Retirement Systems of Alabama decreased its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 508,071 shares of the real estate investment trust’s stock after selling 278 shares during the period. Retirement Systems of Alabama’s holdings in Omega Healthcare Investors were worth $16,777,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in shares of Omega Healthcare Investors by 15.0% in the first quarter. Advisors Asset Management Inc. now owns 74,345 shares of the real estate investment trust’s stock worth $2,453,000 after buying an additional 9,715 shares during the last quarter. Howe & Rusling Inc. boosted its stake in shares of Omega Healthcare Investors by 19.5% in the first quarter. Howe & Rusling Inc. now owns 232,679 shares of the real estate investment trust’s stock worth $7,676,000 after buying an additional 37,905 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Omega Healthcare Investors by 5.3% in the first quarter. Capstone Asset Management Co. now owns 18,503 shares of the real estate investment trust’s stock worth $610,000 after buying an additional 930 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Omega Healthcare Investors by 2.2% in the fourth quarter. Macquarie Group Ltd. now owns 54,630 shares of the real estate investment trust’s stock worth $1,707,000 after buying an additional 1,150 shares during the last quarter. Finally, Gradient Investments LLC boosted its stake in shares of Omega Healthcare Investors by 15.3% in the first quarter. Gradient Investments LLC now owns 188,365 shares of the real estate investment trust’s stock worth $6,214,000 after buying an additional 24,972 shares during the last quarter. 73.62% of the stock is currently owned by institutional investors and hedge funds.

Omega Healthcare Investors, Inc. (NYSE OHI) opened at 31.15 on Tuesday. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 16.44 and a beta of 0.50. Omega Healthcare Investors, Inc. has a 12 month low of $28.11 and a 12 month high of $38.09. The stock’s 50 day moving average price is $33.05 and its 200-day moving average price is $32.65.

Omega Healthcare Investors (NYSE:OHI) last released 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. The company had revenue of $194 million during the quarter, compared to analyst estimates of $194.59 million. Omega Healthcare Investors had a net margin of 40.20% and a return on equity of 8.88%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 EPS. Equities research analysts predict that Omega Healthcare Investors, Inc. will post $1.87 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be issued a $0.64 dividend. The ex-dividend date is Friday, July 28th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 8.22%. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.63. Omega Healthcare Investors’s payout ratio is presently 135.45%.

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A number of equities research analysts have recently commented on OHI shares. BidaskClub raised shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Vetr cut shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating and set a $32.50 price objective on the stock. in a research note on Monday, April 17th. Zacks Investment Research cut shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price objective on shares of Omega Healthcare Investors in a research note on Friday, May 12th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.38.

In other Omega Healthcare Investors news, Director Craig R. Callen acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were purchased at an average price of $31.40 per share, with a total value of $471,000.00. Following the completion of the acquisition, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $565,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert O. Stephenson sold 23,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $34.58, for a total value of $795,340.00. Following the transaction, the chief financial officer now directly owns 68,978 shares in the company, valued at approximately $2,385,259.24. The disclosure for this sale 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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Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

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