Guggenheim Capital LLC reduced its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 66.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,728 shares of the real estate investment trust's stock after selling 67,424 shares during the quarter. Guggenheim Capital LLC's holdings in Omega Healthcare Investors were worth $1,277,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in OHI. Vanguard Group Inc. raised its position 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 worth $1,440,646,000 after acquiring an additional 1,809,519 shares in the last quarter. Cohen & Steers Inc. boosted its holdings in shares of 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 valued at $992,467,000 after purchasing an additional 8,837,218 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 worth $262,329,000 after buying an additional 503,190 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Omega Healthcare Investors by 22.6% in 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 period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Omega Healthcare Investors by 4.1% during the 4th 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 buying an additional 155,924 shares during the period. Institutional investors own 65.25% of the company's stock.
Wall Street Analyst Weigh In
OHI has been the topic of a number of research analyst reports. Wells Fargo & Company cut shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $41.00 to $39.00 in a research report on Thursday, March 27th. Truist Financial boosted their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. Finally, JMP Securities reiterated a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Six investment 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, the company presently has an average rating of "Hold" and a consensus target price of $42.00.
View Our Latest Stock Report on Omega Healthcare Investors
Omega Healthcare Investors Price Performance
OHI traded down $0.10 during trading on Friday, reaching $37.75. 2,215,562 shares of the company traded hands, compared to its average volume of 1,867,222. The company has a market cap of $10.84 billion, a P/E ratio of 24.35, a PEG ratio of 1.09 and a beta of 0.75. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. Omega Healthcare Investors, Inc. has a 12-month low of $30.26 and a 12-month high of $44.42. The firm has a fifty day simple moving average of $37.42 and a 200 day simple moving average of $38.41.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, beating the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. On average, equities analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.
Omega Healthcare Investors Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.10%. Omega Healthcare Investors's payout ratio is 172.90%.
About Omega Healthcare Investors
(
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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