Private Advisor Group LLC boosted its stake in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,100 shares of the real estate investment trust’s stock after purchasing an additional 4,309 shares during the period. Private Advisor Group LLC’s holdings in Omega Healthcare Investors were worth $2,078,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Krane Funds Advisors LLC bought a new position in Omega Healthcare Investors in the second quarter worth approximately $25,000. Coastal Investment Advisors Inc. raised its position in Omega Healthcare Investors by 148.4% in the second quarter. Coastal Investment Advisors Inc. now owns 683 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 408 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in Omega Healthcare Investors in the second quarter worth approximately $31,000. Kavar Capital Partners LLC bought a new position in Omega Healthcare Investors in the second quarter worth approximately $33,000. Finally, Avestar Capital LLC raised its position in 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 acquiring an additional 498 shares during the period. Institutional investors own 69.85% of the company’s stock.

OHI has been the topic of several recent research reports. Wells Fargo & Co increased their price target on shares of Omega Healthcare Investors from $36.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Zacks Investment Research downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Raymond James increased their price target on shares of Omega Healthcare Investors from $42.00 to $44.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 12th. Finally, Berenberg Bank initiated coverage on shares of Omega Healthcare Investors in a research report on Thursday, September 12th. They issued a “buy” rating and a $47.00 price target on the stock. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Omega Healthcare Investors presently has a consensus rating of “Hold” and an average price target of $40.04.

In other news, insider Michael Ritz sold 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $40.50, for a total transaction of $202,500.00. Following the sale, the insider now directly owns 10,485 shares in the company, valued at approximately $424,642.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Taylor Pickett sold 30,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $38.00, for a total transaction of $1,140,000.00. Following the sale, the chief executive officer now owns 269,133 shares in the company, valued at $10,227,054. The disclosure for this sale can be found here. Insiders have sold a total of 78,500 shares of company stock worth $3,066,300 over the last 90 days. Insiders own 1.16% of the company’s stock.

Shares of OHI stock traded down $0.23 on Friday, hitting $40.95. 2,222,776 shares of the stock traded hands, compared to its average volume of 1,655,789. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 5.45 and a beta of 0.37. Omega Healthcare Investors Inc has a 52 week low of $31.69 and a 52 week high of $41.67. The firm has a 50 day simple moving average of $39.61 and a two-hundred day simple moving average of $37.39. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.78 and a quick ratio of 2.78.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.39). The firm had revenue of $191.81 million for the quarter, compared to the consensus estimate of $190.46 million. Omega Healthcare Investors had a net margin of 29.38% and a return on equity of 6.79%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. Sell-side analysts forecast that Omega Healthcare Investors Inc will post 2.96 EPS for the current year.

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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