Omega Healthcare Investors, Inc. $OHI Shares Sold by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas cut its stake in Omega Healthcare Investors (NYSE:OHI) by 29% in Q4, selling 32,340 shares and retaining 79,126 shares valued at $3.508 million.
• Omega Healthcare announced a quarterly dividend of $0.67 per share (annualized $2.68) for a yield of 5.7% with an ex-dividend/record date of May 4, though the payout ratio is a high 138.86%.
• Analysts are mixed: MarketBeat shows a consensus rating of Hold with an average price target of $47.83 after several price-target revisions and both upgrades and downgrades.

Teacher Retirement System of Texas reduced its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 29.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,126 shares of the real estate investment trust's stock after selling 32,340 shares during the quarter. Teacher Retirement System of Texas' holdings in Omega Healthcare Investors were worth $3,508,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Invesco Ltd. grew its stake in shares of Omega Healthcare Investors by 101.7% during the 3rd quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust's stock worth $208,775,000 after purchasing an additional 2,493,877 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Omega Healthcare Investors by 77.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust's stock valued at $144,278,000 after purchasing an additional 1,496,059 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Omega Healthcare Investors by 84.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,058,031 shares of the real estate investment trust's stock valued at $129,110,000 after purchasing an additional 1,401,066 shares during the period. Vanguard Group Inc. boosted its holdings in Omega Healthcare Investors by 3.4% during the third quarter. Vanguard Group Inc. now owns 42,152,368 shares of the real estate investment trust's stock worth $1,779,673,000 after buying an additional 1,386,887 shares in the last quarter. Finally, State Street Corp boosted its holdings in Omega Healthcare Investors by 4.8% during the second quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust's stock worth $534,792,000 after buying an additional 671,473 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OHI has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Omega Healthcare Investors from a "buy (b+)" rating to a "buy (a-)" rating in a report on Tuesday, April 21st. BMO Capital Markets lowered shares of Omega Healthcare Investors from an "outperform" rating to a "market perform" rating and set a $45.00 target price on the stock. in a research note on Friday, January 9th. Scotiabank raised their target price on Omega Healthcare Investors from $45.00 to $48.00 and gave the company a "sector perform" rating in a research report on Monday, March 2nd. Cantor Fitzgerald lifted their price target on Omega Healthcare Investors from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Tuesday, February 10th. Finally, Wells Fargo & Company upped their price target on Omega Healthcare Investors from $45.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Omega Healthcare Investors has a consensus rating of "Hold" and an average price target of $47.83.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $46.70 on Tuesday. The firm has a market cap of $13.91 billion, a PE ratio of 24.19, a PEG ratio of 2.07 and a beta of 0.59. The firm has a fifty day moving average of $46.38 and a 200 day moving average of $44.71. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.04 and a current ratio of 5.04. Omega Healthcare Investors, Inc. has a one year low of $35.08 and a one year high of $49.14.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.7%. Omega Healthcare Investors's payout ratio is currently 138.86%.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company's core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.

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