Omega Healthcare Investors, Inc. $OHI Shares Sold by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC reduced its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 26.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,691,009 shares of the real estate investment trust’s stock after selling 621,882 shares during the period. Omega Healthcare Investors accounts for about 2.8% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 17th biggest holding. Lasalle Investment Management Securities LLC’s holdings in Omega Healthcare Investors were worth $71,394,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in Omega Healthcare Investors by 40.9% during the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 268 shares during the period. Guggenheim Capital LLC grew its position in shares of Omega Healthcare Investors by 1.0% during the second quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust’s stock worth $1,077,000 after acquiring an additional 280 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Omega Healthcare Investors by 11.0% in the 3rd quarter. UMB Bank n.a. now owns 2,965 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 293 shares during the period. Coldstream Capital Management Inc. increased its holdings in shares of Omega Healthcare Investors by 0.5% in the 2nd quarter. Coldstream Capital Management Inc. now owns 60,924 shares of the real estate investment trust’s stock valued at $2,233,000 after acquiring an additional 301 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Omega Healthcare Investors by 3.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 11,183 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

NYSE OHI opened at $48.32 on Friday. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.56 and a beta of 0.57. The business’s 50 day moving average is $45.02 and its two-hundred day moving average is $43.46. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $49.14. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.78.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were given a $0.67 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.68 annualized dividend and a yield of 5.5%. Omega Healthcare Investors’s dividend payout ratio is presently 138.86%.

Analysts Set New Price Targets

Several brokerages have issued reports on OHI. BMO Capital Markets downgraded shares of Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 price objective on the stock. in a research report on Friday, January 9th. Citigroup reissued a “buy” rating and set a $50.00 price target (up from $45.00) on shares of Omega Healthcare Investors in a report on Wednesday, November 12th. Royal Bank Of Canada upped their price objective on Omega Healthcare Investors from $44.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 10th. Jefferies Financial Group reaffirmed a “hold” rating and set a $45.00 price objective on shares of Omega Healthcare Investors in a research report on Monday, December 15th. Finally, Scotiabank boosted their target price on Omega Healthcare Investors from $42.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus 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.