Atria Wealth Solutions Inc. Cuts Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Omega Healthcare Investors by 11.6% to 54,850 shares, valued at approximately $2.09 million, during the first quarter.
• Omega Healthcare Investors reported an EPS of $0.77 for the recent quarter, exceeding the consensus estimate of $0.45, with quarterly revenues of $235.60 million.
• The company announced a quarterly dividend of $0.67 per share, with a dividend yield of 6.7% and a payout ratio of 165.43%.

Atria Wealth Solutions Inc. cut its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 11.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,850 shares of the real estate investment trust's stock after selling 7,203 shares during the period. Atria Wealth Solutions Inc.'s holdings in Omega Healthcare Investors were worth $2,089,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OHI. NBC Securities Inc. purchased a new position in Omega Healthcare Investors in the first quarter worth $29,000. Dunhill Financial LLC grew its holdings in Omega Healthcare Investors by 97.9% in the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 750 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Omega Healthcare Investors by 177.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock worth $60,000 after buying an additional 1,009 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter worth $61,000. Finally, UMB Bank n.a. lifted its stake in shares of Omega Healthcare Investors by 94.9% during the first quarter. UMB Bank n.a. now owns 2,175 shares of the real estate investment trust's stock worth $83,000 after buying an additional 1,059 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OHI has been the subject of several research reports. Royal Bank Of Canada lifted their price objective on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $38.00 to $41.00 in a research note on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $42.00.

Omega Healthcare Investors Stock Performance

Shares of Omega Healthcare Investors stock traded up $0.28 during trading on Tuesday, hitting $40.47. 2,389,281 shares of the company's stock were exchanged, compared to its average volume of 2,090,066. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. The business has a 50-day simple moving average of $37.83 and a 200-day simple moving average of $37.39. Omega Healthcare Investors, Inc. has a 52-week low of $35.04 and a 52-week high of $44.42. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 2.78 and a beta of 0.66.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.32. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The company had revenue of $235.60 million during the quarter, compared to analysts' expectations of $248.49 million. During the same quarter in the previous year, the company earned $0.71 earnings per share. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. On average, research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Monday, August 4th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a yield of 6.6%. Omega Healthcare Investors's payout ratio is presently 165.43%.

Insiders Place Their Bets

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of Omega Healthcare Investors stock in a transaction on Friday, August 8th. The shares were sold at an average price of $40.16, for a total value of $100,400.00. Following the completion of the transaction, the director owned 18,654 shares of the company's stock, valued at approximately $749,144.64. The trade was a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company's stock.

Omega Healthcare Investors Company Profile

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.