Weaver C. Barksdale & Associates Inc. Trims Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Weaver C. Barksdale & Associates Inc. decreased its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.4% in the fourth quarter, Holdings Channel reports. The firm owned 29,207 shares of the real estate investment trust’s stock after selling 709 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in Omega Healthcare Investors were worth $1,105,000 at the end of the most recent quarter.

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

Omega Healthcare Investors Stock Down 1.3 %

Shares of OHI opened at $37.51 on Wednesday. The company’s fifty day moving average is $37.10 and its two-hundred day moving average is $38.85. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $44.42. The firm has a market cap of $10.57 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating 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 forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, February 10th. This represents a $2.68 annualized dividend and a yield of 7.14%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 172.90%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Truist Financial increased their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Mizuho boosted their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, 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 on the stock in a research note on Monday, December 9th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $42.25.

About Omega Healthcare Investors

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.