Johnson Investment Counsel Inc. Has $213,000 Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Johnson Investment Counsel Inc. decreased its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 57.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,596 shares of the real estate investment trust's stock after selling 7,551 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Omega Healthcare Investors were worth $213,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of OHI. State of Alaska Department of Revenue lifted its holdings in Omega Healthcare Investors by 2.4% during the first quarter. State of Alaska Department of Revenue now owns 164,769 shares of the real estate investment trust's stock worth $6,273,000 after acquiring an additional 3,880 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Omega Healthcare Investors by 2.5% during the first quarter. Cornerstone Wealth Management LLC now owns 59,751 shares of the real estate investment trust's stock worth $2,275,000 after purchasing an additional 1,468 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Omega Healthcare Investors by 0.5% during the 1st quarter. QRG Capital Management Inc. now owns 69,499 shares of the real estate investment trust's stock valued at $2,647,000 after purchasing an additional 341 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Omega Healthcare Investors by 5.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,453 shares of the real estate investment trust's stock valued at $1,312,000 after purchasing an additional 1,651 shares during the period. Finally, Columbus Macro LLC acquired a new position in shares of Omega Healthcare Investors in the 1st quarter valued at approximately $6,353,000. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Stock Down 0.5%

OHI stock traded down $0.18 during midday trading on Friday, hitting $36.58. The company's stock had a trading volume of 3,675,838 shares, compared to its average volume of 2,467,556. The company's fifty day moving average price is $37.00 and its 200 day moving average price is $37.31. The company has a debt-to-equity ratio of 0.90, a current ratio of 6.58 and a quick ratio of 6.58. Omega Healthcare Investors, Inc. has a twelve month low of $33.43 and a twelve month high of $44.42. The stock has a market capitalization of $10.58 billion, a P/E ratio of 22.72, a PEG ratio of 2.16 and a beta of 0.69.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its 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. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The business had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. During the same quarter in the prior year, the company posted $0.68 earnings per share. Omega Healthcare Investors's revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed 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 7.33%. Omega Healthcare Investors's dividend payout ratio is 166.46%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OHI shares. Wells Fargo & Company cut their price target on shares of Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Truist Financial increased their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $41.88.

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.