Greenwich Investment Management Inc. reduced its holdings in shares of Omega Healthcare Investors Inc (NYSE:OHI) by 52.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,093 shares of the real estate investment trust’s stock after selling 58,176 shares during the quarter. Omega Healthcare Investors accounts for about 2.1% of Greenwich Investment Management Inc.’s holdings, making the stock its 18th biggest position. Greenwich Investment Management Inc.’s holdings in Omega Healthcare Investors were worth $1,462,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Barnett & Company Inc. grew its holdings in shares of Omega Healthcare Investors by 1,980.0% during the third quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 4,950 shares during the last quarter. Mcmillion Capital Management Inc. purchased a new position in Omega Healthcare Investors during the third quarter worth about $201,000. Timber Hill LLC purchased a new position in Omega Healthcare Investors during the third quarter worth about $206,000. Lourd Capital LLC purchased a new position in Omega Healthcare Investors during the fourth quarter worth about $202,000. Finally, HighPoint Advisor Group LLC purchased a new position in Omega Healthcare Investors during the third quarter worth about $216,000. Hedge funds and other institutional investors own 73.86% of the company’s stock.
Several research firms recently weighed in on OHI. ValuEngine upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Zacks Investment Research cut shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Cantor Fitzgerald restated a “buy” rating and set a $34.00 price target on shares of Omega Healthcare Investors in a report on Wednesday, March 7th. Jefferies Group restated an “underperform” rating on shares of Omega Healthcare Investors in a report on Thursday, December 21st. Finally, Stifel Nicolaus restated a “hold” rating and set a $27.00 price target (down from $29.00) on shares of Omega Healthcare Investors in a report on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Omega Healthcare Investors has an average rating of “Hold” and a consensus target price of $31.37.
Shares of Omega Healthcare Investors Inc (NYSE OHI) opened at $27.50 on Tuesday. The company has a market cap of $5,397.67, a PE ratio of 55.00, a price-to-earnings-growth ratio of 3.08 and a beta of 0.46. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.55 and a quick ratio of 3.55. Omega Healthcare Investors Inc has a 12-month low of $24.90 and a 12-month high of $35.14.
Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.18). The company had revenue of $221.21 million during the quarter, compared to the consensus estimate of $219.07 million. Omega Healthcare Investors had a return on equity of 2.48% and a net margin of 11.06%. equities analysts forecast that Omega Healthcare Investors Inc will post 2.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were given a $0.66 dividend. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.65. The ex-dividend date was Tuesday, January 30th. This represents a $2.64 annualized dividend and a yield of 9.60%. Omega Healthcare Investors’s payout ratio is currently 528.01%.
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Omega Healthcare Investors Company Profile
Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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