Knights of Columbus Asset Advisors LLC lowered its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 9.7% in the fourth quarter, HoldingsChannel reports. The firm owned 141,818 shares of the real estate investment trust’s stock after selling 15,189 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Omega Healthcare Investors were worth $6,288,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of 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 purchasing an additional 268 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Omega Healthcare Investors by 345.2% during the 4th quarter. Larson Financial Group LLC now owns 984 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 763 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Omega Healthcare Investors during the 4th quarter worth about $47,000. Clearstead Advisors LLC increased its position in shares of Omega Healthcare Investors by 123.7% during the 4th quarter. Clearstead Advisors LLC now owns 1,199 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 663 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Omega Healthcare Investors by 823.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,228 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,095 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.
Omega Healthcare Investors Stock Down 1.4%
Shares of NYSE:OHI opened at $47.68 on Thursday. Omega Healthcare Investors, Inc. has a 12 month low of $35.70 and a 12 month high of $49.33. The company’s 50-day moving average price is $46.36 and its two-hundred day moving average price is $45.66. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.81. The firm has a market cap of $14.20 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.09 and a beta of 0.59.
Omega Healthcare Investors Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.68 dividend on an annualized basis and a yield of 5.6%. Omega Healthcare Investors’s dividend payout ratio is currently 129.47%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on OHI. Scotiabank increased their target price on shares of Omega Healthcare Investors from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 21st. Truist Financial increased their target price on shares of Omega Healthcare Investors from $46.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, March 5th. BMO Capital Markets reiterated a “market perform” rating and set a $52.00 target price on shares of Omega Healthcare Investors in a research report on Monday, May 4th. Wells Fargo & Company increased their target price on shares of Omega Healthcare Investors from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 26th. Finally, Cantor Fitzgerald increased their target price on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.00.
View Our Latest Stock Analysis on Omega Healthcare Investors
About Omega Healthcare Investors
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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