IFM Investors Pty Ltd lowered its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 14.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,529 shares of the real estate investment trust’s stock after selling 7,925 shares during the period. IFM Investors Pty Ltd’s holdings in Omega Healthcare Investors were worth $1,705,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of OHI. Vanguard Group Inc. boosted its position in shares of Omega Healthcare Investors by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 39,554,886 shares of the real estate investment trust’s stock worth $1,506,250,000 after acquiring an additional 1,492,904 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Omega Healthcare Investors by 2.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,100,891 shares of the real estate investment trust’s stock worth $156,162,000 after acquiring an additional 114,665 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Omega Healthcare Investors by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,058,107 shares of the real estate investment trust’s stock worth $154,533,000 after acquiring an additional 165,554 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Omega Healthcare Investors by 6.4% during the 1st quarter. Bank of New York Mellon Corp now owns 3,123,152 shares of the real estate investment trust’s stock worth $118,930,000 after acquiring an additional 188,481 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Omega Healthcare Investors by 430.8% in the 1st quarter. AQR Capital Management LLC now owns 2,862,117 shares of the real estate investment trust’s stock valued at $108,989,000 after purchasing an additional 2,322,878 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.
Omega Healthcare Investors Price Performance
OHI stock opened at $41.06 on Tuesday. Omega Healthcare Investors, Inc. has a 52-week low of $35.04 and a 52-week high of $44.42. The stock’s fifty day simple moving average is $40.83 and its 200-day simple moving average is $38.45. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.17 and a beta of 0.71.
Omega Healthcare Investors Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were issued a $0.67 dividend. The ex-dividend date was Monday, August 4th. This represents a $2.68 dividend on an annualized basis and a yield of 6.5%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 165.43%.
Insiders Place Their Bets
In related news, Director Lisa Egbuonu-Davis sold 2,500 shares of Omega Healthcare Investors stock in a transaction on Friday, August 8th. The stock was sold at an average price of $40.16, for a total value of $100,400.00. Following the transaction, the director owned 18,654 shares in the company, valued at approximately $749,144.64. This trade represents a 11.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on OHI shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Mizuho increased their price objective on Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Truist Financial increased their price objective on Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Wells Fargo & Company increased their price objective on Omega Healthcare Investors from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Finally, Royal Bank Of Canada increased their target price on Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.75.
View Our Latest Stock Analysis on OHI
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.
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