Mutual of America Capital Management LLC Sells 7,784 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Mutual of America Capital Management LLC lowered its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 4.9% during the 4th quarter, Holdings Channel reports. The firm owned 151,282 shares of the real estate investment trust’s stock after selling 7,784 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Omega Healthcare Investors were worth $4,638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Omega Healthcare Investors by 3.0% in the third quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock worth $1,156,219,000 after purchasing an additional 1,003,927 shares in the last quarter. BlackRock Inc. grew its stake in Omega Healthcare Investors by 1.2% in the first quarter. BlackRock Inc. now owns 29,080,420 shares of the real estate investment trust’s stock worth $797,094,000 after purchasing an additional 337,822 shares in the last quarter. State Street Corp grew its stake in Omega Healthcare Investors by 14.8% in the first quarter. State Street Corp now owns 13,300,467 shares of the real estate investment trust’s stock worth $414,443,000 after purchasing an additional 1,715,004 shares in the last quarter. Geode Capital Management LLC grew its stake in Omega Healthcare Investors by 16.1% in the first quarter. Geode Capital Management LLC now owns 4,908,367 shares of the real estate investment trust’s stock worth $134,538,000 after purchasing an additional 681,892 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Omega Healthcare Investors by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,280,643 shares of the real estate investment trust’s stock worth $89,921,000 after purchasing an additional 82,400 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on OHI. BNP Paribas raised Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price on the stock in a research report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft began coverage on Omega Healthcare Investors in a research report on Tuesday, January 30th. They set a “buy” rating and a $36.00 target price on the stock. Wells Fargo & Company raised Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $31.00 to $35.00 in a research report on Monday, February 26th. Truist Financial increased their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. Finally, Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and increased their target price for the company from $32.00 to $35.00 in a research report on Friday, March 22nd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Omega Healthcare Investors has an average rating of “Hold” and an average target price of $33.58.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $30.33 on Tuesday. Omega Healthcare Investors, Inc. has a 12 month low of $26.00 and a 12 month high of $34.77. The stock has a fifty day moving average price of $30.95 and a 200-day moving average price of $31.26. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 1.35. The firm has a market cap of $7.44 billion, a PE ratio of 30.63, a P/E/G ratio of 9.99 and a beta of 0.91.

Omega Healthcare Investors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were paid a $0.67 dividend. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 8.84%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 270.71%.

Omega Healthcare Investors Company Profile

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.