Ontario Teachers Pension Plan Board Sells 23,580 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Ontario Teachers Pension Plan Board cut its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 37.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,218 shares of the real estate investment trust’s stock after selling 23,580 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Omega Healthcare Investors were worth $1,484,000 at the end of the most recent reporting period.

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

Omega Healthcare Investors Stock Up 0.2 %

NYSE:OHI opened at $38.22 on Wednesday. The firm has a market capitalization of $10.77 billion, a P/E ratio of 24.65, a PEG ratio of 1.09 and a beta of 0.75. The company’s fifty day moving average price is $37.15 and its 200-day moving average price is $38.52. Omega Healthcare Investors, Inc. has a 1-year low of $29.66 and a 1-year high of $44.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating 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%. As a group, equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders 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 annualized dividend and a yield of 7.01%. Omega Healthcare Investors’s dividend payout ratio is presently 172.90%.

Analysts Set New Price Targets

Several brokerages recently issued reports on OHI. Wells Fargo & Company lowered Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, Truist Financial boosted their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Omega Healthcare Investors has an average 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.