First Republic Investment Management Inc. grew its holdings in Omega Healthcare Investors Inc (NYSE:OHI) by 2,344.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 881,585 shares of the real estate investment trust’s stock after buying an additional 845,523 shares during the period. First Republic Investment Management Inc.’s holdings in Omega Healthcare Investors were worth $27,329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Omega Healthcare Investors by 179.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,009 shares of the real estate investment trust’s stock valued at $1,643,000 after buying an additional 34,068 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Omega Healthcare Investors by 14.9% in the second quarter. Bank of New York Mellon Corp now owns 5,689,457 shares of the real estate investment trust’s stock valued at $176,373,000 after buying an additional 736,393 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Omega Healthcare Investors by 8.2% in the first quarter. Principal Financial Group Inc. now owns 7,168,488 shares of the real estate investment trust’s stock valued at $193,837,000 after buying an additional 541,017 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Omega Healthcare Investors by 64.8% in the second quarter. Nisa Investment Advisors LLC now owns 79,600 shares of the real estate investment trust’s stock valued at $2,468,000 after buying an additional 31,300 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Omega Healthcare Investors in the second quarter valued at approximately $1,662,000. 72.21% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on OHI shares. Zacks Investment Research raised Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Jefferies Financial Group raised Omega Healthcare Investors from an “underperform” rating to a “hold” rating and set a $27.00 price objective for the company in a research report on Wednesday, May 16th. ValuEngine raised Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Saturday, May 26th. Wells Fargo & Co cut Omega Healthcare Investors from an “outperform” rating to a “market perform” rating in a research report on Monday, June 25th. They noted that the move was a valuation call. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $34.00 target price on shares of Omega Healthcare Investors in a research note on Monday, August 6th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.37.

Shares of NYSE OHI opened at $32.69 on Friday. The company has a market cap of $6.63 billion, a PE ratio of 9.91, a PEG ratio of 5.57 and a beta of 0.30. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.03 and a current ratio of 4.03. Omega Healthcare Investors Inc has a 1-year low of $24.90 and a 1-year high of $33.29.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Friday, August 3rd. The real estate investment trust reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.02. The company had revenue of $192.85 million for the quarter, compared to analyst estimates of $200.30 million. Omega Healthcare Investors had a return on equity of 2.49% and a net margin of 10.61%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 earnings per share. equities research analysts predict that Omega Healthcare Investors Inc will post 2.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Tuesday, July 31st were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, July 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 8.08%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 80.00%.

About Omega Healthcare Investors

Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the US, as well as in the UK.

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

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