Omega Healthcare Investors, Inc. $OHI Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 802,310 shares of the real estate investment trust’s stock after selling 19,336 shares during the period. Rhumbline Advisers’ holdings in Omega Healthcare Investors were worth $33,873,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new position in Omega Healthcare Investors in the 2nd quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its holdings in shares of Omega Healthcare Investors by 40.9% in the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 268 shares in the last quarter. CENTRAL TRUST Co increased its stake in shares of Omega Healthcare Investors by 1,654.4% during the second quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 943 shares during the period. Salem Investment Counselors Inc. bought a new stake in Omega Healthcare Investors during the third quarter worth approximately $39,000. Finally, Bayforest Capital Ltd raised its holdings in Omega Healthcare Investors by 395.2% during the second quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 901 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

OHI has been the topic of several research analyst reports. Truist Financial lifted their price target on Omega Healthcare Investors from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, December 1st. BMO Capital Markets lowered Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 target price on the stock. in a report on Friday, January 9th. Royal Bank Of Canada boosted their price target on shares of Omega Healthcare Investors from $44.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $48.00 to $45.00 in a research report on Thursday, January 29th. Finally, UBS Group reiterated a “buy” rating and issued a $52.00 target price on shares of Omega Healthcare Investors in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.36.

Omega Healthcare Investors Trading Up 0.8%

Shares of OHI opened at $47.41 on Friday. The business’s 50-day moving average price is $44.46 and its 200 day moving average price is $42.94. The company has a current ratio of 5.04, a quick ratio of 7.11 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $14.01 billion, a P/E ratio of 24.57, a P/E/G ratio of 1.53 and a beta of 0.57. Omega Healthcare Investors, Inc. has a 1-year low of $35.04 and a 1-year high of $47.94.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th will be issued a dividend of $0.67 per share. The ex-dividend date is Monday, February 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.7%. Omega Healthcare Investors’s payout ratio is currently 138.86%.

Omega Healthcare Investors Company 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.