Alliancebernstein L.P. Trims Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Alliancebernstein L.P. decreased its position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 728,999 shares of the real estate investment trust's stock after selling 11,910 shares during the quarter. Alliancebernstein L.P. owned approximately 0.27% of Omega Healthcare Investors worth $27,593,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new position in Omega Healthcare Investors during the fourth quarter valued at $26,000. Dunhill Financial LLC bought a new position in shares of Omega Healthcare Investors during the third quarter valued at $31,000. Grove Bank & Trust purchased a new position in shares of Omega Healthcare Investors in the 4th quarter worth about $30,000. Kentucky Trust Co bought a new position in Omega Healthcare Investors in the 4th quarter worth about $38,000. Finally, UMB Bank n.a. boosted its stake in Omega Healthcare Investors by 68.6% in the 4th quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 454 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Performance

NYSE:OHI traded up $0.17 during trading hours on Friday, reaching $37.84. The company had a trading volume of 2,946,169 shares, compared to its average volume of 1,833,084. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.09 and a beta of 0.75. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. The firm's 50 day moving average price is $37.15 and its 200-day moving average price is $38.55. Omega Healthcare Investors, Inc. has a 52 week low of $29.66 and a 52 week high of $44.42.

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Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. On average, analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 7.08%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 172.90%.

Analysts Set New Price Targets

Several research analysts have issued reports on OHI shares. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Truist Financial boosted their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Finally, Wells Fargo & Company cut Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Omega Healthcare Investors presently has an average rating of "Hold" and a consensus target price of $42.00.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.