Omega Healthcare Investors Inc (NYSE:OHI) CEO C Taylor Pickett Sells 30,000 Shares

Omega Healthcare Investors Inc (NYSE:OHI) 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 transaction of $1,140,000.00. Following the transaction, the chief executive officer now owns 299,133 shares in the company, valued at $11,367,054. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

C Taylor Pickett also recently made the following trade(s):

  • On Monday, April 1st, C Taylor Pickett sold 22,788 shares of Omega Healthcare Investors stock. The stock was sold at an average price of $38.04, for a total transaction of $866,855.52.

NYSE:OHI opened at $38.05 on Monday. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 5.00 and a beta of 0.42. Omega Healthcare Investors Inc has a 1-year low of $28.65 and a 1-year high of $40.30.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.37). The firm had revenue of $188.20 million during the quarter, compared to analyst estimates of $190.54 million. Omega Healthcare Investors had a net margin of 30.17% and a return on equity of 7.02%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Equities analysts expect that Omega Healthcare Investors Inc will post 2.98 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. ValuEngine lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Omega Healthcare Investors presently has a consensus rating of “Hold” and an average price target of $37.05.

Large investors have recently bought and sold shares of the business. Harvest Group Wealth Management LLC acquired a new position in Omega Healthcare Investors in the 1st quarter valued at about $114,000. State of Tennessee Treasury Department boosted its holdings in Omega Healthcare Investors by 18.2% in the 1st quarter. State of Tennessee Treasury Department now owns 194,980 shares of the real estate investment trust’s stock valued at $7,438,000 after purchasing an additional 30,000 shares during the last quarter. Harvest Investment Services LLC acquired a new position in Omega Healthcare Investors in the 1st quarter valued at about $253,000. Great West Life Assurance Co. Can boosted its holdings in Omega Healthcare Investors by 1.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 137,750 shares of the real estate investment trust’s stock valued at $5,251,000 after purchasing an additional 1,300 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its holdings in Omega Healthcare Investors by 1.8% in the 1st quarter. State Treasurer State of Michigan now owns 72,800 shares of the real estate investment trust’s stock valued at $2,777,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

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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Insider Buying and Selling by Quarter for Omega Healthcare Investors (NYSE:OHI)

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