Strategic Wealth Partners Ltd. trimmed its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 68.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,107 shares of the real estate investment trust's stock after selling 15,724 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in Omega Healthcare Investors were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in OHI. Stonebridge Financial Group LLC bought a new stake in shares of Omega Healthcare Investors during the 4th quarter worth $26,000. Grove Bank & Trust purchased a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at $30,000. Kentucky Trust Co purchased a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at $38,000. UMB Bank n.a. lifted its holdings in shares of Omega Healthcare Investors by 68.6% in the fourth quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 454 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Omega Healthcare Investors by 44.5% in 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 in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.
Omega Healthcare Investors Stock Performance
OHI stock traded up $0.22 during trading on Friday, reaching $36.22. 1,814,160 shares of the stock were exchanged, compared to its average volume of 1,966,852. Omega Healthcare Investors, Inc. has a twelve month low of $30.75 and a twelve month high of $44.42. The company has a market capitalization of $10.48 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. The stock has a 50 day simple moving average of $37.36 and a 200-day simple moving average of $37.83. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting analysts' consensus estimates of $0.75. The business had revenue of $228.38 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business earned $0.68 earnings per share. As a group, sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.
Omega Healthcare Investors Announces Dividend
The firm also recently announced 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. This represents a $2.68 annualized dividend and a dividend yield of 7.40%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's payout ratio is 166.46%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on OHI shares. Wells Fargo & Company lowered Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $41.00 to $39.00 in a report on Thursday, March 27th. JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Finally, Truist Financial increased their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Omega Healthcare Investors has a consensus rating of "Hold" and a consensus price target of $42.00.
View Our Latest Stock Report on Omega Healthcare Investors
Omega Healthcare Investors Profile
(
Free Report)
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.
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