Oppenheimer & Co. Inc. Cuts Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Oppenheimer & Co. Inc. lessened its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 17.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,351 shares of the real estate investment trust’s stock after selling 10,061 shares during the period. Oppenheimer & Co. Inc.’s holdings in Omega Healthcare Investors were worth $1,765,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OHI. Truist Financial Corp increased its stake in Omega Healthcare Investors by 1.7% during the 4th quarter. Truist Financial Corp now owns 22,449 shares of the real estate investment trust’s stock worth $850,000 after buying an additional 375 shares during the period. Amalgamated Bank increased its stake in Omega Healthcare Investors by 4.7% during the 4th quarter. Amalgamated Bank now owns 128,097 shares of the real estate investment trust’s stock worth $4,848,000 after buying an additional 5,696 shares during the period. Checchi Capital Advisers LLC increased its stake in Omega Healthcare Investors by 5.8% during the 4th quarter. Checchi Capital Advisers LLC now owns 9,934 shares of the real estate investment trust’s stock worth $376,000 after buying an additional 543 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Omega Healthcare Investors by 5.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 54,892 shares of the real estate investment trust’s stock worth $2,078,000 after buying an additional 2,667 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in Omega Healthcare Investors by 18.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 27,067 shares of the real estate investment trust’s stock worth $1,024,000 after buying an additional 4,166 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Trading Down 0.5%

NYSE OHI opened at $36.58 on Friday. Omega Healthcare Investors, Inc. has a one year low of $33.43 and a one year high of $44.42. The company has a 50-day simple moving average of $36.96 and a 200-day simple moving average of $37.29. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58. The firm has a market capitalization of $10.58 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 2.16 and a beta of 0.69.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. The business had revenue of $228.38 million during the quarter, compared to analyst estimates of $236.61 million. During the same period in the previous year, the business posted $0.68 EPS. The company’s quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 7.33%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 166.46%.

Analysts Set New Price Targets

Several research firms recently issued reports on OHI. Wells Fargo & Company dropped their price target on shares of Omega Healthcare Investors from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, June 2nd. Truist Financial lifted their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.88.

About Omega Healthcare Investors

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.