Cerity Partners LLC Cuts Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Cerity Partners LLC lessened its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 252,037 shares of the real estate investment trust's stock after selling 7,732 shares during the quarter. Cerity Partners LLC owned 0.09% of Omega Healthcare Investors worth $9,598,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. NBC Securities Inc. acquired a new stake in shares of Omega Healthcare Investors during the first quarter worth about $29,000. Loomis Sayles & Co. L P lifted its holdings in shares of Omega Healthcare Investors by 27.6% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 319 shares during the period. Dunhill Financial LLC lifted its holdings in shares of Omega Healthcare Investors by 97.9% during 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 period. CoreCap Advisors LLC lifted its holdings 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 purchasing an additional 1,009 shares during the period. Finally, Park Square Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter worth about $61,000. Institutional investors and hedge funds own 65.25% of the company's stock.

Wall Street Analyst Weigh In

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

Omega Healthcare Investors Stock Performance

OHI stock traded up $0.13 during trading on Friday, hitting $37.93. 528,169 shares of the company traded hands, compared to its average volume of 2,118,155. The stock's 50-day simple moving average is $36.85 and its 200 day simple moving average is $37.16. The company has a debt-to-equity ratio of 0.90, a current ratio of 6.58 and a quick ratio of 6.58. The company has a market cap of $10.98 billion, a PE ratio of 23.57, a P/E/G ratio of 2.62 and a beta of 0.68. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $44.42.

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

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 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.