Omega Healthcare Investors, Inc. $OHI Shares Sold by Centiva Capital LP

Centiva Capital LP reduced its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 65.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,026 shares of the real estate investment trust’s stock after selling 39,281 shares during the quarter. Centiva Capital LP’s holdings in Omega Healthcare Investors were worth $888,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mutual Advisors LLC raised its position in Omega Healthcare Investors by 8.5% in the third quarter. Mutual Advisors LLC now owns 327,383 shares of the real estate investment trust’s stock worth $13,321,000 after acquiring an additional 25,565 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Omega Healthcare Investors by 6.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,761,216 shares of the real estate investment trust’s stock valued at $158,799,000 after purchasing an additional 239,134 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of Omega Healthcare Investors in the 3rd quarter worth approximately $458,000. HBK Sorce Advisory LLC bought a new stake in shares of Omega Healthcare Investors in the 3rd quarter worth approximately $1,014,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Omega Healthcare Investors by 77.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock worth $144,278,000 after purchasing an additional 1,496,059 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OHI. Cantor Fitzgerald raised their target price on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. UBS Group reaffirmed a “buy” rating and issued a $52.00 price target on shares of Omega Healthcare Investors in a report on Friday, February 6th. Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $48.00 to $45.00 in a research report on Thursday, January 29th. Jefferies Financial Group reissued a “hold” rating and set a $45.00 price objective on shares of Omega Healthcare Investors in a research note on Monday, December 15th. Finally, Weiss Ratings cut Omega Healthcare Investors from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, March 5th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $47.82.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $48.05 on Monday. Omega Healthcare Investors, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $49.14. The firm’s 50 day simple moving average is $45.72 and its 200-day simple moving average is $43.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 5.04. The company has a market cap of $14.20 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 1.56 and a beta of 0.54.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 5.6%. The ex-dividend date was Monday, February 9th. Omega Healthcare Investors’s payout ratio is presently 138.86%.

Omega Healthcare Investors Profile

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.