Legal & General Group Plc Purchases 114,148 Shares of Omega Healthcare Investors Inc (OHI)

Legal & General Group Plc boosted its position in Omega Healthcare Investors Inc (NYSE:OHI) by 15.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 845,772 shares of the real estate investment trust’s stock after purchasing an additional 114,148 shares during the period. Legal & General Group Plc’s holdings in Omega Healthcare Investors were worth $22,870,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of OHI. BlackRock Inc. grew its position in shares of Omega Healthcare Investors by 1.3% in the 1st quarter. BlackRock Inc. now owns 21,542,990 shares of the real estate investment trust’s stock valued at $582,523,000 after buying an additional 284,248 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Omega Healthcare Investors by 8.2% in the 1st quarter. Principal Financial Group Inc. now owns 7,168,488 shares of the real estate investment trust’s stock valued at $193,837,000 after buying an additional 541,017 shares during the last quarter. LSV Asset Management grew its position in shares of Omega Healthcare Investors by 21.5% in the 1st quarter. LSV Asset Management now owns 4,866,733 shares of the real estate investment trust’s stock valued at $131,596,000 after buying an additional 860,100 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Omega Healthcare Investors by 19.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 3,496,238 shares of the real estate investment trust’s stock valued at $94,538,000 after buying an additional 566,973 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Omega Healthcare Investors by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,034,472 shares of the real estate investment trust’s stock valued at $82,053,000 after buying an additional 78,131 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

OHI has been the topic of several research analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $34.00 target price on shares of Omega Healthcare Investors in a research report on Wednesday, March 7th. ValuEngine upgraded Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Saturday, May 26th. Jefferies Financial Group upgraded Omega Healthcare Investors from an “underperform” rating to a “hold” rating and set a $27.00 target price on the stock in a research report on Wednesday, May 16th. Zacks Investment Research upgraded Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Finally, Raymond James initiated coverage on Omega Healthcare Investors in a research report on Wednesday, April 25th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Omega Healthcare Investors currently has an average rating of “Hold” and a consensus price target of $31.00.

Shares of Omega Healthcare Investors opened at $31.00 on Tuesday, Marketbeat Ratings reports. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 5.25 and a beta of 0.38. The company has a debt-to-equity ratio of 1.20, a quick ratio of 4.01 and a current ratio of 4.01. Omega Healthcare Investors Inc has a 52-week low of $24.90 and a 52-week high of $33.85.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Monday, May 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.05. The business had revenue of $193.90 million for the quarter, compared to analyst estimates of $194.60 million. Omega Healthcare Investors had a return on equity of 2.02% and a net margin of 8.94%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share. equities research analysts anticipate that Omega Healthcare Investors Inc will post 2.96 earnings per share for the current year.

Omega Healthcare Investors Profile

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

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