Brown Advisory Inc. Sells 23,708 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Brown Advisory Inc. cut its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 40.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,199 shares of the real estate investment trust's stock after selling 23,708 shares during the period. Brown Advisory Inc.'s holdings in Omega Healthcare Investors were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OHI. Steward Partners Investment Advisory LLC boosted its stake in Omega Healthcare Investors by 52.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,429 shares of the real estate investment trust's stock worth $206,000 after purchasing an additional 1,878 shares during the period. Victory Capital Management Inc. lifted its position in Omega Healthcare Investors by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 50,489 shares of the real estate investment trust's stock worth $1,911,000 after buying an additional 457 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Omega Healthcare Investors during the 4th quarter worth about $443,000. Raymond James Financial Inc. bought a new stake in Omega Healthcare Investors during the 4th quarter worth about $20,058,000. Finally, PNC Financial Services Group Inc. lifted its position in Omega Healthcare Investors by 12.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,593 shares of the real estate investment trust's stock worth $401,000 after buying an additional 1,137 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $38.00 to $41.00 in a research report on Monday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Omega Healthcare Investors has an average rating of "Hold" and an average price target of $42.25.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI traded down $0.17 on Thursday, reaching $37.81. 2,271,143 shares of the company's stock were exchanged, compared to its average volume of 2,124,380. The company has a fifty day moving average of $36.85 and a 200-day moving average of $37.16. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $44.42. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 2.62 and a beta of 0.68. The company has a current ratio of 6.58, a quick ratio of 6.58 and a debt-to-equity ratio of 0.90.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. On average, research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.09%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors's payout ratio is 166.46%.

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.