Summit Place Financial Advisors LLC Reduces Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Summit Place Financial Advisors LLC trimmed its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 26.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,693 shares of the real estate investment trust's stock after selling 9,969 shares during the period. Summit Place Financial Advisors LLC's holdings in Omega Healthcare Investors were worth $1,055,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in OHI. Vanguard Group Inc. boosted its position in shares of Omega Healthcare Investors by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock worth $1,440,646,000 after acquiring an additional 1,809,519 shares during the last quarter. Cohen & Steers Inc. lifted its stake in 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 purchasing an additional 8,837,218 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Omega Healthcare Investors by 7.8% during 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 purchasing an additional 503,190 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of 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. grew its position in shares of Omega Healthcare Investors by 4.1% during the fourth 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 in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on OHI. Truist Financial boosted their target price on 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 reduced their price objective on 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $41.88.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock traded up $0.15 during trading hours on Friday, reaching $36.64. The company's stock had a trading volume of 1,153,528 shares, compared to its average volume of 2,083,076. The firm has a 50 day moving average price of $36.84 and a 200-day moving average price of $37.22. The company has a debt-to-equity ratio of 0.90, a current ratio of 6.58 and a quick ratio of 6.58. The stock has a market cap of $10.60 billion, a P/E ratio of 22.76, a P/E/G ratio of 2.15 and a beta of 0.68. Omega Healthcare Investors, Inc. has a one year low of $33.43 and a one year high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The company had revenue of $228.38 million during the quarter, compared to analyst estimates of $236.61 million. During the same quarter last year, the business posted $0.68 earnings per share. The firm's revenue was up 13.8% on a year-over-year basis. On average, analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio (DPR) 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.