Omega Healthcare Investors Inc (OHI) Stake Boosted by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC raised its position in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 0.8% during the first quarter, Holdings Channel reports. The institutional investor owned 33,905 shares of the real estate investment trust’s stock after buying an additional 274 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Omega Healthcare Investors were worth $1,119,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of OHI. Wade G W & Inc. raised its position in Omega Healthcare Investors by 0.6% in the third quarter. Wade G W & Inc. now owns 7,549 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 44 shares in the last quarter. Renaissance Group LLC raised its position in Omega Healthcare Investors by 0.5% in the fourth quarter. Renaissance Group LLC now owns 10,727 shares of the real estate investment trust’s stock worth $335,000 after buying an additional 56 shares in the last quarter. Private Trust Co. NA raised its position in Omega Healthcare Investors by 0.7% in the first quarter. Private Trust Co. NA now owns 19,251 shares of the real estate investment trust’s stock worth $635,000 after buying an additional 128 shares in the last quarter. Bruni J V & Co. Co. raised its position in Omega Healthcare Investors by 1.0% in the third quarter. Bruni J V & Co. Co. now owns 13,910 shares of the real estate investment trust’s stock worth $493,000 after buying an additional 140 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Omega Healthcare Investors by 1.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,891 shares of the real estate investment trust’s stock worth $903,000 after buying an additional 278 shares in the last quarter. Institutional investors own 78.78% of the company’s stock.

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

Omega Healthcare Investors Inc (NYSE:OHI) traded up 0.30% on Friday, reaching $33.51. 1,694,220 shares of the company’s stock were exchanged. Omega Healthcare Investors Inc has a 1-year low of $28.11 and a 1-year high of $38.09. The stock’s 50 day moving average price is $33.44 and its 200 day moving average price is $31.72. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 15.71 and a beta of 0.51.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. The company had revenue of $231.74 million for the quarter, compared to analysts’ expectations of $197.55 million. Omega Healthcare Investors had a net margin of 40.67% and a return on equity of 8.86%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. On average, analysts expect that Omega Healthcare Investors Inc will post $2.00 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.54%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, April 27th. Omega Healthcare Investors’s dividend payout ratio is 131.22%.

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A number of research analysts have commented on the stock. Zacks Investment Research lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Group LLC restated a “hold” rating and issued a $33.00 price objective on shares of Omega Healthcare Investors in a research note on Friday, May 12th. Vetr lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $34.12 price objective on the stock. in a research note on Wednesday, March 29th. Finally, SunTrust Banks, Inc. lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Wednesday, February 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.67.

In other Omega Healthcare Investors news, insider Steven J. Insoft sold 12,500 shares of the stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $30.93, for a total transaction of $386,625.00. Following the sale, the insider now directly owns 411,576 shares of the company’s stock, valued at $12,730,045.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven J. Insoft sold 87,500 shares of the stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of $34.00, for a total transaction of $2,975,000.00. Following the sale, the insider now directly owns 324,076 shares in the company, valued at $11,018,584. The disclosure for this sale can be found here. 4.54% of the stock is currently owned by corporate insiders.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.

5 Day Chart for NYSE:OHI

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