Everstar Asset Management LLC Sells 4,703 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Everstar Asset Management LLC reduced its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 26.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,977 shares of the real estate investment trust’s stock after selling 4,703 shares during the quarter. Everstar Asset Management LLC’s holdings in Omega Healthcare Investors were worth $491,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OHI. O Shaughnessy Asset Management LLC lifted its stake in Omega Healthcare Investors by 27.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,064 shares of the real estate investment trust’s stock valued at $381,000 after purchasing an additional 2,185 shares during the last quarter. California Public Employees Retirement System raised its stake in Omega Healthcare Investors by 3.6% in the fourth quarter. California Public Employees Retirement System now owns 1,209,407 shares of the real estate investment trust’s stock valued at $45,776,000 after buying an additional 42,512 shares during the period. Schroder Investment Management Group lifted its position in shares of Omega Healthcare Investors by 29.8% in the fourth quarter. Schroder Investment Management Group now owns 527,309 shares of the real estate investment trust’s stock valued at $19,779,000 after buying an additional 120,967 shares during the last quarter. Maridea Wealth Management LLC bought a new position in shares of Omega Healthcare Investors during the 4th quarter worth approximately $713,000. Finally, Slagle Financial LLC increased its holdings in shares of Omega Healthcare Investors by 7.6% during the 4th quarter. Slagle Financial LLC now owns 45,410 shares of the real estate investment trust’s stock worth $1,719,000 after acquiring an additional 3,188 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on OHI. BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Monday, December 9th. JMP Securities reiterated 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 report on Thursday, December 5th. Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $41.00 to $39.00 in a research report on Thursday. Finally, Truist Financial boosted their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Omega Healthcare Investors currently has an average rating of “Hold” and an average price target of $42.00.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $38.08 on Monday. The stock has a market capitalization of $10.73 billion, a PE ratio of 24.57, a P/E/G ratio of 1.09 and a beta of 1.00. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $44.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The business has a fifty day moving average price of $37.11 and a two-hundred day moving average price of $38.80.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data 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 net margin of 38.65% and a return on equity of 9.71%. As a group, equities analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given 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 7.04%. Omega Healthcare Investors’s dividend payout ratio is currently 172.90%.

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.