Integrated Advisors Network LLC Cuts Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Integrated Advisors Network LLC lessened its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,675 shares of the real estate investment trust’s stock after selling 822 shares during the quarter. Integrated Advisors Network LLC’s holdings in Omega Healthcare Investors were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Omega Healthcare Investors during the fourth quarter valued at about $61,698,000. FMR LLC grew its position in Omega Healthcare Investors by 96.5% during the 3rd quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust’s stock worth $98,908,000 after acquiring an additional 1,464,693 shares during the last quarter. Wellington Management Group LLP increased its stake in Omega Healthcare Investors by 2,444.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust’s stock worth $37,409,000 after purchasing an additional 1,083,816 shares during the period. Vanguard Group Inc. lifted its position in Omega Healthcare Investors by 3.0% in the third quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock valued at $1,156,219,000 after purchasing an additional 1,003,927 shares during the last quarter. Finally, Centersquare Investment Management LLC lifted its position in Omega Healthcare Investors by 36.6% in the fourth quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock valued at $109,924,000 after purchasing an additional 960,997 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Price Performance

Shares of OHI stock opened at $32.69 on Thursday. The company has a quick ratio of 6.68, a current ratio of 6.68 and a debt-to-equity ratio of 1.36. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 1.19 and a beta of 0.96. The business’s fifty day moving average is $31.25 and its 200 day moving average is $30.84. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $34.77.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a $0.67 dividend. The ex-dividend date was Monday, April 29th. This represents a $2.68 annualized dividend and a dividend yield of 8.20%. Omega Healthcare Investors’s payout ratio is 241.44%.

Analyst Ratings Changes

OHI has been the topic of several analyst reports. Truist Financial lifted their target price on shares of 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 shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $32.00 to $35.00 in a research note on Friday, March 22nd. Wells Fargo & Company upgraded shares of Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Finally, JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.63.

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.