Wealth Enhancement Advisory Services LLC Reduces Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Wealth Enhancement Advisory Services LLC reduced its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 46.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 296,585 shares of the real estate investment trust's stock after selling 257,701 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.11% of Omega Healthcare Investors worth $11,294,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. NBC Securities Inc. purchased a new position in Omega Healthcare Investors in the 1st quarter valued at approximately $29,000. Loomis Sayles & Co. L P boosted its holdings in Omega Healthcare Investors by 27.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 319 shares during the period. Dunhill Financial LLC boosted its holdings in Omega Healthcare Investors by 97.9% in the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 750 shares during the period. CoreCap Advisors LLC grew its stake in Omega Healthcare Investors by 177.3% during the 4th quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 1,009 shares in the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in Omega Healthcare Investors during the 4th quarter worth about $61,000. 65.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on OHI shares. Wells Fargo & Company decreased their price objective on 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 raised their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Omega Healthcare Investors presently has an average rating of "Hold" and an average target price of $41.88.

Omega Healthcare Investors Stock Down 1.1%

Shares of NYSE OHI traded down $0.42 during midday trading on Wednesday, hitting $36.69. 2,815,221 shares of the company's stock were exchanged, compared to its average volume of 2,069,854. The firm's fifty day simple moving average is $37.03 and its 200-day simple moving average is $37.32. The company has a market cap of $10.62 billion, a PE ratio of 22.79, a P/E/G ratio of 2.18 and a beta of 0.69. Omega Healthcare Investors, Inc. has a twelve month low of $32.92 and a twelve month high of $44.42. The company has a debt-to-equity ratio of 0.90, a current ratio of 6.58 and a quick ratio of 6.58.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings data 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 company had revenue of $228.38 million for the quarter, compared to analysts' expectations of $236.61 million. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned $0.68 earnings per share. Research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a $0.67 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a yield of 7.30%. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 166.46%.

Omega Healthcare Investors Company 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.