Oppenheimer & Co. Inc. Cuts Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Oppenheimer & Co. Inc. trimmed its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 17.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,351 shares of the real estate investment trust's stock after selling 10,061 shares during the period. Oppenheimer & Co. Inc.'s holdings in Omega Healthcare Investors were worth $1,765,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OHI. Johnson Investment Counsel Inc. increased its position in shares of 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 valued at $498,000 after purchasing an additional 295 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Omega Healthcare Investors by 5.9% in the fourth quarter. Bessemer Group Inc. now owns 5,443 shares of the real estate investment trust's stock worth $207,000 after buying an additional 303 shares during the last quarter. US Bancorp DE grew its position in Omega Healthcare Investors by 1.9% during the fourth quarter. US Bancorp DE now owns 16,173 shares of the real estate investment trust's stock valued at $612,000 after buying an additional 309 shares during the period. Samalin Investment Counsel LLC increased its holdings in Omega Healthcare Investors by 1.5% during the fourth quarter. Samalin Investment Counsel LLC now owns 21,582 shares of the real estate investment trust's stock valued at $817,000 after buying an additional 314 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased 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 valued at $56,000 after buying an additional 319 shares during the last quarter. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI traded up $0.04 during midday trading on Tuesday, reaching $36.69. The stock had a trading volume of 2,227,765 shares, compared to its average volume of 2,076,487. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 2.16 and a beta of 0.68. Omega Healthcare Investors, Inc. has a 12-month low of $33.43 and a 12-month high of $44.42. The stock has a 50-day moving average of $36.90 and a 200-day moving average of $37.24. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.75. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The business had revenue of $228.38 million during the quarter, compared to analyst estimates of $236.61 million. During the same quarter in the prior year, the business 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, research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors 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 dividend on an annualized basis and a yield of 7.30%. Omega Healthcare Investors's dividend payout ratio is presently 166.46%.

Analyst Ratings Changes

Several research analysts have recently weighed in on OHI shares. Wells Fargo & Company dropped their price target on shares of Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Truist Financial lifted their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $41.88.

Omega Healthcare Investors Company 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.