Strategic Investment Advisors MI Sells 894 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Strategic Investment Advisors MI cut its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 3.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,449 shares of the real estate investment trust’s stock after selling 894 shares during the quarter. Strategic Investment Advisors MI’s holdings in Omega Healthcare Investors were worth $1,083,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in shares of Omega Healthcare Investors during the first quarter valued at $394,000. Asset Management One Co. Ltd. increased its holdings in shares of Omega Healthcare Investors by 5.0% during the first quarter. Asset Management One Co. Ltd. now owns 514,967 shares of the real estate investment trust’s stock valued at $19,610,000 after acquiring an additional 24,640 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Omega Healthcare Investors by 17.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 31,736 shares of the real estate investment trust’s stock valued at $1,209,000 after acquiring an additional 4,669 shares in the last quarter. TrueMark Investments LLC bought a new position in shares of Omega Healthcare Investors during the first quarter valued at $249,000. Finally, Nilsine Partners LLC bought a new position in shares of Omega Healthcare Investors during the first quarter valued at $1,597,000. 65.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on OHI shares. Wells Fargo & Company reduced their price objective on Omega Healthcare Investors from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, June 2nd. Truist Financial lifted their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Omega Healthcare Investors has a consensus rating of “Hold” and an average price target of $41.88.

Omega Healthcare Investors Trading Down 0.5%

Shares of NYSE:OHI opened at $37.11 on Wednesday. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 2.19 and a beta of 0.69. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58. The stock’s 50-day simple moving average is $37.06 and its two-hundred day simple moving average is $37.33. Omega Healthcare Investors, Inc. has a 52-week low of $32.92 and a 52-week high of $44.42.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $228.38 million for the quarter, compared to analysts’ expectations of $236.61 million. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. Analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a $0.67 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.68 annualized dividend and a yield of 7.22%. Omega Healthcare Investors’s payout ratio is 166.46%.

About Omega Healthcare Investors

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.