Sheets Smith Wealth Management Cuts Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Sheets Smith Wealth Management trimmed its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,423 shares of the real estate investment trust’s stock after selling 425 shares during the quarter. Sheets Smith Wealth Management’s holdings in Omega Healthcare Investors were worth $994,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Peoples Bank KS purchased a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at approximately $33,000. NBC Securities Inc. purchased a new position in shares of Omega Healthcare Investors in the third quarter worth $34,000. GAMMA Investing LLC purchased a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at $35,000. Highlander Capital Management LLC increased its position in shares of Omega Healthcare Investors by 150.0% in the 4th quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 750 shares during the period. Finally, Clear Street Markets LLC purchased a new position in Omega Healthcare Investors in the 3rd quarter worth $73,000. 65.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Bank of America downgraded Omega Healthcare Investors from a “buy” rating to a “neutral” rating and dropped their price target for the company from $33.00 to $31.00 in a research note on Tuesday, January 16th. Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and increased their price target for the stock from $32.00 to $35.00 in a report on Friday, March 22nd. Truist Financial raised their price target on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. BNP Paribas raised shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective on the stock in a report on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Omega Healthcare Investors in a report on Tuesday, January 30th. They set a “buy” rating and a $36.00 target price for the company. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.63.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock traded down $0.30 on Monday, reaching $31.04. The company’s stock had a trading volume of 917,272 shares, compared to its average volume of 1,740,272. Omega Healthcare Investors, Inc. has a 52-week low of $27.53 and a 52-week high of $34.77. The company has a market capitalization of $7.66 billion, a P/E ratio of 28.07, a PEG ratio of 10.26 and a beta of 0.92. The company has a quick ratio of 6.76, a current ratio of 6.68 and a debt-to-equity ratio of 1.36. The stock has a 50-day moving average price of $30.98 and a 200-day moving average price of $30.97.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is presently 241.44%.

Omega Healthcare Investors Profile

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.