Vanguard Group Inc. Buys 1,492,904 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Vanguard Group Inc. raised its position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 3.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 39,554,886 shares of the real estate investment trust's stock after acquiring an additional 1,492,904 shares during the period. Vanguard Group Inc. owned approximately 13.78% of Omega Healthcare Investors worth $1,506,250,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of OHI. NBC Securities Inc. bought a new position in shares of Omega Healthcare Investors in the 1st quarter worth $29,000. Dunhill Financial LLC raised its holdings in Omega Healthcare Investors by 97.9% during the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock worth $57,000 after buying an additional 750 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Omega Healthcare Investors by 177.3% in the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 1,009 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of Omega Healthcare Investors during the fourth quarter valued at about $61,000. Finally, UMB Bank n.a. grew its holdings in shares of Omega Healthcare Investors by 94.9% during the first quarter. UMB Bank n.a. now owns 2,175 shares of the real estate investment trust's stock valued at $83,000 after buying an additional 1,059 shares during the last quarter. Institutional investors own 65.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts 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 upped their target price for the stock from $38.00 to $41.00 in a report on Monday, July 14th. Royal Bank Of Canada boosted their price objective on Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $42.00.

Insider Buying and Selling

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 stock was sold at an average price of $40.16, for a total value of $100,400.00. Following the transaction, the director owned 18,654 shares of the company's stock, valued at approximately $749,144.64. The trade was a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company's stock.

Omega Healthcare Investors Stock Up 0.7%

Shares of OHI stock traded up $0.28 on Tuesday, hitting $40.47. The stock had a trading volume of 2,389,281 shares, compared to its average volume of 2,090,066. 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 business has a 50 day moving average of $37.83 and a 200 day moving average of $37.39. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $44.42. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 2.78 and a beta of 0.66.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $248.49 million. During the same quarter last year, the business posted $0.71 EPS. The company's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm 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. This represents a $2.68 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is 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.