Honeywell International Inc. Acquires Shares of 44,000 Omega Healthcare Investors, Inc. (NYSE:OHI)
Honeywell International Inc. acquired a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) during the second quarter, Holdings Channel reports. The fund acquired 44,000 shares of the real estate investment trust’s stock, valued at approximately $1,453,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Omega Healthcare Investors by 4.6% in the first quarter. Vanguard Group Inc. now owns 31,762,511 shares of the real estate investment trust’s stock worth $1,047,845,000 after buying an additional 1,397,206 shares during the period. BlackRock Inc. boosted its stake in Omega Healthcare Investors by 4,872.8% in the first quarter. BlackRock Inc. now owns 19,889,913 shares of the real estate investment trust’s stock valued at $656,169,000 after buying an additional 19,489,938 shares during the last quarter. State Street Corp boosted its stake in Omega Healthcare Investors by 2.5% in the first quarter. State Street Corp now owns 6,020,950 shares of the real estate investment trust’s stock valued at $198,623,000 after buying an additional 147,637 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Omega Healthcare Investors by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 4,072,873 shares of the real estate investment trust’s stock valued at $134,365,000 after buying an additional 67,809 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Omega Healthcare Investors by 1.6% in the first quarter. Morgan Stanley now owns 3,687,995 shares of the real estate investment trust’s stock valued at $121,667,000 after buying an additional 59,077 shares during the last quarter. 73.62% of the stock is owned by institutional investors and hedge funds.
Shares of Omega Healthcare Investors, Inc. (NYSE OHI) opened at 31.22 on Wednesday. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 16.47 and a beta of 0.50. Omega Healthcare Investors, Inc. has a 52 week low of $28.11 and a 52 week high of $38.09. The stock has a 50 day moving average of $32.92 and a 200-day moving average of $32.62.
Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.16. The business had revenue of $194 million during the quarter, compared to the consensus estimate of $194.59 million. Omega Healthcare Investors had a net margin of 40.20% and a return on equity of 8.88%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.87 EPS. Analysts expect that Omega Healthcare Investors, Inc. will post $1.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a dividend of $0.64 per share. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.63. The ex-dividend date is Friday, July 28th. This represents a $2.56 annualized dividend and a yield of 8.20%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 135.45%.
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A number of brokerages have weighed in on OHI. BidaskClub upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Vetr lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating and set a $32.50 target price on the stock. in a report on Monday, April 17th. Zacks Investment Research lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 price objective on shares of Omega Healthcare Investors in a report on Friday, May 12th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $34.38.
In other Omega Healthcare Investors news, CFO Robert O. Stephenson sold 23,000 shares of Omega Healthcare Investors stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $34.58, for a total value of $795,340.00. Following the transaction, the chief financial officer now owns 68,978 shares of the company’s stock, valued at $2,385,259.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Craig R. Callen purchased 15,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was bought at an average cost of $31.40 per share, for a total transaction of $471,000.00. Following the purchase, the director now owns 18,000 shares of the company’s stock, valued at approximately $565,200. The disclosure for this purchase can be found here. 4.54% of the stock is owned by company insiders.
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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