Sound Income Strategies LLC Sells 132,170 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Sound Income Strategies LLC cut its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 94.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,892 shares of the real estate investment trust's stock after selling 132,170 shares during the quarter. Sound Income Strategies LLC's holdings in Omega Healthcare Investors were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in Omega Healthcare Investors during the first quarter valued at $29,000. V Square Quantitative Management LLC lifted its position in Omega Healthcare Investors by 44.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,410 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 434 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in Omega Healthcare Investors by 27.6% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust's stock worth $56,000 after buying an additional 319 shares in the last quarter. Dunhill Financial LLC increased its holdings in shares of Omega Healthcare Investors by 97.9% in the 4th quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock worth $57,000 after buying an additional 750 shares during the last quarter. Finally, CoreCap Advisors LLC increased its holdings in shares of Omega Healthcare Investors by 177.3% in the 4th quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock worth $60,000 after buying an additional 1,009 shares during the last quarter. Institutional investors own 65.25% of the company's stock.

Wall Street Analysts Forecast Growth

OHI has been the subject of several research reports. Truist Financial upped 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 report on Tuesday, March 18th. Wells Fargo & Company dropped their target price on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, June 2nd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $41.88.

Omega Healthcare Investors Stock Down 2.5%

OHI traded down $0.93 on Monday, hitting $36.10. The company had a trading volume of 2,663,733 shares, compared to its average volume of 2,405,061. Omega Healthcare Investors, Inc. has a 52-week low of $32.06 and a 52-week high of $44.42. The stock has a fifty day simple moving average of $37.16 and a 200-day simple moving average of $37.45. 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 firm has a market capitalization of $10.45 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.09 and a beta of 0.69.

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 for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $228.38 million for the quarter, compared to analysts' expectations of $236.61 million. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. As a group, equities analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.42%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors's payout ratio is currently 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.