Foster & Motley Inc. Trims Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Foster & Motley Inc. cut its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 55.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,902 shares of the real estate investment trust's stock after selling 25,864 shares during the period. Foster & Motley Inc.'s holdings in Omega Healthcare Investors were worth $641,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Significant Wealth Partners LLC acquired a new position in Omega Healthcare Investors in the fourth quarter valued at about $422,000. Rainey & Randall Investment Management Inc. grew its stake in Omega Healthcare Investors by 19.5% in the fourth quarter. Rainey & Randall Investment Management Inc. now owns 154,886 shares of the real estate investment trust's stock valued at $4,749,000 after acquiring an additional 25,316 shares during the period. Capital Investment Advisory Services LLC grew its stake in Omega Healthcare Investors by 1.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 27,345 shares of the real estate investment trust's stock valued at $838,000 after acquiring an additional 422 shares during the period. Handelsbanken Fonder AB grew its stake in Omega Healthcare Investors by 42.1% in the fourth quarter. Handelsbanken Fonder AB now owns 52,313 shares of the real estate investment trust's stock valued at $1,604,000 after acquiring an additional 15,500 shares during the period. Finally, Signaturefd LLC grew its stake in Omega Healthcare Investors by 27.6% in the fourth quarter. Signaturefd LLC now owns 8,803 shares of the real estate investment trust's stock valued at $270,000 after acquiring an additional 1,904 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Omega Healthcare Investors Stock Performance

NYSE:OHI traded down $0.01 on Wednesday, hitting $30.68. The company's stock had a trading volume of 1,011,363 shares, compared to its average volume of 1,752,762. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 1.35. The stock has a fifty day moving average of $31.01 and a two-hundred day moving average of $31.15. The firm has a market capitalization of $7.53 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 9.91 and a beta of 0.91. Omega Healthcare Investors, Inc. has a one year low of $26.00 and a one year high of $34.77.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 8.74%. The ex-dividend date of this dividend is Monday, April 29th. Omega Healthcare Investors's payout ratio is 270.71%.

Wall Street Analysts Forecast Growth

OHI has been the subject of a number of research analyst reports. Truist Financial boosted their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a "hold" rating in a research note on Tuesday, April 2nd. Citigroup upgraded Omega Healthcare Investors from a "neutral" rating to a "buy" rating and boosted their price target for the company from $32.00 to $35.00 in a report on Friday, March 22nd. Mizuho cut their price target on Omega Healthcare Investors from $35.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, January 3rd. Wells Fargo & Company upgraded Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $31.00 to $35.00 in a report on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Omega Healthcare Investors in a report on Tuesday, January 30th. They issued a "buy" rating and a $36.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of "Hold" and an average target price of $33.58.

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.