Omega Healthcare Investors Inc (OHI) Position Lifted by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC increased its holdings in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 54.8% during the first quarter, Holdings Channel reports. The fund owned 731,379 shares of the real estate investment trust’s stock after acquiring an additional 258,849 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Omega Healthcare Investors were worth $27,902,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. JOYN Advisors Inc. grew its holdings in Omega Healthcare Investors by 58.4% in the 4th quarter. JOYN Advisors Inc. now owns 1,033 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 381 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in shares of Omega Healthcare Investors during the 1st quarter worth $38,000. Spirit of America Management Corp NY acquired a new stake in shares of Omega Healthcare Investors during the 1st quarter worth $38,000. Reilly Financial Advisors LLC grew its holdings in shares of Omega Healthcare Investors by 68.1% during the 1st quarter. Reilly Financial Advisors LLC now owns 992 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 402 shares in the last quarter. Finally, Washington Trust Bank grew its holdings in shares of Omega Healthcare Investors by 684.9% during the 1st quarter. Washington Trust Bank now owns 1,146 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,000 shares in the last quarter. 69.31% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Robert O. Stephenson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Following the completion of the sale, the chief financial officer now owns 233,326 shares of the company’s stock, valued at $8,633,062. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Taylor Pickett sold 22,788 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $38.04, for a total value of $866,855.52. Following the sale, the chief executive officer now directly owns 329,133 shares of the company’s stock, valued at approximately $12,520,219.32. The disclosure for this sale can be found here. Insiders have sold 75,788 shares of company stock valued at $2,810,176 over the last 90 days. 1.65% of the stock is owned by corporate insiders.
Shares of OHI opened at $35.62 on Monday. Omega Healthcare Investors Inc has a 1 year low of $28.65 and a 1 year high of $40.30. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 1.16. The stock has a market cap of $7.37 billion, a PE ratio of 11.72, a P/E/G ratio of 4.68 and a beta of 0.41.
Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.37). Omega Healthcare Investors had a return on equity of 7.02% and a net margin of 30.17%. The company had revenue of $188.20 million for the quarter, compared to the consensus estimate of $190.54 million. During the same quarter last year, the business earned $0.78 earnings per share. Omega Healthcare Investors’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts anticipate that Omega Healthcare Investors Inc will post 2.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.66 per share. The ex-dividend date was Monday, April 29th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 7.41%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 86.84%.
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About Omega Healthcare Investors
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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