Insider Selling: Omega Healthcare Investors, Inc. (NYSE:OHI) COO Sells 56,725 Shares of Stock

Omega Healthcare Investors, Inc. (NYSE:OHI) COO Daniel J. Booth sold 56,725 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $40.25, for a total value of $2,283,181.25. Following the sale, the chief operating officer now directly owns 100,000 shares in the company, valued at $4,025,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Omega Healthcare Investors Trading Down 0.2 %

Shares of NYSE:OHI opened at $39.98 on Friday. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 1.30 and a beta of 1.00. The business’s 50 day moving average price is $39.04 and its 200-day moving average price is $34.55. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.79 and a quick ratio of 5.79. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $41.53.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.20). The company had revenue of $252.70 million for the quarter, compared to analysts’ expectations of $205.92 million. Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 earnings per share. On average, equities research analysts forecast that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.70%. The ex-dividend date was Monday, August 5th. Omega Healthcare Investors’s payout ratio is 241.44%.

Analyst Upgrades and Downgrades

Several research firms recently commented on OHI. Mizuho lowered Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $34.00 to $35.00 in a report on Thursday, July 25th. Scotiabank upped their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $43.00 target price (up from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday. Finally, Truist Financial increased their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.00.

Institutional Investors Weigh In On Omega Healthcare Investors

Large investors have recently bought and sold shares of the company. Centersquare Investment Management LLC increased its position in shares of Omega Healthcare Investors by 36.6% during the fourth quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock worth $109,924,000 after purchasing an additional 960,997 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Omega Healthcare Investors by 1,030.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 945,523 shares of the real estate investment trust’s stock worth $32,384,000 after purchasing an additional 861,907 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Omega Healthcare Investors during the second quarter worth $20,962,000. BROOKFIELD Corp ON acquired a new stake in shares of Omega Healthcare Investors in the first quarter valued at about $16,446,000. Finally, Verition Fund Management LLC lifted its stake in shares of Omega Healthcare Investors by 5,224.5% in the fourth quarter. Verition Fund Management LLC now owns 524,201 shares of the real estate investment trust’s stock worth $16,072,000 after buying an additional 514,356 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

About Omega Healthcare Investors

Omega is a REIT 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 U.S., as well as in the U.K.