Teacher Retirement System of Texas Reduces Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Teacher Retirement System of Texas lowered its position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 40.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,877 shares of the real estate investment trust's stock after selling 49,855 shares during the quarter. Teacher Retirement System of Texas' holdings in Omega Healthcare Investors were worth $2,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at about $31,000. NBC Securities Inc. acquired a new stake in Omega Healthcare Investors during the 3rd quarter valued at approximately $34,000. GAMMA Investing LLC bought a new position in Omega Healthcare Investors during the 4th quarter worth approximately $35,000. Highlander Capital Management LLC lifted its position in shares of Omega Healthcare Investors by 150.0% in the 4th quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 750 shares during the period. Finally, Clear Street Markets LLC acquired a new position in shares of Omega Healthcare Investors in the 3rd quarter worth approximately $73,000. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Down 0.2 %

Shares of NYSE OHI traded down $0.05 during mid-day trading on Friday, reaching $30.63. 907,327 shares of the company's stock traded hands, compared to its average volume of 1,723,873. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68. The business has a 50-day simple moving average of $30.92 and a 200 day simple moving average of $30.84. The stock has a market cap of $7.57 billion, a P/E ratio of 27.59, a PEG ratio of 7.34 and a beta of 0.92. Omega Healthcare Investors, Inc. has a 1-year low of $27.53 and a 1-year high of $34.77.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, April 29th. This represents a $2.68 dividend on an annualized basis and a yield of 8.75%. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 241.44%.

Wall Street Analyst Weigh In

OHI has been the subject of a number of analyst reports. BNP Paribas raised shares of Omega Healthcare Investors from an "underperform" rating to a "neutral" rating and set a $30.00 target price for the company in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft began coverage on Omega Healthcare Investors in a research note on Tuesday, January 30th. They issued a "buy" rating and a $36.00 price objective on the stock. Truist Financial raised their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a "hold" rating in a research note on Tuesday, April 2nd. Citigroup raised 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 research note on Friday, March 22nd. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $31.00 to $35.00 in a report on Monday, February 26th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $33.63.

Omega Healthcare Investors Profile

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.