Eversept Partners LP Takes $1.52 Million Position in Omega Healthcare Investors Inc (NYSE:OHI)
Eversept Partners LP purchased a new stake in Omega Healthcare Investors Inc (NYSE:OHI) in the 2nd quarter, Holdings Channel reports. The fund purchased 41,400 shares of the real estate investment trust’s stock, valued at approximately $1,521,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its holdings in Omega Healthcare Investors by 2.5% in the second quarter. BlackRock Inc. now owns 24,907,576 shares of the real estate investment trust’s stock valued at $915,351,000 after buying an additional 600,319 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Omega Healthcare Investors by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 5,048,815 shares of the real estate investment trust’s stock worth $185,543,000 after buying an additional 98,805 shares during the period. Federated Investors Inc. PA boosted its position in shares of Omega Healthcare Investors by 7.6% during the first quarter. Federated Investors Inc. PA now owns 3,460,637 shares of the real estate investment trust’s stock worth $132,023,000 after buying an additional 243,272 shares during the period. Northern Trust Corp boosted its position in shares of Omega Healthcare Investors by 4.6% during the second quarter. Northern Trust Corp now owns 2,667,024 shares of the real estate investment trust’s stock worth $98,013,000 after buying an additional 116,827 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Omega Healthcare Investors by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 2,312,184 shares of the real estate investment trust’s stock worth $81,791,000 after buying an additional 171,333 shares during the period. 69.94% of the stock is owned by institutional investors and hedge funds.
In other news, insider Michael Ritz sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $40.50, for a total transaction of $202,500.00. Following the completion of the sale, the insider now 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 is available through this hyperlink. Also, COO Daniel J. Booth sold 20,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $40.24, for a total value of $804,800.00. Following the sale, the chief operating officer now owns 178,241 shares of the company’s stock, valued at approximately $7,172,417.84. The disclosure for this sale can be found here. Insiders sold 118,500 shares of company stock valued at $4,586,300 over the last 90 days. 1.16% of the stock is currently owned by insiders.
OHI traded up $0.34 during trading on Friday, reaching $41.50. The stock had a trading volume of 2,132 shares, compared to its average volume of 1,877,067. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 5.33 and a beta of 0.37. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 1.17. Omega Healthcare Investors Inc has a 1-year low of $31.69 and a 1-year high of $41.67. The stock has a 50 day moving average of $38.95 and a two-hundred day moving average of $37.18.
Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.39). The firm had revenue of $191.81 million during the quarter, compared to analyst estimates of $190.46 million. Omega Healthcare Investors had a return on equity of 6.79% and a net margin of 29.38%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. On average, research analysts forecast that Omega Healthcare Investors Inc will post 2.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $2.64 dividend on an annualized basis and a yield of 6.36%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 86.84%.
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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