Howe & Rusling Inc. boosted its stake in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 19.5% during the first quarter, Holdings Channel reports. The fund owned 232,679 shares of the real estate investment trust’s stock after buying an additional 37,905 shares during the period. Omega Healthcare Investors accounts for about 1.5% of Howe & Rusling Inc.’s portfolio, making the stock its 19th largest position. Howe & Rusling Inc.’s holdings in Omega Healthcare Investors were worth $7,676,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Capstone Asset Management Co. increased its stake in Omega Healthcare Investors by 11.8% in the third quarter. Capstone Asset Management Co. now owns 16,553 shares of the real estate investment trust’s stock valued at $587,000 after buying an additional 1,750 shares during the last quarter. Bank of Montreal Can increased its stake in Omega Healthcare Investors by 14.0% in the third quarter. Bank of Montreal Can now owns 223,271 shares of the real estate investment trust’s stock valued at $7,916,000 after buying an additional 27,445 shares in the last quarter. Nationwide Fund Advisors increased its stake in Omega Healthcare Investors by 58.2% in the third quarter. Nationwide Fund Advisors now owns 444,829 shares of the real estate investment trust’s stock valued at $15,769,000 after buying an additional 163,709 shares in the last quarter. Winslow Evans & Crocker Inc. increased its stake in Omega Healthcare Investors by 9.7% in the third quarter. Winslow Evans & Crocker Inc. now owns 3,950 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 350 shares in the last quarter. Finally, Oakbrook Investments LLC increased its stake in Omega Healthcare Investors by 12.7% in the third quarter. Oakbrook Investments LLC now owns 9,750 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 1,100 shares in the last quarter. 78.78% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

Omega Healthcare Investors Inc (NYSE:OHI) traded down 0.09% during mid-day trading on Tuesday, reaching $34.43. The company’s stock had a trading volume of 1,368,784 shares. The stock’s 50-day moving average is $32.56 and its 200-day moving average is $31.68. Omega Healthcare Investors Inc has a 12 month low of $28.11 and a 12 month high of $38.09. The firm has a market capitalization of $6.77 billion, a PE ratio of 18.11 and a beta of 0.51.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Wednesday, February 8th. The real estate investment trust reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.40. The company earned $234.49 million during the quarter, compared to the consensus estimate of $195.14 million. Omega Healthcare Investors had a return on equity of 8.86% and a net margin of 40.67%. The company’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $0.81 earnings per share. On average, equities analysts anticipate that Omega Healthcare Investors Inc will post $2.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, April 27th. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 7.31%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 131.22%.

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OHI has been the subject of several analyst reports. TheStreet raised Omega Healthcare Investors from a “c+” rating to a “b-” rating in a research note on Monday, February 6th. Vetr downgraded Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $34.01 price objective for the company. in a research note on Monday, March 6th. Zacks Investment Research downgraded Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 price objective on shares of Omega Healthcare Investors in a research note on Monday, March 27th. Finally, SunTrust Banks, Inc. downgraded Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research note on Wednesday, February 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $34.56.

In related news, insider Steven J. Insoft sold 12,500 shares of Omega Healthcare Investors stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $30.93, for a total value of $386,625.00. Following the completion of the transaction, the insider now directly owns 411,576 shares in the company, valued at $12,730,045.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven J. Insoft sold 87,500 shares of Omega Healthcare Investors stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $34.00, for a total value of $2,975,000.00. Following the completion of the transaction, the insider now owns 324,076 shares of the company’s stock, valued at $11,018,584. The disclosure for this sale can be found here. 4.54% of the stock is owned by company insiders.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.

5 Day Chart for NYSE:OHI

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