Omega Healthcare Investors, Inc. $OHI Stake Lessened by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 802,310 shares of the real estate investment trust’s stock after selling 19,336 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of Omega Healthcare Investors worth $33,873,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Omega Healthcare Investors by 29.4% during the first quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust’s stock worth $5,496,000 after purchasing an additional 32,798 shares during the last quarter. Focus Partners Wealth raised its stake in Omega Healthcare Investors by 3.1% during the first quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust’s stock valued at $756,000 after buying an additional 597 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Omega Healthcare Investors during the 2nd quarter worth approximately $257,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Omega Healthcare Investors by 11.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,922 shares of the real estate investment trust’s stock worth $1,133,000 after acquiring an additional 3,227 shares in the last quarter. Finally, CWM LLC grew its position in shares of Omega Healthcare Investors by 67.6% in the 2nd quarter. CWM LLC now owns 39,545 shares of the real estate investment trust’s stock worth $1,449,000 after acquiring an additional 15,947 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Up 0.8%

Omega Healthcare Investors stock opened at $47.41 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 7.11 and a current ratio of 5.04. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $47.94. The company has a 50-day simple moving average of $44.46 and a 200-day simple moving average of $42.94. The firm 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th will be paid a $0.67 dividend. The ex-dividend date is Monday, February 9th. This represents a $2.68 annualized dividend and a dividend yield of 5.7%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 138.86%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on OHI shares. BMO Capital Markets lowered Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 price target on the stock. in a research report on Friday, January 9th. Cantor Fitzgerald increased 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. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $48.00 to $45.00 in a report on Thursday, January 29th. Truist Financial boosted their price objective on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, December 1st. Finally, Citigroup reissued a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Omega Healthcare Investors in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.36.

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.