M&T Bank Corp Acquires 4,570 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

M&T Bank Corp lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 33.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 18,332 shares of the real estate investment trust’s stock after acquiring an additional 4,570 shares during the period. M&T Bank Corp’s holdings in Omega Healthcare Investors were worth $665,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in shares of Omega Healthcare Investors by 28.8% during the 2nd quarter. Macquarie Group Ltd. now owns 288,654 shares of the real estate investment trust’s stock worth $10,475,000 after purchasing an additional 64,614 shares in the last quarter. MML Investors Services LLC increased its position in Omega Healthcare Investors by 10.1% in the 2nd quarter. MML Investors Services LLC now owns 25,116 shares of the real estate investment trust’s stock valued at $911,000 after acquiring an additional 2,311 shares in the last quarter. Sculati Wealth Management LLC increased its position in Omega Healthcare Investors by 3.3% in the 2nd quarter. Sculati Wealth Management LLC now owns 32,162 shares of the real estate investment trust’s stock valued at $1,167,000 after acquiring an additional 1,024 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in Omega Healthcare Investors by 2.2% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 94,281 shares of the real estate investment trust’s stock valued at $3,421,000 after acquiring an additional 2,060 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of Omega Healthcare Investors by 36.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 110,194 shares of the real estate investment trust’s stock worth $3,999,000 after buying an additional 29,708 shares during the period. 68.50% of the stock is owned by institutional investors.

Shares of OHI opened at $29.96 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 3.65 and a current ratio of 3.65. Omega Healthcare Investors, Inc. has a twelve month low of $28.08 and a twelve month high of $39.31. The firm’s 50 day moving average price is $32.20 and its two-hundred day moving average price is $35.26. The firm has a market cap of $7.16 billion, a P/E ratio of 32.57, a PEG ratio of 5.34 and a beta of 0.99.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Sunday, August 1st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.05). Omega Healthcare Investors had a net margin of 23.48% and a return on equity of 5.26%. The company had revenue of $257.42 million during the quarter, compared to the consensus estimate of $235.89 million. During the same period in the previous year, the firm posted $0.81 EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 3.25 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. JMP Securities cut shares of Omega Healthcare Investors from an “outperform” rating to a “market perform” rating in a research report on Monday, September 13th. Bank of America cut shares of Omega Healthcare Investors from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $33.00 to $30.00 in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, July 23rd. Scotiabank lowered their price target on shares of Omega Healthcare Investors from $37.00 to $35.00 and set a “sector perform” rating for the company in a research report on Friday, September 24th. Finally, Mizuho reissued a “neutral” rating and set a $39.00 price objective on shares of Omega Healthcare Investors in a research note on Wednesday, July 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Hold” and an average price target of $38.54.

Omega Healthcare Investors Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities. Its portfolio consists of long-term leases and mortgage agreements. The company was founded on March 31, 1992 and is headquartered in Hunt Valley, MD.

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

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