Mackenzie Financial Corp Sells 162,268 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Mackenzie Financial Corp trimmed its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 94.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,617 shares of the real estate investment trust's stock after selling 162,268 shares during the period. Mackenzie Financial Corp's holdings in Omega Healthcare Investors were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Johnson Investment Counsel Inc. increased its holdings in Omega Healthcare Investors by 2.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 13,147 shares of the real estate investment trust's stock worth $498,000 after purchasing an additional 295 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Omega Healthcare Investors by 5.9% during the 4th quarter. Bessemer Group Inc. now owns 5,443 shares of the real estate investment trust's stock worth $207,000 after acquiring an additional 303 shares in the last quarter. US Bancorp DE raised its holdings in shares of Omega Healthcare Investors by 1.9% in the fourth quarter. US Bancorp DE now owns 16,173 shares of the real estate investment trust's stock valued at $612,000 after purchasing an additional 309 shares during the last quarter. Samalin Investment Counsel LLC lifted its position in shares of Omega Healthcare Investors by 1.5% in the fourth quarter. Samalin Investment Counsel LLC now owns 21,582 shares of the real estate investment trust's stock worth $817,000 after purchasing an additional 314 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in Omega Healthcare Investors by 27.6% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 319 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OHI has been the topic of several recent research reports. JMP Securities reiterated a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Wells Fargo & Company decreased their price objective on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Truist Financial increased their price target on shares of 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 issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $41.88.

Omega Healthcare Investors Stock Performance

OHI traded down $0.20 during trading on Friday, hitting $37.41. The stock had a trading volume of 3,268,541 shares, compared to its average volume of 1,995,088. 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 company has a 50 day moving average price of $37.22 and a 200-day moving average price of $37.63. Omega Healthcare Investors, Inc. has a one year low of $31.43 and a one year high of $44.42. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 1.09 and a beta of 0.69.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.75. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. The firm had revenue of $228.38 million during the quarter, compared to the consensus estimate of $236.61 million. During the same quarter in the previous year, the firm 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 predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued 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 7.16%. Omega Healthcare Investors's dividend payout ratio is presently 166.46%.

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.