Omega Healthcare Investors (NYSE:OHI) Sees Significantly Higher Trading Volume


Trading volume for Omega Healthcare Investors was 7,275K on Wednesday. Shares saw a steep increase in trading volume of 104.35% over the normal average daily volume.

Short traders are more bearish on shares of Omega Healthcare Investors of late as evidenced by the increase in short interest. The company saw a rise in short interest from September 29, 2017 to October 13, 2017 of 0.49%. Short interest increased 158,219 over that period. Days to cover increased from 18.0 to 22.0 and the percentage of shorted shares was 0.16% on October 13.

Additionally, here are a few investment firms who have increased or decreased their stake in (OHI). As of the end of the quarter Goldman Sachs Group Inc had acquired 108,200 shares growing its holdings by 512.8%. The value in dollars went from $697,000 to $4,126,000 a change of 492.0% for the reporting period. Texas Permanent School Fund grew its ownership by buying 304 shares an increase of 0.2%. Texas Permanent School Fund currently owns 143,995 shares worth $4,595,000. The value of the position overall is down by 3.2%.

As of quarter end Tiaa Cref Investment Management LLC had sold a total of 1,653 shares trimming its position 0.4%. The value of the total investment in Omega Healthcare Investors decreased from $14,650,000 to $14,105,000 a change of $545,000 quarter over quarter. As of quarter end Schwab Charles Investment Management Inc had acquired 54,052 shares growing its stake by 6.6%. The value of the investment in OHI increased from $27,023,000 to $27,839,000 increasing 3.0% quarter to quarter.

November 1 investment analysts at SunTrust Banks made no change to the company rating of “Hold” targeting a price of $30.00.

Capital One Financial Corporation updated guidance on OHI giving it an initial rating of “Equal Weight”.

October 22 investment analysts at Capital One Financial Corporation reiterated a “Equal Weight” rating on the company. On October 3 Jefferies Group LLC held the company rating at “Hold” projecting a price of $30.00.

The company is down since yesterday’s close of 27.2. The company currently has a P/E ratio of 34.70 and the market value is 5.32B. As of the latest earnings report the EPS was $0.78 with 198.06M shares outstanding.

Omega Healthcare Investors, Inc., launched on March 31, 1992, 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. The Company operates through the segment, which consists of investments in healthcare-related real estate properties. The Company provides lease or mortgage financing to qualified operators of skilled nursing facilities (SNFs) and assisted living facilities (ALFs), independent living facilities, rehabilitation and acute care facilities. The Company finances investments through borrowings under its revolving credit facilities, private placements or public offerings of its debt and equity securities, the assumption of secured indebtedness, retention of cash flow or a combination of these methods..