KBC Group NV Trims Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

KBC Group NV cut its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 48.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,222 shares of the real estate investment trust's stock after selling 12,339 shares during the period. KBC Group NV's holdings in Omega Healthcare Investors were worth $503,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its stake in Omega Healthcare Investors by 221.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 940,213 shares of the real estate investment trust's stock valued at $35,803,000 after acquiring an additional 647,832 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Omega Healthcare Investors by 556.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,028,187 shares of the real estate investment trust's stock worth $39,143,000 after buying an additional 871,472 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in Omega Healthcare Investors by 37.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 36,729 shares of the real estate investment trust's stock worth $1,399,000 after buying an additional 10,058 shares during the last quarter. Cornerstone Enterprises LLC lifted its position in Omega Healthcare Investors by 6.0% in the 1st quarter. Cornerstone Enterprises LLC now owns 135,830 shares of the real estate investment trust's stock worth $5,172,000 after buying an additional 7,652 shares during the last quarter. Finally, Aurora Private Wealth Inc. bought a new stake in Omega Healthcare Investors in the 1st quarter worth approximately $3,782,000. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Stock Up 0.4%

NYSE OHI traded up $0.15 on Friday, reaching $36.64. 1,153,528 shares of the stock traded hands, compared to its average volume of 2,083,076. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58. The company has a fifty day moving average price of $36.82 and a 200-day moving average price of $37.20. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.15 and a beta of 0.68. Omega Healthcare Investors, Inc. has a 12 month low of $33.43 and a 12 month high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 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 period in the previous year, the company posted $0.68 EPS. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, research analysts forecast 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 was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.31%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio is currently 166.46%.

Analysts Set New Price Targets

Several analysts have weighed in on OHI shares. Truist Financial boosted their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. Wells Fargo & Company reduced their price target on 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. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $41.88.

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.