Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Purchased by Plan Group Financial LLC

Key Points

• Plan Group Financial LLC increased its holdings in Omega Healthcare Investors by 47.3% during Q1, owning 38,293 shares valued at approximately $1.46 million at the end of the reporting period.
• Omega Healthcare Investors reported an EPS of $0.77, exceeding analysts' expectations of $0.45, along with a revenue of $235.60 million for the last quarter.
• The company announced a quarterly dividend of $0.67 per share, with a resulting annualized yield of 6.7% and a payout ratio of 165.43%.

Plan Group Financial LLC lifted its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 47.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,293 shares of the real estate investment trust's stock after purchasing an additional 12,297 shares during the quarter. Plan Group Financial LLC's holdings in Omega Healthcare Investors were worth $1,458,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. PFG Investments LLC grew its stake 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 worth $2,695,000 after purchasing an additional 11,970 shares during the period. Advisors Capital Management LLC grew its stake in shares of Omega Healthcare Investors by 4.3% during the 4th quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust's stock worth $28,836,000 after purchasing an additional 31,072 shares during the period. Columbus Macro LLC acquired a new position in shares of Omega Healthcare Investors during the 1st quarter worth $6,353,000. GAMMA Investing LLC boosted its position in shares of Omega Healthcare Investors by 4,248.2% in the 1st quarter. GAMMA Investing LLC now owns 174,102 shares of the real estate investment trust's stock worth $6,630,000 after buying an additional 170,098 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Omega Healthcare Investors by 2,777.6% in the 4th quarter. Two Sigma Advisers LP now owns 333,800 shares of the real estate investment trust's stock worth $12,634,000 after buying an additional 322,200 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OHI has been the topic of several recent research reports. Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $38.00 to $41.00 in a research report on Monday, July 14th. Royal Bank Of Canada boosted their price objective 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. Five 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 presently has an average rating of "Hold" and a consensus target price of $42.00.

Omega Healthcare Investors Trading Down 0.6%

NYSE:OHI traded down $0.24 on Thursday, reaching $40.11. The stock had a trading volume of 2,562,620 shares, compared to its average volume of 2,304,939. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 2.79 and a beta of 0.66. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 6.58. The firm's fifty day moving average is $37.64 and its two-hundred day moving average is $37.33. 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 data on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the firm posted $0.71 EPS. Equities analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 4th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Monday, August 4th. Omega Healthcare Investors's dividend payout ratio is presently 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.