Entropy Technologies LP Takes Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Key Points

• Entropy Technologies LP has made a new investment of approximately $1.4 million in Omega Healthcare Investors, purchasing 36,656 shares in the first quarter.
• The company recently reported an EPS of $0.77 for the last quarter, exceeding analyst estimates by $0.32, while revenue increased by 11.8% year-over-year.
• Omega Healthcare Investors announced a quarterly dividend of $0.67 per share, representing an annualized yield of 6.7%.

Entropy Technologies LP acquired a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 36,656 shares of the real estate investment trust's stock, valued at approximately $1,396,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PFG Investments LLC raised its position in shares of Omega Healthcare Investors by 20.4% during the 1st quarter. PFG Investments LLC now owns 70,762 shares of the real estate investment trust's stock valued at $2,695,000 after buying an additional 11,970 shares in the last quarter. Columbus Macro LLC purchased a new stake in shares of Omega Healthcare Investors during the 1st quarter valued at $6,353,000. GAMMA Investing LLC raised its position in shares of Omega Healthcare Investors by 4,248.2% during the 1st quarter. GAMMA Investing LLC now owns 174,102 shares of the real estate investment trust's stock valued at $6,630,000 after buying an additional 170,098 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Omega Healthcare Investors by 2,777.6% during the 4th quarter. Two Sigma Advisers LP now owns 333,800 shares of the real estate investment trust's stock valued at $12,634,000 after buying an additional 322,200 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Omega Healthcare Investors by 5.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 514,967 shares of the real estate investment trust's stock valued at $19,610,000 after buying an additional 24,640 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $38.00 to $41.00 in a research report on Monday, July 14th. Royal Bank Of Canada lifted their target price on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Omega Healthcare Investors has an average rating of "Hold" and a consensus target price of $42.00.

Insider Transactions at Omega Healthcare Investors

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the firm'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 sale, the director owned 18,654 shares of the company's stock, valued at $749,144.64. This trade represents a 11.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Omega Healthcare Investors Trading Up 0.3%

NYSE:OHI traded up $0.14 during trading hours on Friday, reaching $40.98. The company's stock had a trading volume of 2,151,754 shares, compared to its average volume of 2,219,108. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 2.82 and a beta of 0.66. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $44.42. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. The firm has a 50-day simple moving average of $38.03 and a 200-day simple moving average of $37.45.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.32. The business had revenue of $235.60 million for the quarter, compared to analyst estimates of $248.49 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The company's revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. Research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Monday, August 4th. Omega Healthcare Investors's dividend payout ratio (DPR) is 165.43%.

Omega Healthcare Investors Company Profile

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.