Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Sold by Summit Securities Group LLC

Summit Securities Group LLC reduced its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 55.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 800 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Summit Securities Group LLC’s holdings in Omega Healthcare Investors were worth $30,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Omega Healthcare Investors by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust’s stock worth $1,440,646,000 after buying an additional 1,809,519 shares in the last quarter. State Street Corp increased its stake in Omega Healthcare Investors by 0.9% in the 3rd quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust’s stock valued at $502,228,000 after purchasing an additional 114,085 shares in the last quarter. Geode Capital Management LLC raised its holdings in Omega Healthcare Investors by 3.1% during the third quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock worth $261,589,000 after purchasing an additional 192,465 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Omega Healthcare Investors by 22.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust’s stock worth $183,205,000 after purchasing an additional 890,912 shares in the last quarter. Finally, FMR LLC grew its holdings in Omega Healthcare Investors by 9.9% in the third quarter. FMR LLC now owns 4,216,835 shares of the real estate investment trust’s stock valued at $171,625,000 after purchasing an additional 380,626 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Up 1.5 %

Shares of Omega Healthcare Investors stock opened at $38.08 on Monday. Omega Healthcare Investors, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $44.42. The business’s fifty day moving average is $37.11 and its two-hundred day moving average is $38.80. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The firm has a market cap 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 (NYSE:OHI) last released its 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 company also recently declared 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 7.04%. Omega Healthcare Investors’s dividend payout ratio is presently 172.90%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OHI. Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $41.00 to $39.00 in a research note on Thursday. Truist Financial upped their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, March 18th. Mizuho raised their price objective on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 9th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of “Hold” and an average target price of $42.00.

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.