Robert O. Stephenson Sells 22,542 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) Stock

Omega Healthcare Investors, Inc. (NYSE:OHI) CFO Robert O. Stephenson sold 22,542 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $40.19, for a total value of $905,962.98. Following the transaction, the chief financial officer now owns 183,076 shares in the company, valued at approximately $7,357,824.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Omega Healthcare Investors Price Performance

Shares of OHI stock opened at $40.04 on Thursday. The firm has a market cap of $10.32 billion, a P/E ratio of 36.07, a P/E/G ratio of 1.30 and a beta of 1.00. The firm has a fifty day moving average of $38.95 and a two-hundred day moving average of $34.51. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.79 and a quick ratio of 5.79. Omega Healthcare Investors, Inc. has a 1-year low of $27.53 and a 1-year high of $41.53.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.20). Omega Healthcare Investors had a net margin of 33.52% and a return on equity of 8.61%. The firm had revenue of $252.70 million during the quarter, compared to the consensus estimate of $205.92 million. During the same period in the prior year, the firm earned $0.74 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. As a group, research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.69%. The ex-dividend date was Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio is currently 241.44%.

Analyst Upgrades and Downgrades

OHI has been the topic of several recent research reports. Truist Financial boosted their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Wells Fargo & Company restated an “overweight” rating and issued a $43.00 target price (up from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday. Scotiabank lifted their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Finally, Mizuho lowered shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $34.00 to $35.00 in a report on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of “Hold” and an average target price of $35.78.

Hedge Funds Weigh In On Omega Healthcare Investors

Hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new stake in shares of Omega Healthcare Investors during the second quarter worth $26,000. WFA Asset Management Corp bought a new stake in shares of Omega Healthcare Investors during the 1st quarter valued at about $39,000. Covestor Ltd raised its stake in Omega Healthcare Investors by 47.6% during the first quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 431 shares during the period. Highlander Capital Management LLC lifted its holdings in Omega Healthcare Investors by 52.0% in the first quarter. Highlander Capital Management LLC now owns 1,900 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 650 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Omega Healthcare Investors by 93.4% in the second quarter. GAMMA Investing LLC now owns 2,446 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 1,181 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

About Omega Healthcare Investors

Omega is a REIT 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 U.S., as well as in the U.K.