.11 and a 12 month high of $38.09. The stock has a market cap of $5.94 billion, a PE ratio of 15.91 and a beta of 0.50.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.16. Omega Healthcare Investors had a return on equity of 8.88% and a net margin of 40.20%. The firm had revenue of $194 million during the quarter, compared to the consensus estimate of $194.59 million. During the same period in the prior year, the firm posted $0.87 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts expect that Omega Healthcare Investors, Inc. will post $1.82 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 8.49%. The ex-dividend date is Friday, July 28th. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.63. Omega Healthcare Investors’s payout ratio is currently 135.45%.

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A number of research analysts have recently weighed in on OHI shares. Zacks Investment Research cut Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Vetr cut Omega Healthcare Investors from a “hold” rating to a “sell” rating and set a $32.50 price target for the company. in a research report on Monday, April 17th. Jefferies Group LLC restated a “hold” rating and issued a $33.00 price target on shares of Omega Healthcare Investors in a research report on Friday, May 12th. Finally, BidaskClub upgraded Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.38.

In other news, CFO Robert O. Stephenson sold 23,000 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $34.58, for a total value of $795,340.00. Following the sale, the chief financial officer now owns 68,978 shares of the company’s stock, valued at approximately $2,385,259.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Daniel J. Booth sold 20,000 shares of the business’s stock in a transaction on Monday, June 26th. The stock was 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 approximately $3,130,107.75. The disclosure for this sale can be found here. 4.54% of the stock is currently owned by 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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