Omega Healthcare Investors, Inc. (NYSE:OHI) Position Held by Grove Bank & Trust
Grove Bank & Trust held its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,034 shares of the real estate investment trust’s stock at the end of the second quarter. Grove Bank & Trust’s holdings in Omega Healthcare Investors were worth $134,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in OHI. Tompkins Financial Corp purchased a new stake in Omega Healthcare Investors during the first quarter worth $165,000. South Texas Money Management Ltd. purchased a new stake in Omega Healthcare Investors during the first quarter worth $207,000. Lodestar Investment Counsel LLC IL purchased a new stake in Omega Healthcare Investors during the first quarter worth $209,000. Wesbanco Bank Inc. purchased a new stake in Omega Healthcare Investors during the first quarter worth $211,000. Finally, Arete Wealth Advisors LLC purchased a new stake in Omega Healthcare Investors during the first quarter worth $216,000. 73.95% of the stock is currently owned by institutional investors and hedge funds.
Shares of Omega Healthcare Investors, Inc. (OHI) opened at 30.95 on Friday. The firm has a market capitalization of $6.10 billion, a P/E ratio of 16.33 and a beta of 0.50. The firm’s 50-day moving average price is $33.05 and its 200-day moving average price is $32.65. Omega Healthcare Investors, Inc. has a 12-month low of $28.11 and a 12-month high of $38.09.
Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.16. Omega Healthcare Investors had a return on equity of 8.88% and a net margin of 40.20%. The business had revenue of $194 million for the quarter, compared to analyst estimates of $194.59 million. During the same quarter in the previous year, the company earned $0.87 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts predict that Omega Healthcare Investors, Inc. will post $1.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date of this dividend is Friday, July 28th. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.63. Omega Healthcare Investors’s dividend payout ratio is presently 135.45%.
A number of equities research analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price objective on shares of Omega Healthcare Investors in a report on Friday, May 12th. BidaskClub downgraded Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Vetr downgraded Omega Healthcare Investors from a “hold” rating to a “sell” rating and set a $32.50 price objective on the stock. in a report on Monday, April 17th. Finally, Zacks Investment Research downgraded Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $34.38.
In other Omega Healthcare Investors news, CFO Robert O. Stephenson sold 23,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $34.58, for a total transaction of $795,340.00. Following the transaction, the chief financial officer now owns 68,978 shares in the company, valued at approximately $2,385,259.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Craig R. Callen bought 15,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were acquired at an average price of $31.40 per share, for a total transaction of $471,000.00. Following the transaction, the director now owns 18,000 shares in the company, valued at $565,200. The disclosure for this purchase can be found here. Corporate insiders own 4.54% of the company’s stock.
Omega Healthcare Investors Company Profile
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.
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