Wellington Management Group LLP Sells 1,054,636 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Wellington Management Group LLP decreased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 93.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,510 shares of the real estate investment trust’s stock after selling 1,054,636 shares during the quarter. Wellington Management Group LLP’s holdings in Omega Healthcare Investors were worth $2,254,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Natixis Advisors L.P. increased its stake in Omega Healthcare Investors by 32.9% in the third quarter. Natixis Advisors L.P. now owns 36,308 shares of the real estate investment trust’s stock valued at $1,204,000 after purchasing an additional 8,989 shares in the last quarter. Treasurer of the State of North Carolina increased its position in Omega Healthcare Investors by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 106,155 shares of the real estate investment trust’s stock valued at $3,520,000 after buying an additional 533 shares in the last quarter. Toronto Dominion Bank raised its stake in Omega Healthcare Investors by 5.6% during the 3rd quarter. Toronto Dominion Bank now owns 26,820 shares of the real estate investment trust’s stock worth $889,000 after buying an additional 1,424 shares during the period. Gotham Asset Management LLC boosted its holdings in Omega Healthcare Investors by 2.1% in the third quarter. Gotham Asset Management LLC now owns 62,217 shares of the real estate investment trust’s stock worth $2,063,000 after acquiring an additional 1,271 shares in the last quarter. Finally, United Services Automobile Association grew its stake in Omega Healthcare Investors by 9.4% in the third quarter. United Services Automobile Association now owns 15,969 shares of the real estate investment trust’s stock valued at $530,000 after acquiring an additional 1,368 shares during the period. Institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on OHI shares. Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research note on Monday, May 6th. Truist Financial boosted their target price on shares of Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Finally, Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and upped their target price for the stock from $32.00 to $35.00 in a 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.71.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $34.25 on Monday. 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 $8.46 billion, a PE ratio of 30.86, a PEG ratio of 1.25 and a beta of 0.96. The stock’s 50 day moving average price is $31.69 and its 200-day moving average price is $30.96. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $34.77.

Omega Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders 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 dividend on an annualized basis and a yield of 7.82%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 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.