Cookson Peirce & Co. Inc. cut its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 52.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 191,615 shares of the real estate investment trust’s stock after selling 207,628 shares during the period. Cookson Peirce & Co. Inc. owned approximately 0.06% of Omega Healthcare Investors worth $8,496,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in OHI. Royal Bank of Canada increased its position in shares of Omega Healthcare Investors by 29.4% during the first quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust’s stock valued at $5,496,000 after acquiring an additional 32,798 shares during the last quarter. Focus Partners Wealth increased its position in shares of Omega Healthcare Investors by 3.1% during the first quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust’s stock valued at $756,000 after acquiring an additional 597 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Omega Healthcare Investors during the second quarter valued at about $257,000. Guggenheim Capital LLC increased its position in shares of Omega Healthcare Investors by 1.0% during the second quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust’s stock valued at $1,077,000 after acquiring an additional 280 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Omega Healthcare Investors by 32.8% during the second quarter. First Trust Advisors LP now owns 193,099 shares of the real estate investment trust’s stock valued at $7,077,000 after acquiring an additional 47,649 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.
Omega Healthcare Investors Trading Up 2.0%
Shares of OHI stock opened at $44.53 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.32 and a current ratio of 5.32. The stock has a market capitalization of $13.26 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 1.91 and a beta of 0.58. The company has a 50 day moving average price of $46.28 and a 200 day moving average price of $45.72. Omega Healthcare Investors, Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $49.33.
Omega Healthcare Investors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $0.67 dividend. The ex-dividend date was Monday, May 4th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.0%. Omega Healthcare Investors’s payout ratio is 129.47%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Weiss Ratings cut shares of Omega Healthcare Investors from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday. Citigroup lifted their price target on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Scotiabank lifted their price target on shares of Omega Healthcare Investors from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday, May 21st. Cantor Fitzgerald lifted their price target on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $52.00 price target on shares of Omega Healthcare Investors in a research report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $49.17.
Get Our Latest Stock Report on OHI
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.
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