Deutsche Bank AG grew its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 362.2% in the first quarter, Holdings Channel reports. The institutional investor owned 1,070,805 shares of the real estate investment trust’s stock after purchasing an additional 839,111 shares during the period. Deutsche Bank AG’s holdings in Omega Healthcare Investors were worth $40,776,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Omega Healthcare Investors by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 39,554,886 shares of the real estate investment trust’s stock worth $1,506,250,000 after acquiring an additional 1,492,904 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Omega Healthcare Investors by 2.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,100,891 shares of the real estate investment trust’s stock valued at $156,162,000 after purchasing an additional 114,665 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Omega Healthcare Investors by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,892,553 shares of the real estate investment trust’s stock worth $147,331,000 after purchasing an additional 111,474 shares in the last quarter. Northern Trust Corp lifted its position in shares of Omega Healthcare Investors by 49.4% during the 4th quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust’s stock worth $123,951,000 after buying an additional 1,083,326 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Omega Healthcare Investors by 6.4% in the 1st quarter. Bank of New York Mellon Corp now owns 3,123,152 shares of the real estate investment trust’s stock valued at $118,930,000 after buying an additional 188,481 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Omega Healthcare Investors
In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $40.16, for a total value of $100,400.00. Following the transaction, the director directly owned 18,654 shares of the company’s stock, valued at approximately $749,144.64. The trade was a 11.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.
Omega Healthcare Investors Price Performance
Omega Healthcare Investors (NYSE:OHI – Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.32. The firm had revenue of $235.60 million for the quarter, compared to analysts’ expectations of $248.49 million. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. On average, analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.
Omega Healthcare Investors Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Monday, August 4th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.68 annualized dividend and a dividend yield of 6.6%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 165.43%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on OHI shares. Royal Bank Of Canada lifted their price target on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $41.00 in a research report on Monday, July 14th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.00.
About Omega Healthcare Investors
Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.
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