Bank of New York Mellon Corp decreased its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,828,945 shares of the real estate investment trust’s stock after selling 243,928 shares during the period. Bank of New York Mellon Corp owned 1.94% of Omega Healthcare Investors worth $126,431,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in OHI. State of Wisconsin Investment Board increased its stake in Omega Healthcare Investors by 5.6% in the second quarter. State of Wisconsin Investment Board now owns 38,779 shares of the real estate investment trust’s stock worth $1,280,000 after buying an additional 2,040 shares during the period. Advisors Asset Management Inc. increased its stake in Omega Healthcare Investors by 17.0% in the second quarter. Advisors Asset Management Inc. now owns 86,948 shares of the real estate investment trust’s stock worth $2,871,000 after buying an additional 12,603 shares during the period. Convergence Investment Partners LLC increased its stake in Omega Healthcare Investors by 83.1% in the second quarter. Convergence Investment Partners LLC now owns 82,158 shares of the real estate investment trust’s stock worth $2,713,000 after buying an additional 37,288 shares during the period. Wedbush Securities Inc. purchased a new stake in Omega Healthcare Investors during the second quarter worth $448,000. Finally, Teacher Retirement System of Texas increased its stake in Omega Healthcare Investors by 3.1% in the second quarter. Teacher Retirement System of Texas now owns 172,418 shares of the real estate investment trust’s stock worth $5,693,000 after buying an additional 5,125 shares during the period. 74.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of Omega Healthcare Investors, Inc. (NYSE:OHI) opened at 31.10 on Thursday. The company’s 50-day moving average price is $31.96 and its 200-day moving average price is $32.49. Omega Healthcare Investors, Inc. has a 52-week low of $28.11 and a 52-week high of $38.09. The firm has a market capitalization of $6.13 billion, a P/E ratio of 16.41 and a beta of 0.50.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.16. Omega Healthcare Investors had a net margin of 40.20% and a return on equity of 8.88%. The business had revenue of $194 million during the quarter, compared to the consensus estimate of $194.59 million. During the same period last year, the firm earned $0.87 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Omega Healthcare Investors, Inc. will post $1.77 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were given a $0.64 dividend. The ex-dividend date was Friday, July 28th. This represents a $2.56 annualized dividend and a dividend yield of 8.23%. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.63. Omega Healthcare Investors’s payout ratio is 135.45%.

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A number of research firms recently weighed in on OHI. BidaskClub downgraded Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research raised Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $33.00 target price on shares of Omega Healthcare Investors in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $34.38.

In other news, CFO Robert O. Stephenson sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $34.58, for a total value of $795,340.00. Following the sale, the chief financial officer now owns 68,978 shares of the company’s stock, valued at $2,385,259.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Craig R. Callen purchased 15,000 shares of the stock in a transaction dated Friday, June 2nd. The stock was acquired at an average cost of $31.40 per share, for a total transaction of $471,000.00. Following the transaction, the director now owns 18,000 shares of the company’s stock, valued at $565,200. The disclosure for this purchase can be found here. Insiders own 4.54% of the company’s stock.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.

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

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