Cooper Financial Group Sells 499 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Cooper Financial Group reduced its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 7.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,487 shares of the real estate investment trust’s stock after selling 499 shares during the period. Cooper Financial Group’s holdings in Omega Healthcare Investors were worth $205,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC bought a new position in shares of Omega Healthcare Investors in the fourth quarter worth $31,000. GAMMA Investing LLC bought a new position in shares of Omega Healthcare Investors in the fourth quarter worth $35,000. Highlander Capital Management LLC boosted its holdings in shares of Omega Healthcare Investors by 150.0% in the fourth quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 750 shares during the period. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Omega Healthcare Investors in the fourth quarter worth $80,000. Finally, Allworth Financial LP raised its position in shares of Omega Healthcare Investors by 699.4% in the fourth quarter. Allworth Financial LP now owns 2,854 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 2,497 shares in the last quarter. 65.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Truist Financial increased their price objective on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a research report on Friday, June 14th. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Finally, Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $32.00 to $35.00 in a research report on Friday, March 22nd. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.63.

Omega Healthcare Investors Trading Up 1.0 %

NYSE OHI opened at $33.02 on Monday. The stock’s 50-day simple moving average is $31.34 and its two-hundred day simple moving average is $30.86. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $34.77. 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 company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.20 and a beta of 0.96.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given 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 8.12%. Omega Healthcare Investors’s payout ratio is 241.44%.

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.