Steward Partners Investment Advisory LLC Grows Stock Holdings in Omega Healthcare Investors Inc (NYSE:OHI)

Steward Partners Investment Advisory LLC raised its position in Omega Healthcare Investors Inc (NYSE:OHI) by 122.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,723 shares of the real estate investment trust’s stock after acquiring an additional 2,600 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Omega Healthcare Investors were worth $197,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. KBC Group NV boosted its stake in shares of Omega Healthcare Investors by 22.1% during the 2nd quarter. KBC Group NV now owns 20,511 shares of the real estate investment trust’s stock valued at $754,000 after purchasing an additional 3,709 shares in the last quarter. Swiss National Bank boosted its stake in shares of Omega Healthcare Investors by 9.1% during the 2nd quarter. Swiss National Bank now owns 399,058 shares of the real estate investment trust’s stock valued at $14,665,000 after purchasing an additional 33,300 shares in the last quarter. We Are One Seven LLC boosted its stake in shares of Omega Healthcare Investors by 3.6% during the 3rd quarter. We Are One Seven LLC now owns 10,320 shares of the real estate investment trust’s stock valued at $431,000 after purchasing an additional 360 shares in the last quarter. Wealthsource Partners LLC boosted its stake in shares of Omega Healthcare Investors by 4.9% during the 2nd quarter. Wealthsource Partners LLC now owns 10,421 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 486 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its stake in shares of Omega Healthcare Investors by 9.8% during the 2nd quarter. Moors & Cabot Inc. now owns 7,315 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 653 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

A number of equities research analysts have recently weighed in on OHI shares. Berenberg Bank initiated coverage on shares of Omega Healthcare Investors in a research note on Thursday, September 12th. They set a “buy” rating and a $47.00 target price on the stock. Wells Fargo & Co boosted their price objective on shares of Omega Healthcare Investors from $36.00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Zacks Investment Research lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Wednesday. Raymond James lowered shares of Omega Healthcare Investors from a “strong-buy” rating to a “market perform” rating in a research note on Monday, October 21st. Finally, Bank of America reissued a “buy” rating and set a $44.50 price objective on shares of Omega Healthcare Investors in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $41.98.

In other news, CFO Robert O. Stephenson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $39.00, for a total value of $390,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Daniel J. Booth sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $40.24, for a total transaction of $804,800.00. Following the completion of the transaction, the chief operating officer now owns 178,241 shares in the company, valued at approximately $7,172,417.84. The disclosure for this sale can be found here. Insiders have sold 45,500 shares of company stock worth $1,822,300 in the last three months. 1.16% of the stock is currently owned by insiders.

NYSE:OHI opened at $41.07 on Friday. Omega Healthcare Investors Inc has a one year low of $33.39 and a one year high of $45.01. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.78 and a quick ratio of 2.78. The company’s 50-day simple moving average is $42.82 and its 200 day simple moving average is $38.90. The firm has a market capitalization of $9.25 billion, a P/E ratio of 13.51, a PEG ratio of 5.76 and a beta of 0.33.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.63 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.10). Omega Healthcare Investors had a return on equity of 8.87% and a net margin of 38.12%. The business had revenue of $199.00 million for the quarter, compared to the consensus estimate of $194.26 million. During the same period in the previous year, the firm earned $0.77 EPS. The company’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts expect that Omega Healthcare Investors Inc will post 2.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, October 30th. This represents a $2.68 annualized dividend and a yield of 6.53%. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.66. Omega Healthcare Investors’s payout ratio is presently 88.16%.

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: What are the economic characteristics of a bear market?

Want to see what other hedge funds are holding OHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omega Healthcare Investors Inc (NYSE:OHI).

Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.