The Johnson Investment Counsel Inc. Maintains Position in Omega Healthcare Investors Inc. (OHI)

The Johnson Investment Counsel Inc. Maintains Position in Omega Healthcare Investors Inc. (OHI)

Johnson Investment Counsel Inc. continued to hold its stake in Omega Healthcare Investors Inc. (NYSE:OHI) during the third quarter, Holdings Channel reports. The fund owned 18,978 shares of the real estate investment trust’s stock at the end of the third quarter. Johnson Investment Counsel Inc.’s holdings in Omega Healthcare Investors were worth $672,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in OHI. Two Sigma Advisers LP raised its stake in Omega Healthcare Investors by 5.4% in the third quarter. Two Sigma Advisers LP now owns 390,704 shares of the real estate investment trust’s stock valued at $13,850,000 after buying an additional 19,900 shares in the last quarter. Teachers Insurance & Annuity Association of America raised its stake in Omega Healthcare Investors by 2.2% in the third quarter. Teachers Insurance & Annuity Association of America now owns 182,355 shares of the real estate investment trust’s stock valued at $6,464,000 after buying an additional 3,880 shares in the last quarter. HighTower Advisors LLC raised its stake in Omega Healthcare Investors by 8.7% in the third quarter. HighTower Advisors LLC now owns 62,895 shares of the real estate investment trust’s stock valued at $2,231,000 after buying an additional 5,016 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Omega Healthcare Investors by 6.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,235 shares of the real estate investment trust’s stock valued at $363,000 after buying an additional 589 shares in the last quarter. Finally, Zacks Investment Management raised its stake in Omega Healthcare Investors by 3.2% in the third quarter. Zacks Investment Management now owns 38,372 shares of the real estate investment trust’s stock valued at $1,360,000 after buying an additional 1,196 shares in the last quarter. Hedge funds and other institutional investors own 82.78% of the company’s stock.

Shares of Omega Healthcare Investors Inc. (NYSE:OHI) traded down 2.25% during midday trading on Thursday, reaching $32.13. The company had a trading volume of 2,342,654 shares. The firm has a market capitalization of $6.27 billion, a P/E ratio of 20.25 and a beta of 0.54. Omega Healthcare Investors Inc. has a one year low of $26.96 and a one year high of $38.09. The company has a 50 day moving average price of $31.06 and a 200-day moving average price of $33.15.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Monday, October 31st. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by $0.04. The company had revenue of $224.60 million for the quarter, compared to analyst estimates of $186.35 million. Omega Healthcare Investors had a net margin of 34.53% and a return on equity of 7.37%. Omega Healthcare Investors’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. On average, analysts anticipate that Omega Healthcare Investors Inc. will post $1.72 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date of this dividend is Friday, January 27th. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.61. Omega Healthcare Investors’s payout ratio is presently 155.42%.

Several research firms have issued reports on OHI. Zacks Investment Research lowered Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. TheStreet lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Friday, November 25th. Finally, Jefferies Group set a $35.00 price objective on Omega Healthcare Investors and gave the company a “buy” rating in a research note on Friday, November 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Omega Healthcare Investors has a consensus rating of “Hold” and an average price target of $36.81.

In other Omega Healthcare Investors news, Director Bernard J. Korman bought 100,000 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were purchased at an average price of $29.29 per share, for a total transaction of $2,929,000.00. Following the purchase, the director now directly owns 774,685 shares of the company’s stock, valued at $22,690,523.65. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Taylor Pickett bought 21,800 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was acquired at an average price of $29.26 per share, for a total transaction of $637,868.00. Following the purchase, the chief executive officer now directly owns 276,261 shares in the company, valued at $8,083,396.86. The disclosure for this purchase can be found here. 4.54% of the stock is owned by insiders.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc (Omega) is a self-administered real estate investment trust (REIT). The Company invests in income producing healthcare facilities, long-term care facilities located throughout 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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