ProShare Advisors LLC Trims Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

ProShare Advisors LLC reduced its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,653 shares of the real estate investment trust’s stock after selling 313 shares during the quarter. ProShare Advisors LLC’s holdings in Omega Healthcare Investors were worth $399,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sei Investments Co. lifted its stake in Omega Healthcare Investors by 150.8% during the second quarter. Sei Investments Co. now owns 298,761 shares of the real estate investment trust’s stock worth $10,233,000 after purchasing an additional 179,623 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Omega Healthcare Investors by 28.7% in the 2nd quarter. Pacer Advisors Inc. now owns 47,704 shares of the real estate investment trust’s stock valued at $1,634,000 after buying an additional 10,643 shares during the period. AE Wealth Management LLC acquired a new position in Omega Healthcare Investors during the 2nd quarter worth about $293,000. Canada Pension Plan Investment Board purchased a new position in Omega Healthcare Investors during the 2nd quarter valued at about $4,692,000. Finally, Intech Investment Management LLC acquired a new position in Omega Healthcare Investors in the 2nd quarter valued at about $2,104,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

Shares of OHI stock opened at $40.39 on Wednesday. The company has a market cap of $9.98 billion, a P/E ratio of 36.38, a PEG ratio of 1.32 and a beta of 1.00. The firm has a fifty day moving average price of $38.88 and a 200 day moving average price of $34.47. The company has a current ratio of 5.79, a quick ratio of 5.79 and a debt-to-equity ratio of 1.19. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $41.53.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.20). Omega Healthcare Investors had a return on equity of 8.61% and a net margin of 33.52%. The business had revenue of $252.70 million for the quarter, compared to analyst estimates of $205.92 million. During the same period in the prior year, the company posted $0.74 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. Sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.68 annualized dividend and a dividend yield of 6.64%. Omega Healthcare Investors’s dividend payout ratio is presently 241.44%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OHI shares. Mizuho cut shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $34.00 to $35.00 in a research report on Thursday, July 25th. Scotiabank increased their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Wells Fargo & Company reissued an “overweight” rating and issued a $43.00 price target (up previously from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday. Finally, Truist Financial upped their price objective on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.78.

Insider Activity

In related news, CFO Robert O. Stephenson sold 22,542 shares of Omega Healthcare Investors stock in a transaction on Friday, September 27th. The shares were sold at an average price of $40.19, for a total transaction of $905,962.98. Following the sale, the chief financial officer now directly owns 183,076 shares in the company, valued at approximately $7,357,824.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Omega Healthcare Investors news, CFO Robert O. Stephenson sold 22,542 shares of Omega Healthcare Investors stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $40.19, for a total transaction of $905,962.98. Following the transaction, the chief financial officer now owns 183,076 shares of the company’s stock, valued at $7,357,824.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Daniel J. Booth sold 56,725 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $40.25, for a total value of $2,283,181.25. Following the completion of the sale, the chief operating officer now owns 100,000 shares of the company’s stock, valued at approximately $4,025,000. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.

About Omega Healthcare Investors

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.