Balyasny Asset Management L.P. Sells 2,116,686 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Balyasny Asset Management L.P. decreased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 98.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,508 shares of the real estate investment trust's stock after selling 2,116,686 shares during the period. Balyasny Asset Management L.P.'s holdings in Omega Healthcare Investors were worth $852,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OHI. Cohen & Steers Inc. lifted its holdings in shares of Omega Healthcare Investors by 50.8% during the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock valued at $992,467,000 after acquiring an additional 8,837,218 shares during the period. Norges Bank bought a new stake in Omega Healthcare Investors in the fourth quarter valued at about $110,160,000. Vanguard Group Inc. increased its holdings in shares of Omega Healthcare Investors by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock worth $1,440,646,000 after acquiring an additional 1,809,519 shares in the last quarter. Northern Trust Corp lifted its position in Omega Healthcare Investors by 49.4% in the 4th quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock valued at $123,951,000 after acquiring an additional 1,083,326 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Omega Healthcare Investors by 22.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock worth $183,205,000 after buying an additional 890,912 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Stock Up 0.6%

Shares of Omega Healthcare Investors stock traded up $0.21 on Monday, reaching $37.24. The company's stock had a trading volume of 1,023,580 shares, compared to its average volume of 2,380,109. Omega Healthcare Investors, Inc. has a 52 week low of $30.56 and a 52 week high of $44.42. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 1.09 and a beta of 0.73. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The firm's fifty day simple moving average is $37.43 and its two-hundred day simple moving average is $37.93.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The business had revenue of $228.38 million during the quarter, compared to analyst estimates of $236.61 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. Omega Healthcare Investors's revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.68 annualized dividend and a yield of 7.20%. Omega Healthcare Investors's payout ratio is 166.46%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OHI shares. Wells Fargo & Company cut Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $41.00 to $39.00 in a report on Thursday, March 27th. JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, Truist Financial raised their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $42.00.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.