Omega Healthcare Investors, Inc. (NYSE:OHI) Stake Reduced by Todd Asset Management LLC

Todd Asset Management LLC trimmed its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 29,309 shares of the real estate investment trust’s stock after selling 610 shares during the quarter. Todd Asset Management LLC’s holdings in Omega Healthcare Investors were worth $899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Peoples Bank KS acquired a new stake in shares of Omega Healthcare Investors in the 3rd quarter worth about $33,000. NBC Securities Inc. acquired a new stake in shares of Omega Healthcare Investors in the third quarter valued at approximately $34,000. GAMMA Investing LLC bought a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $35,000. Highlander Capital Management LLC boosted its position in shares of Omega Healthcare Investors by 150.0% during the fourth quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 750 shares during the period. Finally, Clear Street Markets LLC bought a new position in Omega Healthcare Investors in the 3rd quarter worth approximately $73,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OHI. BNP Paribas raised Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price on the stock in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Omega Healthcare Investors in a research note on Tuesday, January 30th. They set a “buy” rating and a $36.00 price objective on the stock. Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and increased their target price for the company from $32.00 to $35.00 in a research report on Friday, March 22nd. Bank of America downgraded shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $33.00 to $31.00 in a research report on Tuesday, January 16th. Finally, Truist Financial increased 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. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.63.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI traded up $0.07 on Friday, reaching $31.34. 2,470,937 shares of the company traded hands, compared to its average volume of 1,414,371. The stock has a market capitalization of $7.74 billion, a PE ratio of 28.23, a P/E/G ratio of 10.24 and a beta of 0.92. The company has a debt-to-equity ratio of 1.35, a current ratio of 6.76 and a quick ratio of 6.76. The company’s 50 day moving average is $30.97 and its 200-day moving average is $31.04. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.77.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is presently 241.44%.

Omega Healthcare Investors Company 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.