Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. lowered its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 9.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,860 shares of the real estate investment trust’s stock after selling 938 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Omega Healthcare Investors were worth $335,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in OHI. UMB Bank n.a. boosted its position in shares of Omega Healthcare Investors by 353.4% in the third quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 516 shares during the period. True Wealth Design LLC acquired a new stake in Omega Healthcare Investors in the third quarter valued at approximately $31,000. Dunhill Financial LLC purchased a new stake in shares of Omega Healthcare Investors during the third quarter valued at approximately $31,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Omega Healthcare Investors during the third quarter worth $33,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of Omega Healthcare Investors by 49.5% in the third quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 323 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

OHI opened at $37.36 on Thursday. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10. The company’s 50-day moving average price is $39.04 and its 200 day moving average price is $38.78. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $44.42. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.22 and a beta of 0.99.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 7.17%. The ex-dividend date of this dividend was Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 197.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $43.00 price objective (up from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday, October 1st. Royal Bank of Canada raised their price target on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a research note on Thursday, October 31st. Berenberg Bank initiated coverage on shares of Omega Healthcare Investors in a research note on Friday, October 18th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, Mizuho boosted their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Omega Healthcare Investors has a consensus rating of “Moderate Buy” and a consensus target price of $40.18.

Omega Healthcare Investors Company 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, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.