Johnson Investment Counsel Inc. Sells 7,551 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Johnson Investment Counsel Inc. cut its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 57.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in OHI. Principal Financial Group Inc. grew its position in shares of Omega Healthcare Investors by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 618,808 shares of the real estate investment trust's stock valued at $23,422,000 after purchasing an additional 22,404 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Omega Healthcare Investors by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 7,522 shares of the real estate investment trust's stock valued at $285,000 after purchasing an additional 367 shares in the last quarter. Truist Financial Corp boosted its stake in Omega Healthcare Investors by 1.7% during the fourth quarter. Truist Financial Corp now owns 22,449 shares of the real estate investment trust's stock valued at $850,000 after buying an additional 375 shares during the period. Venturi Wealth Management LLC boosted its stake in Omega Healthcare Investors by 55.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,960 shares of the real estate investment trust's stock valued at $74,000 after buying an additional 701 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in Omega Healthcare Investors by 1.6% during the fourth quarter. New York State Common Retirement Fund now owns 190,782 shares of the real estate investment trust's stock valued at $7,221,000 after buying an additional 3,000 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Price Performance

OHI stock traded down $0.19 during mid-day trading on Tuesday, hitting $37.11. 2,342,967 shares of the stock were exchanged, compared to its average volume of 2,065,364. 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 business has a fifty day moving average price of $37.06 and a 200 day moving average price of $37.33. Omega Healthcare Investors, Inc. has a 12 month low of $32.92 and a 12 month high of $44.42. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 2.19 and a beta of 0.69.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued 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. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The firm had revenue of $228.38 million during the quarter, compared to analyst estimates of $236.61 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company's revenue was up 13.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 166.46%.

Wall Street Analyst Weigh In

OHI has been the subject of several research analyst reports. Wells Fargo & Company dropped their price objective on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Truist Financial lifted their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $41.88.

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.