Parallel Advisors LLC Reduces Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Parallel Advisors LLC reduced its holdings in Omega Healthcare Investors, Inc. (NYSE:OHIFree Report) by 6.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,147 shares of the real estate investment trust’s stock after selling 597 shares during the period. Parallel Advisors LLC’s holdings in Omega Healthcare Investors were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MeadowBrook Investment Advisors LLC bought a new stake in shares of Omega Healthcare Investors in the 4th quarter worth about $31,000. NBC Securities Inc. bought a new stake in shares of Omega Healthcare Investors in the 3rd quarter worth about $34,000. GAMMA Investing LLC bought a new stake in shares of Omega Healthcare Investors in the 4th quarter worth about $35,000. Highlander Capital Management LLC lifted its holdings in shares of Omega Healthcare Investors by 150.0% in the 4th quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 750 shares during the last quarter. Finally, Clear Street Markets LLC bought a new stake in shares of Omega Healthcare Investors in the 3rd quarter worth about $73,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Performance

OHI opened at $32.33 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68. The firm has a fifty day moving average price of $31.01 and a 200 day moving average price of $30.79. The stock has a market cap of $7.99 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.67 and a beta of 0.96. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $34.77.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 8.29%. The ex-dividend date was Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is presently 241.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Citigroup raised shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $32.00 to $35.00 in a research report on Friday, March 22nd. Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $31.00 to $35.00 in a research note on Monday, February 26th. Finally, BNP Paribas upgraded shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective for the company in a research note on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $33.63.

Check Out Our Latest Analysis on OHI

Omega Healthcare Investors Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

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