Bank of Montreal Can decreased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 33.9% during the second quarter, Holdings Channel reports. The fund owned 79,240 shares of the real estate investment trust’s stock after selling 40,608 shares during the period. Bank of Montreal Can’s holdings in Omega Healthcare Investors were worth $2,616,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in 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 valued at $1,707,000 after buying an additional 1,150 shares during the last quarter. Creative Planning increased its position in Omega Healthcare Investors by 5.9% in the first quarter. Creative Planning now owns 24,861 shares of the real estate investment trust’s stock valued at $820,000 after buying an additional 1,387 shares during the last quarter. Gradient Investments LLC increased its position in 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 valued at $6,214,000 after buying an additional 24,972 shares during the last quarter. Capstone Asset Management Co. increased its position in 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 valued at $610,000 after buying an additional 930 shares during the last quarter. Finally, Bremer Trust National Association increased its position in Omega Healthcare Investors by 58.0% in the first quarter. Bremer Trust National Association now owns 18,724 shares of the real estate investment trust’s stock valued at $618,000 after buying an additional 6,877 shares during the last quarter. Hedge funds and other institutional investors own 73.62% of the company’s stock.

Shares of Omega Healthcare Investors, Inc. (NYSE OHI) traded down 0.52% during mid-day trading on Thursday, hitting $30.43. 765,665 shares of the stock traded hands. Omega Healthcare Investors, Inc. has a 1-year low of $28.11 and a 1-year high of $38.09. The company has a market capitalization of $6.00 billion, a PE ratio of 16.06 and a beta of 0.50. The company’s 50-day moving average price is $32.73 and its 200 day moving average price is $32.58.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.16. Omega Healthcare Investors had a net margin of 40.20% and a return on equity of 8.88%. The business had revenue of $194 million for the quarter, compared to analysts’ expectations of $194.59 million. During the same period in the previous year, the company earned $0.87 EPS. Omega Healthcare Investors’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts forecast that Omega Healthcare Investors, Inc. will post $1.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $2.56 annualized dividend and a dividend yield of 8.37%. 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%.

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Several research analysts have weighed in on OHI shares. Vetr downgraded 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 report on Monday, April 17th. Zacks Investment Research upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Wednesday, April 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 target price on shares of Omega Healthcare Investors in a report on Friday, May 12th. Finally, BidaskClub upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $34.38.

In other Omega Healthcare Investors news, Director Craig R. Callen purchased 15,000 shares of Omega Healthcare Investors stock in a transaction dated Friday, June 2nd. The stock was purchased at an average price of $31.40 per share, with a total value of $471,000.00. Following the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at $565,200. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Robert O. Stephenson sold 23,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $34.58, for a total transaction of $795,340.00. Following the sale, the chief financial officer now directly owns 68,978 shares of the company’s stock, valued at approximately $2,385,259.24. The disclosure for this sale can be found here. 4.54% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

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