Nuveen Asset Management LLC Decreases Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Nuveen Asset Management LLC lowered its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 21.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 947,340 shares of the real estate investment trust's stock after selling 255,815 shares during the period. Nuveen Asset Management LLC owned approximately 0.35% of Omega Healthcare Investors worth $35,857,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Omega Healthcare Investors by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock worth $1,440,646,000 after purchasing an additional 1,809,519 shares during the period. Cohen & Steers Inc. boosted its holdings in Omega Healthcare Investors by 50.8% in the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock worth $992,467,000 after acquiring an additional 8,837,218 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Omega Healthcare Investors by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock worth $262,329,000 after acquiring an additional 503,190 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Omega Healthcare Investors by 22.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock worth $183,205,000 after acquiring an additional 890,912 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Omega Healthcare Investors by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,986,226 shares of the real estate investment trust's stock worth $150,879,000 after acquiring an additional 155,924 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on OHI shares. Truist Financial increased their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Wells Fargo & Company lowered Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $41.00 to $39.00 in a report on Thursday, March 27th. Finally, JMP Securities reiterated a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $42.00.

Omega Healthcare Investors Stock Up 0.6%

Shares of OHI stock traded up $0.22 during trading hours on Friday, reaching $36.22. The company had a trading volume of 1,814,160 shares, compared to its average volume of 1,962,482. Omega Healthcare Investors, Inc. has a 12 month low of $30.75 and a 12 month high of $44.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The business has a fifty day simple moving average of $37.36 and a 200-day simple moving average of $37.84. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The company had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. During the same quarter last year, the company earned $0.68 earnings per share. The company's revenue for the quarter was up 13.8% on a year-over-year basis. On average, research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.67 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.40%. Omega Healthcare Investors's dividend payout ratio is presently 166.46%.

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.