Rench Wealth Management buys $3.4 Million stake in Omega Healthcare Investors Inc (OHI)

Omega Healthcare Investors Inc (OHI) : Rench Wealth Management scooped up 5,590 additional shares in Omega Healthcare Investors Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 103,818 shares of Omega Healthcare Investors Inc which is valued at $3.4 Million.Omega Healthcare Investors Inc makes up approximately 2.85% of Rench Wealth Management’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in OHI in the latest quarter, The investment management firm added 183 additional shares and now holds a total of 325,524 shares of Omega Healthcare Investors Inc which is valued at $10.6 Million. Omega Healthcare Investors Inc makes up approx 0.01% of Oppenheimerfunds’s portfolio.Keybank National Associationoh reduced its stake in OHI by selling 11,720 shares or 18.87% in the most recent quarter. The Hedge Fund company now holds 50,398 shares of OHI which is valued at $1.6 Million. Omega Healthcare Investors Inc makes up approx 0.01% of Keybank National Associationoh’s portfolio.Forum Securities Ltd reduced its stake in OHI by selling 10,176 shares or 34.96% in the most recent quarter. The Hedge Fund company now holds 18,934 shares of OHI which is valued at $618,763. Omega Healthcare Investors Inc makes up approx 1.58% of Forum Securities Ltd’s portfolio.Advantus Capital Management Inc boosted its stake in OHI in the latest quarter, The investment management firm added 12,641 additional shares and now holds a total of 176,709 shares of Omega Healthcare Investors Inc which is valued at $5.8 Million. Omega Healthcare Investors Inc makes up approx 0.17% of Advantus Capital Management Inc’s portfolio.Profund Advisors boosted its stake in OHI in the latest quarter, The investment management firm added 2,131 additional shares and now holds a total of 29,786 shares of Omega Healthcare Investors Inc which is valued at $1 Million. Omega Healthcare Investors Inc makes up approx 0.05% of Profund Advisors’s portfolio.

Omega Healthcare Investors Inc opened for trading at $31.01 and hit $31.16 on the upside on Friday, eventually ending the session at $31.1, with a gain of 0.75% or 0.23 points. The heightened volatility saw the trading volume jump to 13,22,285 shares. Company has a market cap of $5,852 M.

On the company’s financial health, Omega Healthcare Investors Inc reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.81. The company had revenue of $212.90 million for the quarter, compared to analysts expectations of $174.42 million. The company’s revenue was up 59.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on Omega Healthcare Investors Inc. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $35 .Company shares were Reiterated by Stifel on Mar 15, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Omega Healthcare Investors Inc was Upgraded by Jefferies to ” Buy” on Feb 25, 2016.

Omega Healthcare Investors Inc. (Omega) is a self-administered real estate investment trust (REIT). The Company invests in income producing healthcare facilities long-term care facilities located throughout the United States. 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. It finances investments through borrowings under its revolving credit facilities private placements or public offerings of its debt and equity securities secured indebtedness retention of cash flow or a combination of these methods. Its portfolio of real estate investments include over 900 properties located in 41 states and operated by 81 different operators. Its portfolio includes healthcare facilities and mortgages on healthcare facilities. It also offers fixed-rate mortgage loans.

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