Mackenzie Financial Corp Reduces Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Mackenzie Financial Corp trimmed its position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 94.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Omega Healthcare Investors by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock valued at $1,440,646,000 after buying an additional 1,809,519 shares in the last quarter. Cohen & Steers Inc. raised its holdings in shares of Omega Healthcare Investors by 50.8% in the 4th 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 during the last quarter. Geode Capital Management LLC lifted its position in Omega Healthcare Investors by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock valued at $262,329,000 after acquiring an additional 503,190 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Omega Healthcare Investors by 22.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock valued at $183,205,000 after purchasing an additional 890,912 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Omega Healthcare Investors by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,986,226 shares of the real estate investment trust's stock valued at $150,879,000 after purchasing an additional 155,924 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on OHI. Wells Fargo & Company lowered their price target on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Truist Financial increased their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Omega Healthcare Investors presently has a consensus rating of "Hold" and a consensus target price of $41.88.

Omega Healthcare Investors Price Performance

OHI traded down $0.20 on Friday, reaching $37.41. The company had a trading volume of 3,268,541 shares, compared to its average volume of 2,003,192. The business has a 50 day simple moving average of $37.20 and a 200 day simple moving average of $37.57. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. The company 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, Inc. has a 52-week low of $31.43 and a 52-week high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $236.61 million. During the same period last year, the firm posted $0.68 EPS. Omega Healthcare Investors's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $0.67 per share. The ex-dividend date was Monday, May 5th. This represents a $2.68 annualized dividend and a yield of 7.16%. Omega Healthcare Investors's payout ratio is 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.