C Taylor Pickett Sells 5,500 Shares of Omega Healthcare Investors Inc (NYSE:OHI) Stock

Omega Healthcare Investors Inc (NYSE:OHI) CEO C Taylor Pickett sold 5,500 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $38.00, for a total value of $209,000.00. Following the sale, the chief executive officer now directly owns 227,933 shares in the company, valued at $8,661,454. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

C Taylor Pickett also recently made the following trade(s):

  • On Monday, June 24th, C Taylor Pickett sold 30,000 shares of Omega Healthcare Investors stock. The stock was sold at an average price of $38.00, for a total value of $1,140,000.00.
  • On Thursday, June 20th, C Taylor Pickett sold 30,000 shares of Omega Healthcare Investors stock. The stock was sold at an average price of $38.00, for a total value of $1,140,000.00.

Shares of OHI stock opened at $37.01 on Friday. The stock has a market capitalization of $7.86 billion, a P/E ratio of 12.17, a P/E/G ratio of 4.96 and a beta of 0.42. The business’s 50 day simple moving average is $36.76. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 1.16. Omega Healthcare Investors Inc has a 12-month low of $28.65 and a 12-month high of $40.30.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.37). The business had revenue of $188.20 million for the quarter, compared to analysts’ expectations of $190.54 million. Omega Healthcare Investors had a return on equity of 7.02% and a net margin of 30.17%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 EPS. Equities research analysts anticipate that Omega Healthcare Investors Inc will post 2.99 EPS for the current year.

OHI has been the topic of a number of recent analyst reports. ValuEngine upgraded Yelp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $37.05.

A number of hedge funds have recently modified their holdings of the business. Piedmont Investment Advisors Inc. lifted its position in shares of Omega Healthcare Investors by 4.6% in the first quarter. Piedmont Investment Advisors Inc. now owns 6,833 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 299 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Omega Healthcare Investors by 0.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 46,889 shares of the real estate investment trust’s stock valued at $1,647,000 after acquiring an additional 334 shares in the last quarter. JOYN Advisors Inc. lifted its position in shares of Omega Healthcare Investors by 58.4% in the fourth quarter. JOYN Advisors Inc. now owns 1,033 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 381 shares in the last quarter. Eukles Asset Management lifted its position in shares of Omega Healthcare Investors by 5.7% in the first quarter. Eukles Asset Management now owns 7,246 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 390 shares in the last quarter. Finally, Reilly Financial Advisors LLC lifted its position in shares of Omega Healthcare Investors by 68.1% in the first quarter. Reilly Financial Advisors LLC now owns 992 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 402 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

About Omega Healthcare Investors

Omega is a real estate investment trust 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 US, as well as in the UK.

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