Hennion & Walsh Asset Management Inc. Reduces Stock Holdings in Omega Healthcare Investors, Inc. $OHI

Hennion & Walsh Asset Management Inc. reduced its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 66.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,310 shares of the real estate investment trust’s stock after selling 14,512 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Omega Healthcare Investors were worth $324,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Omega Healthcare Investors by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 42,152,368 shares of the real estate investment trust’s stock valued at $1,779,673,000 after purchasing an additional 1,386,887 shares in the last quarter. State Street Corp boosted its position in Omega Healthcare Investors by 4.8% during the 2nd quarter. State Street Corp now owns 14,591,873 shares of the real estate investment trust’s stock valued at $534,792,000 after acquiring an additional 671,473 shares in the last quarter. Invesco Ltd. boosted its position in Omega Healthcare Investors by 101.7% during the 3rd quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock valued at $208,775,000 after acquiring an additional 2,493,877 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Omega Healthcare Investors by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,211,183 shares of the real estate investment trust’s stock worth $177,790,000 after acquiring an additional 107,843 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Omega Healthcare Investors by 6.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,761,216 shares of the real estate investment trust’s stock worth $158,799,000 after acquiring an additional 239,134 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on OHI. UBS Group restated a “buy” rating and set a $52.00 price target on shares of Omega Healthcare Investors in a research report on Friday, February 6th. Jefferies Financial Group restated a “hold” rating and set a $45.00 target price on shares of Omega Healthcare Investors in a report on Monday, December 15th. Truist Financial lifted their price target on shares of Omega Healthcare Investors from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Thursday, March 5th. Scotiabank boosted their price objective on shares of Omega Healthcare Investors from $45.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Finally, BMO Capital Markets downgraded shares of Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Omega Healthcare Investors Trading Up 0.0%

Shares of NYSE OHI opened at $45.02 on Monday. The firm’s 50 day moving average price is $46.00 and its 200-day moving average price is $44.20. Omega Healthcare Investors, Inc. has a 52-week low of $35.04 and a 52-week high of $49.14. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.04 and a current ratio of 5.04. The company has a market cap of $13.31 billion, a PE ratio of 23.32, a P/E/G ratio of 1.90 and a beta of 0.59.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.0%. The ex-dividend date was Monday, February 9th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 138.86%.

Omega Healthcare Investors 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.