Fifth Third Bancorp Reduces Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Fifth Third Bancorp lowered its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,582 shares of the real estate investment trust’s stock after selling 318 shares during the period. Fifth Third Bancorp’s holdings in Omega Healthcare Investors were worth $631,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. bought a new position in shares of Omega Healthcare Investors in the first quarter worth $29,000. V Square Quantitative Management LLC increased its holdings in shares of Omega Healthcare Investors by 44.5% in the fourth 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 during the period. Loomis Sayles & Co. L P increased its holdings in shares of Omega Healthcare Investors by 27.6% in the fourth 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 increased its holdings in shares of Omega Healthcare Investors by 97.9% in the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 750 shares during the period. Finally, CoreCap Advisors LLC increased its holdings in shares of Omega Healthcare Investors by 177.3% in the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,009 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

OHI opened at $36.90 on Wednesday. The stock’s 50 day simple moving average is $37.15 and its 200 day simple moving average is $37.41. The company has a debt-to-equity ratio of 0.90, a current ratio of 6.58 and a quick ratio of 6.58. Omega Healthcare Investors, Inc. has a 1 year low of $32.48 and a 1 year high of $44.42. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.14 and a beta of 0.69.

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 (EPS) for the quarter, hitting the consensus estimate of $0.75. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The business had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. During the same period last year, the company earned $0.68 EPS. Omega Healthcare Investors’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.68 annualized dividend and a dividend yield of 7.26%. Omega Healthcare Investors’s payout ratio is presently 166.46%.

Analysts Set New Price Targets

OHI has been the topic of a number of research analyst reports. Truist Financial increased their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Wells Fargo & Company reduced their target price on 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Omega Healthcare Investors has a consensus rating of “Hold” and an average target price of $41.88.

Omega Healthcare Investors 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.