83,000 Omega Healthcare Investors, Inc. $OHI Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 31.1% in the third quarter, Holdings Channel.com reports. The firm owned 183,765 shares of the real estate investment trust’s stock after selling 83,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Omega Healthcare Investors were worth $8,510,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Omega Healthcare Investors in the second quarter valued at approximately $1,838,155,000. Bank of New York Mellon Corp purchased a new stake in shares of Omega Healthcare Investors during the 2nd quarter valued at approximately $275,230,000. Dimensional Fund Advisors LP lifted its stake in shares of Omega Healthcare Investors by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,423,120 shares of the real estate investment trust’s stock valued at $193,824,000 after buying an additional 108,736 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Omega Healthcare Investors by 3.6% during the 1st quarter. Bank of America Corp DE now owns 3,794,730 shares of the real estate investment trust’s stock valued at $166,285,000 after buying an additional 131,000 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in Omega Healthcare Investors by 48.5% in the 1st quarter. Quantinno Capital Management LP now owns 2,125,931 shares of the real estate investment trust’s stock worth $93,158,000 after buying an additional 694,426 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Up 0.3%

Shares of Omega Healthcare Investors stock opened at $46.99 on Friday. Omega Healthcare Investors, Inc. has a 12-month low of $40.10 and a 12-month high of $52.39. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 1.90 and a beta of 0.53. The company’s 50-day moving average price is $46.15 and its 200-day moving average price is $46.60.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $1.19 EPS for the quarter, beating the consensus estimate of $0.51 by $0.68. The company had revenue of $328.25 million during the quarter, compared to analysts’ expectations of $266.97 million. Omega Healthcare Investors had a net margin of 66.96% and a return on equity of 15.76%. Omega Healthcare Investors’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 earnings per share. On average, sell-side analysts predict that Omega Healthcare Investors, Inc. will post 3.12 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 5th will be paid a $0.68 dividend. The ex-dividend date is Thursday, November 5th. This represents a $2.72 annualized dividend and a yield of 5.8%. Omega Healthcare Investors’s dividend payout ratio is currently 97.14%.

Analyst Upgrades and Downgrades

OHI has been the subject of a number of recent research reports. Citigroup upgraded shares of Omega Healthcare Investors from a “buy” rating to an “outperform” rating in a research note on Thursday, October 22nd. Citizens Jmp upgraded Omega Healthcare Investors from a “market perform” rating to a “market outperform” rating and set a $52.00 target price on the stock in a research report on Thursday, October 22nd. Weiss Ratings restated a “buy (b+)” rating on shares of Omega Healthcare Investors in a research report on Friday, September 25th. UBS Group cut their price target on Omega Healthcare Investors from $54.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Finally, Barclays cut their price target on Omega Healthcare Investors from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Tuesday, October 13th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.93.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a real estate investment trust focused on the healthcare sector. The company invests in and owns healthcare facilities, with a primary emphasis on skilled nursing and assisted living properties.

Omega generally leases its properties to healthcare operators under long-term agreements, supporting services for seniors and individuals who require post-acute, rehabilitative, or long-term care. Its portfolio has also included other healthcare-related properties, such as continuing care retirement communities and specialty facilities.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega serves healthcare operators across the United States and the United Kingdom.