Cerity Partners LLC Cuts Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Cerity Partners LLC reduced its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 6.2% in the fourth quarter, according to the company in 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 quarter. Cerity Partners LLC owned 0.10% of Omega Healthcare Investors worth $9,845,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new position in Omega Healthcare Investors in the 4th quarter worth approximately $26,000. Grove Bank & Trust purchased a new position in shares of Omega Healthcare Investors in the fourth quarter worth $30,000. Kentucky Trust Co bought a new position in shares of Omega Healthcare Investors during the fourth quarter valued at $38,000. UMB Bank n.a. boosted its position in shares of Omega Healthcare Investors by 68.6% during the fourth quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 454 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in Omega Healthcare Investors by 44.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,410 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 434 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OHI. Truist Financial upped 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. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $41.00 to $39.00 in a research note on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.00.

Omega Healthcare Investors Stock Up 0.3 %

Shares of OHI stock opened at $37.68 on Friday. The company has a 50 day simple moving average of $37.14 and a two-hundred day simple moving average of $38.57. The stock has a market cap of $10.62 billion, a P/E ratio of 24.31, a P/E/G ratio of 1.09 and a beta of 0.75. Omega Healthcare Investors, Inc. has a 12 month low of $29.66 and a 12 month high of $44.42. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

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

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.