Vident Advisory LLC Reduces Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Vident Advisory LLC reduced its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 39.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,758 shares of the real estate investment trust's stock after selling 11,518 shares during the period. Vident Advisory LLC's holdings in Omega Healthcare Investors were worth $672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in 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 valued at $1,440,646,000 after buying an additional 1,809,519 shares during the last quarter. Cohen & Steers Inc. increased its holdings in Omega Healthcare Investors by 50.8% during the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock valued at $992,467,000 after buying an additional 8,837,218 shares during the last quarter. Geode Capital Management LLC increased its holdings in Omega Healthcare Investors by 7.8% during the fourth 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 buying an additional 503,190 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Omega Healthcare Investors by 22.6% during the fourth 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 buying an additional 890,912 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Omega Healthcare Investors by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,986,226 shares of the real estate investment trust's stock worth $150,879,000 after purchasing an additional 155,924 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $41.00 to $39.00 in a research note on Thursday, March 27th. Truist Financial increased their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. Finally, JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $42.00.

Omega Healthcare Investors Price Performance

OHI traded up $0.05 during trading on Friday, hitting $36.79. 388,474 shares of the company traded hands, compared to its average volume of 1,965,516. The company has a market cap of $10.65 billion, a PE ratio of 23.74, a P/E/G ratio of 1.09 and a beta of 0.73. The stock's 50-day simple moving average is $37.27 and its two-hundred day simple moving average is $37.72. Omega Healthcare Investors, Inc. has a 1 year low of $30.94 and a 1 year high of $44.42. 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 posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $228.38 million during the quarter, compared to analysts' expectations of $236.61 million. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. Omega Healthcare Investors's quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $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 fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently announced 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. The ex-dividend date was Monday, May 5th. This represents a $2.68 annualized dividend and a yield of 7.29%. Omega Healthcare Investors's payout ratio is 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.