IQ EQ FUND MANAGEMENT IRELAND Ltd Decreases Stock Position in Omega Healthcare Investors, Inc. $OHI

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 43.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 18,652 shares of the real estate investment trust’s stock after selling 14,416 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Omega Healthcare Investors were worth $787,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of OHI. Caitong International Asset Management Co. Ltd acquired a new stake in Omega Healthcare Investors in the 2nd quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Omega Healthcare Investors by 40.9% during the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 268 shares during the period. CENTRAL TRUST Co grew its holdings in shares of Omega Healthcare Investors by 1,654.4% during the second quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 943 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at $39,000. Finally, Bayforest Capital Ltd raised its stake in Omega Healthcare Investors by 395.2% in the 2nd quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 901 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

NYSE:OHI opened at $45.31 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 7.11. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 1.46 and a beta of 0.57. The company has a 50 day moving average price of $44.41 and a 200-day moving average price of $42.68. Omega Healthcare Investors, Inc. has a 1-year low of $35.04 and a 1-year high of $46.36.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $2.68 dividend on an annualized basis and a yield of 5.9%. Omega Healthcare Investors’s payout ratio is presently 138.86%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Scotiabank boosted their price target on Omega Healthcare Investors from $42.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Truist Financial upped their target price on Omega Healthcare Investors from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, December 1st. Jefferies Financial Group reissued a “hold” rating and set a $45.00 price target on shares of Omega Healthcare Investors in a research report on Monday, December 15th. Royal Bank Of Canada lifted their price objective on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Finally, UBS Group reiterated a “buy” rating and issued a $52.00 price objective on shares of Omega Healthcare Investors in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Omega Healthcare Investors presently has a consensus rating of “Moderate Buy” and an average price target of $46.91.

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.