111 Capital Sells 11,982 Shares of Omega Healthcare Investors, Inc. $OHI

111 Capital trimmed its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 54.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,939 shares of the real estate investment trust’s stock after selling 11,982 shares during the period. 111 Capital’s holdings in Omega Healthcare Investors were worth $420,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Smartleaf Asset Management LLC grew its holdings in Omega Healthcare Investors by 40.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 268 shares during the period. Guggenheim Capital LLC boosted its stake in Omega Healthcare Investors by 1.0% during the 2nd quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust’s stock worth $1,077,000 after acquiring an additional 280 shares during the last quarter. UMB Bank n.a. boosted its stake in Omega Healthcare Investors by 11.0% during the 3rd quarter. UMB Bank n.a. now owns 2,965 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 293 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Omega Healthcare Investors by 0.5% during the second quarter. Coldstream Capital Management Inc. now owns 60,924 shares of the real estate investment trust’s stock valued at $2,233,000 after purchasing an additional 301 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Omega Healthcare Investors by 3.1% in the third quarter. PNC Financial Services Group Inc. now owns 11,183 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 335 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

OHI has been the topic of a number of recent analyst reports. Wells Fargo & Company cut shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $48.00 to $45.00 in a research report on Thursday, January 29th. Scotiabank raised their price objective on Omega Healthcare Investors from $45.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Monday. Jefferies Financial Group reiterated a “hold” rating and set a $45.00 target price on shares of Omega Healthcare Investors in a report on Monday, December 15th. The Goldman Sachs Group initiated coverage on Omega Healthcare Investors in a research note on Friday, January 9th. They issued a “buy” rating and a $54.00 target price for the company. Finally, UBS Group reaffirmed a “buy” rating and set a $52.00 price target on shares of Omega Healthcare Investors in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $47.64.

Omega Healthcare Investors Stock Performance

Shares of Omega Healthcare Investors stock opened at $47.52 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 5.04. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.55 and a beta of 0.54. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $49.14. The stock’s 50-day moving average is $45.19 and its 200-day moving average is $43.58.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, February 9th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 138.86%.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.