Cerity Partners LLC Lowers Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Cerity Partners LLC lessened its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 259,769 shares of the real estate investment trust’s stock after selling 17,262 shares during the period. Cerity Partners LLC’s holdings in Omega Healthcare Investors were worth $9,845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of OHI. Norges Bank bought a new position in shares of Omega Healthcare Investors in the fourth quarter worth about $110,160,000. Vanguard Group Inc. boosted its stake in Omega Healthcare Investors by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust’s stock worth $1,440,646,000 after purchasing an additional 1,809,519 shares during the period. Daiwa Securities Group Inc. grew its holdings in Omega Healthcare Investors by 22.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust’s stock valued at $183,205,000 after buying an additional 890,912 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $20,058,000. Finally, Geode Capital Management LLC raised its position in shares of Omega Healthcare Investors by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust’s stock valued at $262,329,000 after buying an additional 503,190 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $37.68 on Friday. The company’s 50-day moving average price is $37.14 and its 200-day moving average price is $38.57. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The company has a market cap of $10.62 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. Omega Healthcare Investors, Inc. has a twelve month low of $29.66 and a twelve month high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. On average, equities research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 7.11%. Omega Healthcare Investors’s dividend payout ratio is presently 172.90%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OHI. Truist Financial raised their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Wells Fargo & Company lowered Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $42.00.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.