Teacher Retirement System of Texas Sells 37,679 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Teacher Retirement System of Texas cut its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 26.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,600 shares of the real estate investment trust's stock after selling 37,679 shares during the quarter. Teacher Retirement System of Texas' holdings in Omega Healthcare Investors were worth $3,983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. PFG Investments LLC lifted its stake in shares of Omega Healthcare Investors by 20.4% in the first quarter. PFG Investments LLC now owns 70,762 shares of the real estate investment trust's stock worth $2,695,000 after buying an additional 11,970 shares during the last quarter. Advisors Capital Management LLC lifted its stake in shares of Omega Healthcare Investors by 4.3% in the fourth quarter. Advisors Capital Management LLC now owns 761,858 shares of the real estate investment trust's stock worth $28,836,000 after buying an additional 31,072 shares during the last quarter. Columbus Macro LLC acquired a new stake in shares of Omega Healthcare Investors in the first quarter worth $6,353,000. GAMMA Investing LLC lifted its stake in shares of Omega Healthcare Investors by 4,248.2% in the first quarter. GAMMA Investing LLC now owns 174,102 shares of the real estate investment trust's stock worth $6,630,000 after buying an additional 170,098 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Omega Healthcare Investors by 10.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 84,064 shares of the real estate investment trust's stock worth $3,182,000 after buying an additional 7,739 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Truist Financial boosted 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. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $41.88.

Omega Healthcare Investors Stock Performance

OHI stock traded down $0.19 on Tuesday, reaching $36.30. 1,739,253 shares of the company were exchanged, compared to its average volume of 2,441,028. The firm has a market capitalization of $10.51 billion, a PE ratio of 22.55, a PEG ratio of 2.15 and a beta of 0.68. 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's fifty day moving average price is $36.79 and its 200 day moving average price is $37.19. Omega Healthcare Investors, Inc. has a 12 month low of $33.43 and a 12 month high of $44.42.

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

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.38%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 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.