Mutual Advisors LLC Has $12.43 Million Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Mutual Advisors LLC trimmed its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297,972 shares of the real estate investment trust’s stock after selling 11,380 shares during the period. Mutual Advisors LLC’s holdings in Omega Healthcare Investors were worth $12,431,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of OHI. UMB Bank n.a. increased its stake in Omega Healthcare Investors by 353.4% in the third quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 516 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Omega Healthcare Investors in the 2nd quarter valued at $26,000. DiNuzzo Private Wealth Inc. acquired a new stake in Omega Healthcare Investors during the 3rd quarter worth $33,000. V Square Quantitative Management LLC lifted its holdings in Omega Healthcare Investors by 49.5% during the third quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 323 shares in the last quarter. Finally, Covestor Ltd grew its stake in Omega Healthcare Investors by 47.6% in the first quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 431 shares during the period. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. BMO Capital Markets raised their price target on Omega Healthcare Investors from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, October 7th. Scotiabank raised their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Berenberg Bank initiated coverage on shares of Omega Healthcare Investors in a report on Friday, October 18th. They issued a “buy” rating and a $45.00 price target for the company. Truist Financial raised their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Finally, Mizuho cut shares of Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Omega Healthcare Investors has an average rating of “Hold” and an average price target of $37.80.

Insider Transactions at Omega Healthcare Investors

In related news, CFO Robert O. Stephenson sold 22,542 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $40.19, for a total value of $905,962.98. Following the transaction, the chief financial officer now owns 183,076 shares in the company, valued at approximately $7,357,824.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Omega Healthcare Investors news, COO Daniel J. Booth sold 56,725 shares of Omega Healthcare Investors stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $40.25, for a total value of $2,283,181.25. Following the transaction, the chief operating officer now owns 100,000 shares in the company, valued at $4,025,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert O. Stephenson sold 22,542 shares of Omega Healthcare Investors stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $40.19, for a total transaction of $905,962.98. Following the sale, the chief financial officer now directly owns 183,076 shares in the company, valued at $7,357,824.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate insiders.

Omega Healthcare Investors Stock Up 0.7 %

Shares of OHI stock opened at $41.88 on Wednesday. Omega Healthcare Investors, Inc. has a 52-week low of $27.53 and a 52-week high of $41.95. The company has a debt-to-equity ratio of 1.19, a quick ratio of 5.79 and a current ratio of 5.79. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 1.34 and a beta of 1.00. The firm’s 50-day moving average is $40.25 and its 200-day moving average is $35.79.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.20). Omega Healthcare Investors had a return on equity of 8.61% and a net margin of 33.52%. The business had revenue of $252.70 million for the quarter, compared to analyst estimates of $205.92 million. During the same period in the previous year, the firm posted $0.74 earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. Sell-side analysts predict that Omega Healthcare Investors, Inc. will post 2.69 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio is presently 204.58%.

Omega Healthcare Investors Company Profile

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.