C2C Wealth Management LLC Sells 3,000 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

C2C Wealth Management LLC reduced its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 17.3% in the first quarter, Holdings Channel reports. The institutional investor owned 14,310 shares of the real estate investment trust’s stock after selling 3,000 shares during the period. C2C Wealth Management LLC’s holdings in Omega Healthcare Investors were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in shares of Omega Healthcare Investors during the 1st quarter valued at $29,000. Loomis Sayles & Co. L P raised its holdings in Omega Healthcare Investors by 27.6% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 319 shares during the period. Dunhill Financial LLC lifted its position in Omega Healthcare Investors by 97.9% during the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 750 shares in the last quarter. CoreCap Advisors LLC grew its holdings in Omega Healthcare Investors by 177.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,009 shares during the period. Finally, Park Square Financial Group LLC purchased a new stake in Omega Healthcare Investors in the fourth quarter worth about $61,000. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on OHI shares. Truist Financial lifted their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. Wells Fargo & Company decreased their target price on shares of Omega Healthcare Investors from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, June 2nd. Six 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 a consensus rating of “Hold” and an average target price of $41.88.

Omega Healthcare Investors Stock Performance

NYSE:OHI opened at $37.30 on Tuesday. The stock has a 50-day moving average price of $37.09 and a 200 day moving average price of $37.33. The stock has a market capitalization of $10.79 billion, a P/E ratio of 23.17, a P/E/G ratio of 2.17 and a beta of 0.69. Omega Healthcare Investors, Inc. has a 12-month low of $32.92 and a 12-month high of $44.42. The company has a current ratio of 6.58, a quick ratio of 6.58 and a debt-to-equity ratio of 0.90.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $228.38 million during the quarter, compared to the consensus estimate of $236.61 million. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.68 annualized dividend and a yield of 7.18%. Omega Healthcare Investors’s payout ratio is 166.46%.

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.