Honeywell International Inc. reduced its position in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 26.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,230 shares of the real estate investment trust’s stock after selling 22,500 shares during the period. Honeywell International Inc.’s holdings in Omega Healthcare Investors were worth $2,250,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in Omega Healthcare Investors by 16.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 83,818 shares of the real estate investment trust’s stock valued at $2,946,000 after buying an additional 12,136 shares in the last quarter. Advisory Services Network LLC increased its position in Omega Healthcare Investors by 66.2% during the 4th quarter. Advisory Services Network LLC now owns 2,744 shares of the real estate investment trust’s stock valued at $96,000 after buying an additional 1,093 shares in the last quarter. Nordea Investment Management AB increased its position in Omega Healthcare Investors by 12.6% during the 4th quarter. Nordea Investment Management AB now owns 52,807 shares of the real estate investment trust’s stock valued at $1,857,000 after buying an additional 5,907 shares in the last quarter. Norges Bank bought a new position in Omega Healthcare Investors during the 4th quarter valued at approximately $46,751,000. Finally, Geode Capital Management LLC increased its holdings in shares of Omega Healthcare Investors by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 2,312,184 shares of the real estate investment trust’s stock worth $81,791,000 after purchasing an additional 171,333 shares in the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Omega Healthcare Investors currently has a consensus rating of “Hold” and an average price target of $37.67.
Omega Healthcare Investors stock opened at $36.58 on Friday. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 4.76 and a beta of 0.42. The business has a fifty day simple moving average of $37.11. Omega Healthcare Investors Inc has a 12 month low of $29.70 and a 12 month high of $40.30. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 1.16.
Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.37). The business had revenue of $188.20 million during the quarter, compared to the consensus estimate of $190.54 million. Omega Healthcare Investors had a return on equity of 7.02% and a net margin of 30.17%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. On average, research analysts expect that Omega Healthcare Investors Inc will post 2.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be paid a $0.66 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 7.22%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 86.84%.
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.
Further Reading: Market Capitalization and Individual Investors
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