Tobam Cuts Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Tobam lessened its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 33.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,875 shares of the real estate investment trust's stock after selling 118,067 shares during the period. Tobam owned approximately 0.09% of Omega Healthcare Investors worth $7,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC raised its holdings in shares of Omega Healthcare Investors by 2,977.2% during the fourth quarter. International Assets Investment Management LLC now owns 129,089 shares of the real estate investment trust's stock worth $4,210,000 after purchasing an additional 124,894 shares during the last quarter. Pinion Investment Advisors LLC purchased a new position in shares of Omega Healthcare Investors during the fourth quarter worth $345,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Omega Healthcare Investors by 9.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,890 shares of the real estate investment trust's stock worth $20,355,000 after purchasing an additional 58,198 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Omega Healthcare Investors by 8.0% during the fourth quarter. New York State Teachers Retirement System now owns 331,460 shares of the real estate investment trust's stock worth $10,163,000 after purchasing an additional 24,579 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Omega Healthcare Investors by 699.4% in the fourth quarter. Allworth Financial LP now owns 2,854 shares of the real estate investment trust's stock valued at $87,000 after buying an additional 2,497 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Analyst Ratings Changes

OHI has been the subject of a number of recent analyst reports. Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the company a "hold" rating in a report on Tuesday, April 2nd. Citigroup raised shares of Omega Healthcare Investors from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $32.00 to $35.00 in a report on Friday, March 22nd. Mizuho cut their price objective on shares of Omega Healthcare Investors from $35.00 to $34.00 and set a "buy" rating for the company in a report on Wednesday, January 3rd. Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $31.00 to $35.00 in a report on Monday, February 26th. Finally, Bank of America cut shares of Omega Healthcare Investors from a "buy" rating to a "neutral" rating and cut their price objective for the company from $33.00 to $31.00 in a report on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Omega Healthcare Investors currently has an average rating of "Hold" and a consensus price target of $33.58.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI traded down $0.14 during trading on Tuesday, hitting $31.85. The company had a trading volume of 986,529 shares, compared to its average volume of 1,815,112. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 10.46 and a beta of 0.91. Omega Healthcare Investors, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $34.77. The stock has a fifty day simple moving average of $30.80 and a two-hundred day simple moving average of $31.34. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 1.35.

Omega Healthcare Investors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were given a dividend of $0.67 per share. The ex-dividend date was Friday, February 2nd. This is a positive change from Omega Healthcare Investors's previous quarterly dividend of $0.18. This represents a $2.68 dividend on an annualized basis and a yield of 8.42%. Omega Healthcare Investors's payout ratio is presently 270.71%.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.