Centersquare Investment Management LLC Trims Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Key Points

• Centersquare Investment Management LLC has reduced its stake in Omega Healthcare Investors, Inc. by 21.5%, owning approximately 0.74% of the company after selling over 581,000 shares.
• Institutional investors have shown varying trends; for instance, Cohen & Steers Inc. increased its holding by 50.8%, while several others made smaller adjustments.
• The company reported earnings per share of $0.77 for the last quarter, exceeding expectations, and declared a quarterly dividend of $0.67 with a dividend yield of 6.7%.

Centersquare Investment Management LLC lowered its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 21.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,124,230 shares of the real estate investment trust's stock after selling 581,035 shares during the quarter. Centersquare Investment Management LLC owned about 0.74% of Omega Healthcare Investors worth $80,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cohen & Steers Inc. boosted its stake in 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 worth $992,467,000 after acquiring an additional 8,837,218 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Omega Healthcare Investors by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,892,553 shares of the real estate investment trust's stock worth $147,331,000 after acquiring an additional 111,474 shares in the last quarter. Northern Trust Corp boosted its stake in Omega Healthcare Investors by 49.4% during the fourth quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock worth $123,951,000 after acquiring an additional 1,083,326 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Omega Healthcare Investors by 6.4% during the first quarter. Bank of New York Mellon Corp now owns 3,123,152 shares of the real estate investment trust's stock worth $118,930,000 after acquiring an additional 188,481 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Omega Healthcare Investors by 10.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,837,732 shares of the real estate investment trust's stock worth $69,558,000 after acquiring an additional 175,768 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $38.00 to $41.00 in a research note on Monday, July 14th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $42.25.

Omega Healthcare Investors Stock Up 0.6%

Shares of Omega Healthcare Investors stock opened at $40.03 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 6.58 and a current ratio of 7.10. The stock has a market capitalization of $11.58 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66. Omega Healthcare Investors, Inc. has a 52-week low of $35.04 and a 52-week high of $44.42. The company has a 50-day simple moving average of $37.50 and a two-hundred day simple moving average of $37.29.

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

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 4th will be paid a $0.67 dividend. The ex-dividend date is Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.7%. Omega Healthcare Investors's payout ratio is currently 165.43%.

Omega Healthcare Investors 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.

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