Omega Healthcare Investors, Inc (NYSE:OHI).
Lsv Asset Management says it bought 382,200 shares during the last quarter increasing its exposure to Omega Healthcare Investors, Inc by 28.5%. Its stake was worth $56,931,000 an increase of $12,660,000 as of the end of the quarter.
Here are a few additional firms who have increased or decreased their stake in (OHI). Norges Bank grew its stake by buying 17,741 shares an increase of 1.2% in the quarter. Norges Bank now holds 1,444,717 shares valued at $49,048,000. The total value of its holdings decreased 2.6%. Todd Asset Management LLC divested its position by shedding 15,352 shares a decrease of 3.3% from 03/31/2017 to 06/30/2017. Todd Asset Management LLC claims 449,937 shares worth $14,857,000. The value of the position overall is down by 3.2%.
As of quarter end Jpmorgan Chase & Co had acquired a total of 230,307 shares growing its stake by 458.4%. The value of the investment in (OHI) went from $1,657,000 to $9,264,000 a change of 459.1% quarter over quarter.
On August 25 analysts at BTIG Research released its first research report on the stock with a rating of “Neutral”. On August 18 the company was downgraded to “Market Perform” from “Outperform” in an announcement from JMP Securities.
On February 25 the stock rating was upgraded from “Hold” to “Buy” with a current price target of $35.00 in a report from Jefferies. Jefferies upgraded the stock and lowered the price target on February 25 cutting the price target from $37.00 to $35.00 and altering the rating from “Hold” to “Buy”.
On February 11 the company was set at “Outperform” by JMP Securities up from the previous “Market Perform” rating. On February 11 Stifel Nicolaus left the company rating at “Buy” but lowered the price expectation from $39.00 to $32.00.
The company is so far trading down since yesterday’s close of $31.22. Additionally Omega Healthcare Investors, Inc announced a dividend to be paid on Tuesday the 15th of August 2017. The dividend payment will be $0.640 per share for the quarter or $2.56 on an annualized basis. This dividend amount will represent a yeild of $8.22. The ex-dividend date is Friday the 28th of July 2017.
Shares last traded at $30.59 which is marginally lower than the 50 day moving average which is $32.92 and just below the 200 day moving average of $32.62. The 50 day moving average was down $-2.33 whereas the 200 day average was down by -6.22%.
The P/E ratio is currently 16.14 and the market value is 6.03B. As of the latest earnings report the EPS was $1.89 and is estimated to be $1.82 for the current year with 197,223,000 shares presently outstanding. Next quarter’s EPS is expected be $0.49 with next year’s EPS anticipated to be $1.98.