Invesco Ltd. Increases Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Key Points

• Invesco Ltd. increased its stake in Omega Healthcare Investors, Inc. by 122.3%, acquiring a total of 2,416,560 shares worth approximately $92 million.
• The company announced a quarterly dividend of $0.67, representing a 6.5% dividend yield, with a payout ratio of 165.43%.
• Omega Healthcare reported strong quarterly earnings, with an EPS of $0.77, exceeding expectations, although revenue was slightly below analyst estimates.

Invesco Ltd. increased its position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 122.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,416,560 shares of the real estate investment trust's stock after acquiring an additional 1,329,324 shares during the period. Invesco Ltd. owned approximately 0.84% of Omega Healthcare Investors worth $92,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in shares of Omega Healthcare Investors in the first quarter worth about $29,000. Dunhill Financial LLC boosted its position in Omega Healthcare Investors by 97.9% in the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 750 shares during the last quarter. CoreCap Advisors LLC increased its holdings in Omega Healthcare Investors by 177.3% in the 4th quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock worth $60,000 after buying an additional 1,009 shares during the period. Park Square Financial Group LLC purchased a new position in Omega Healthcare Investors during the 4th quarter worth approximately $61,000. Finally, UMB Bank n.a. raised its position in Omega Healthcare Investors by 94.9% during the 1st quarter. UMB Bank n.a. now owns 2,175 shares of the real estate investment trust's stock worth $83,000 after buying an additional 1,059 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $40.98 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10. The stock 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. The firm's 50 day simple moving average is $38.03 and its 200-day simple moving average is $37.45. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $44.42.

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. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The firm had revenue of $235.60 million for the quarter, compared to the consensus estimate of $248.49 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. Analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on OHI shares. Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $38.00 to $41.00 in a report on Monday, July 14th. Royal Bank Of Canada boosted their target price on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the company 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 given a buy rating to the stock. Based on data from MarketBeat, Omega Healthcare Investors has a consensus rating of "Hold" and an average target price of $42.00.

Insider Buying and Selling at Omega Healthcare Investors

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $40.16, for a total transaction of $100,400.00. Following the transaction, the director owned 18,654 shares in the company, valued at approximately $749,144.64. This represents a 11.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

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.

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