Omega Healthcare Investors, Inc. $OHI Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 8.4% during the third quarter, Holdings Channel.com reports. The firm owned 296,667 shares of the real estate investment trust’s stock after selling 27,113 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Omega Healthcare Investors were worth $13,739,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Omega Healthcare Investors in the second quarter valued at $1,838,155,000. Bank of New York Mellon Corp bought a new position in shares of Omega Healthcare Investors in the second quarter valued at about $275,230,000. Bank of America Corp DE bought a new position in shares of Omega Healthcare Investors in the second quarter valued at about $137,876,000. Legal & General Group Plc bought a new position in shares of Omega Healthcare Investors in the second quarter valued at about $88,363,000. Finally, Jupiter Topco LLC acquired a new position in Omega Healthcare Investors during the 2nd quarter worth about $50,271,000. Institutional investors own 65.25% of the company’s stock.

Wall Street Analyst Weigh In

OHI has been the topic of a number of research analyst reports. Citigroup raised shares of Omega Healthcare Investors from a “buy” rating to an “outperform” rating in a report on Thursday, October 22nd. Wells Fargo & Company reduced their target price on shares of Omega Healthcare Investors from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. UBS Group decreased their price target on shares of Omega Healthcare Investors from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Weiss Ratings reissued a “buy (b+)” rating on shares of Omega Healthcare Investors in a report on Friday, September 25th. Finally, Barclays lowered their price target on shares of Omega Healthcare Investors from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Tuesday, October 13th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.93.

Omega Healthcare Investors Trading Down 2.3%

OHI stock opened at $48.04 on Friday. The company has a quick ratio of 6.03, a current ratio of 6.22 and a debt-to-equity ratio of 0.70. Omega Healthcare Investors, Inc. has a twelve month low of $41.53 and a twelve month high of $52.39. The company has a market cap of $14.56 billion, a P/E ratio of 15.04, a PEG ratio of 1.99 and a beta of 0.56. The business has a fifty day moving average of $46.25 and a 200-day moving average of $46.67.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.20). The firm had revenue of $340.55 million during the quarter, compared to the consensus estimate of $269.16 million. Omega Healthcare Investors had a net margin of 58.11% and a return on equity of 13.66%. Omega Healthcare Investors’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 EPS. As a group, equities research analysts expect that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.68 per share. The ex-dividend date is Thursday, November 5th. This represents a $2.72 dividend on an annualized basis and a yield of 5.7%. Omega Healthcare Investors’s dividend payout ratio is presently 97.14%.

Omega Healthcare Investors Profile

Omega Healthcare Investors, Inc is a real estate investment trust focused on the healthcare sector. The company invests in and owns healthcare facilities, with a primary emphasis on skilled nursing and assisted living properties.

Omega generally leases its properties to healthcare operators under long-term agreements, supporting services for seniors and individuals who require post-acute, rehabilitative, or long-term care. Its portfolio has also included other healthcare-related properties, such as continuing care retirement communities and specialty facilities.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega serves healthcare operators across the United States and the United Kingdom.