Los Angeles Capital Management LLC Sells 25,850 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Los Angeles Capital Management LLC trimmed its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 14.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 153,334 shares of the real estate investment trust’s stock after selling 25,850 shares during the period. Los Angeles Capital Management LLC owned approximately 0.06% of Omega Healthcare Investors worth $5,804,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Stonebridge Financial Group LLC bought a new position in Omega Healthcare Investors during the fourth quarter worth $26,000. Grove Bank & Trust bought a new position in shares of Omega Healthcare Investors during the 4th quarter worth about $30,000. True Wealth Design LLC bought a new position in shares of Omega Healthcare Investors during the 3rd quarter worth about $31,000. Dunhill Financial LLC acquired a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at about $31,000. Finally, Kentucky Trust Co acquired a new position in Omega Healthcare Investors during the 4th quarter worth approximately $38,000. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on OHI. Royal Bank of Canada raised their price objective on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Monday, December 9th. Mizuho raised their price objective on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Finally, BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Omega Healthcare Investors presently has an average rating of “Moderate Buy” and an average target price of $41.67.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $36.62 on Thursday. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. The stock has a fifty day simple moving average of $37.25 and a two-hundred day simple moving average of $39.03. Omega Healthcare Investors, Inc. has a 1-year low of $29.66 and a 1-year high of $44.42. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. Analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 7.32%. Omega Healthcare Investors’s payout ratio is 172.90%.

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, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.