Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Sold by Oak Thistle LLC

Key Points

• Oak Thistle LLC has reduced its stake in Omega Healthcare Investors, Inc. by 54.7%, selling 6,913 shares and now owning 5,736 shares valued at approximately $218,000.
• Wells Fargo upgraded Omega Healthcare Investors from an "equal weight" to an "overweight" rating, increasing the target price from $38 to $41, indicating positive market sentiment.
• The company recently announced a quarterly dividend of $0.67, translating to an annualized dividend yield of 6.85% and a payout ratio of 166.46%.

Oak Thistle LLC decreased its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 54.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,736 shares of the real estate investment trust's stock after selling 6,913 shares during the period. Oak Thistle LLC's holdings in Omega Healthcare Investors were worth $218,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in OHI. PFG Investments LLC lifted its holdings in shares of Omega Healthcare Investors by 20.4% in the 1st quarter. PFG Investments LLC now owns 70,762 shares of the real estate investment trust's stock valued at $2,695,000 after buying an additional 11,970 shares during the period. Advisors Capital Management LLC lifted its holdings in shares of Omega Healthcare Investors by 4.3% in the 4th quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust's stock valued at $28,836,000 after buying an additional 31,072 shares during the period. Columbus Macro LLC acquired a new stake in Omega Healthcare Investors in the first quarter valued at $6,353,000. GAMMA Investing LLC lifted its holdings in Omega Healthcare Investors by 4,248.2% in the first quarter. GAMMA Investing LLC now owns 174,102 shares of the real estate investment trust's stock valued at $6,630,000 after acquiring an additional 170,098 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in Omega Healthcare Investors by 10.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 84,064 shares of the real estate investment trust's stock valued at $3,182,000 after acquiring an additional 7,739 shares during the period. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Trading Up 2.0%

OHI traded up $0.78 during trading on Tuesday, hitting $39.02. The company's stock had a trading volume of 267,693 shares, compared to its average volume of 2,396,244. The firm's 50 day moving average price is $37.15 and its 200-day moving average price is $37.20. 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 stock has a market cap of $11.29 billion, a PE ratio of 24.23, a PEG ratio of 2.70 and a beta of 0.68. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $44.42.

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 EPS for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $228.38 million during the quarter, compared to analyst estimates of $236.61 million. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. On average, analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Monday, August 4th will be given a $0.67 dividend. The ex-dividend date is Monday, August 4th. This represents a $2.68 annualized dividend and a dividend yield of 6.87%. Omega Healthcare Investors's dividend payout ratio is presently 166.46%.

Analyst Ratings Changes

Separately, Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $38.00 to $41.00 in a research report on Monday, July 14th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $42.25.

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.