Insider Selling: Omega Healthcare Investors, Inc. (NYSE:OHI) Director Sells 2,500 Shares of Stock

Key Points

• Lisa Egbuonu-Davis, a director at Omega Healthcare Investors, sold 2,500 shares of the company’s stock for a total of $100,400, resulting in an 11.82% decrease in her ownership position.
• The company recently declared a quarterly dividend of $0.67, providing an annualized yield of 6.7%, despite a high dividend payout ratio of 165.43%.
• Omega Healthcare reported earnings per share of $0.77 for the last quarter, exceeding analysts' expectations, with year-over-year revenue growth of 11.8%.

Omega Healthcare Investors, Inc. (NYSE:OHI - Get Free Report) Director Lisa Egbuonu-Davis sold 2,500 shares of the 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 $749,144.64. The trade was a 11.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Omega Healthcare Investors Trading Up 0.6%

Shares of NYSE:OHI traded up $0.22 during trading on Monday, hitting $40.17. The company had a trading volume of 1,742,226 shares, compared to its average volume of 2,409,083. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $44.42. The company has a fifty day simple moving average of $37.70 and a two-hundred day simple moving average of $37.35. The company has a debt-to-equity ratio of 0.96, a current ratio of 7.10 and a quick ratio of 7.10.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $235.60 million for the quarter, compared to the consensus estimate of $248.49 million. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%. The company's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. As a group, equities analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 4th will be issued a $0.67 dividend. The ex-dividend date is Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.7%. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 165.43%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wells Fargo & Company raised 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 report on Monday, July 14th. Royal Bank Of Canada lifted their price objective on Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $42.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Omega Healthcare Investors by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 40,765,481 shares of the real estate investment trust's stock worth $1,494,055,000 after buying an additional 1,210,595 shares during the last quarter. Cohen & Steers Inc. lifted its position in Omega Healthcare Investors by 50.8% during the 4th quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock worth $992,467,000 after acquiring an additional 8,837,218 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Omega Healthcare Investors by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 7,377,761 shares of the real estate investment trust's stock valued at $270,426,000 after buying an additional 326,595 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Omega Healthcare Investors by 2.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,100,891 shares of the real estate investment trust's stock worth $156,162,000 after purchasing an additional 114,665 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Omega Healthcare Investors by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,058,107 shares of the real estate investment trust's stock worth $154,533,000 after purchasing an additional 165,554 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

About Omega Healthcare Investors

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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