World Asset Management Inc increased its holdings in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,148 shares of the real estate investment trust’s stock after purchasing an additional 630 shares during the quarter. World Asset Management Inc’s holdings in Omega Healthcare Investors were worth $483,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of OHI. Harvest Group Wealth Management LLC purchased a new position in Omega Healthcare Investors during the 1st quarter valued at about $114,000. State of Tennessee Treasury Department boosted its holdings in Omega Healthcare Investors by 18.2% during 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 acquiring an additional 30,000 shares during the period. Harvest Investment Services LLC purchased a new position in Omega Healthcare Investors during the 1st quarter valued at about $253,000. Private Advisor Group LLC boosted its holdings in Omega Healthcare Investors by 16.1% during the 1st quarter. Private Advisor Group LLC now owns 52,791 shares of the real estate investment trust’s stock valued at $1,994,000 after acquiring an additional 7,335 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in Omega Healthcare Investors by 1.0% during 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 acquiring an additional 1,300 shares during the period. 69.27% of the stock is owned by hedge funds and other institutional investors.
Omega Healthcare Investors stock traded up $0.29 during midday trading on Friday, reaching $36.58. 786,417 shares of the stock traded hands, compared to its average volume of 1,362,675. The business has a 50-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 firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 4.76 and a beta of 0.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.86 and a current ratio of 2.86.
The business also recently disclosed 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. This represents a $2.64 annualized dividend and a dividend yield of 7.22%. The ex-dividend date of this dividend is Tuesday, July 30th. Omega Healthcare Investors’s payout ratio is presently 86.84%.
Separately, Zacks Investment Research upgraded 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.67.
In other news, CFO Robert O. Stephenson sold 10,000 shares of Omega Healthcare Investors stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $38.00, for a total value of $380,000.00. Following the completion of the transaction, the chief financial officer now owns 223,326 shares in the company, valued at approximately $8,486,388. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Taylor Pickett sold 30,000 shares of Omega Healthcare Investors stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $38.00, for a total value of $1,140,000.00. Following the completion of the transaction, the chief executive officer now owns 299,133 shares of the company’s stock, valued at approximately $11,367,054. The disclosure for this sale can be found here. Insiders sold a total of 85,500 shares of company stock valued at $3,239,000 in the last quarter. Company insiders own 1.16% 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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