Tower Research Capital LLC TRC Has $640,000 Position in Omega Healthcare Investors Inc (OHI)
Tower Research Capital LLC TRC lessened its position in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 48.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,538 shares of the real estate investment trust’s stock after selling 18,528 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Omega Healthcare Investors were worth $640,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its holdings in Omega Healthcare Investors by 6.9% during the 2nd quarter. Bank of Montreal Can now owns 40,184 shares of the real estate investment trust’s stock worth $1,247,000 after acquiring an additional 2,595 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Omega Healthcare Investors by 7.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 201,802 shares of the real estate investment trust’s stock valued at $6,256,000 after buying an additional 13,536 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Omega Healthcare Investors in the 2nd quarter valued at $381,000. D.A. Davidson & CO. boosted its holdings in shares of Omega Healthcare Investors by 4.4% in the 2nd quarter. D.A. Davidson & CO. now owns 55,860 shares of the real estate investment trust’s stock valued at $1,732,000 after buying an additional 2,345 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its holdings in shares of Omega Healthcare Investors by 33.7% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 91,251 shares of the real estate investment trust’s stock valued at $2,829,000 after buying an additional 23,000 shares in the last quarter. Institutional investors own 73.42% of the company’s stock.
In other Omega Healthcare Investors news, insider Michael Ritz sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $35.50, for a total transaction of $71,000.00. Following the sale, the insider now directly owns 8,076 shares of the company’s stock, valued at approximately $286,698. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 11,000 shares of company stock worth $390,500 over the last ninety days. 1.65% of the stock is owned by corporate insiders.
Shares of NYSE OHI opened at $37.30 on Friday. The stock has a market capitalization of $7.65 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 7.39 and a beta of 0.17. Omega Healthcare Investors Inc has a 52 week low of $24.90 and a 52 week high of $38.34. The company has a debt-to-equity ratio of 1.21, a quick ratio of 4.17 and a current ratio of 4.17.
Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.46). Omega Healthcare Investors had a net margin of 31.91% and a return on equity of 7.32%. The business had revenue of $192.30 million during the quarter, compared to analyst estimates of $194.40 million. During the same period in the previous year, the company posted $0.79 earnings per share. Omega Healthcare Investors’s revenue was down .9% on a year-over-year basis. As a group, equities research analysts expect that Omega Healthcare Investors Inc will post 2.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were paid a dividend of $0.66 per share. The ex-dividend date was Tuesday, October 30th. This represents a $2.64 annualized dividend and a dividend yield of 7.08%. Omega Healthcare Investors’s dividend payout ratio is currently 80.00%.
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Omega Healthcare Investors Profile
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.
Further Reading: Average Daily Trade Volume Explained
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