Greenland Capital Management LP Sells 43,000 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Greenland Capital Management LP cut its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 57.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,000 shares of the real estate investment trust's stock after selling 43,000 shares during the period. Greenland Capital Management LP's holdings in Omega Healthcare Investors were worth $1,211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Stonebridge Financial Group LLC bought a new position in Omega Healthcare Investors during the fourth quarter worth about $26,000. Grove Bank & Trust bought a new position in Omega Healthcare Investors during the 4th quarter worth approximately $30,000. Dunhill Financial LLC bought a new position in Omega Healthcare Investors during the 3rd quarter worth approximately $31,000. Kentucky Trust Co acquired a new position in Omega Healthcare Investors during the fourth quarter valued at approximately $38,000. Finally, UMB Bank n.a. increased its stake in Omega Healthcare Investors by 68.6% in the fourth quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 454 shares in the last quarter. Institutional investors own 65.25% of the company's stock.

Wall Street Analysts Forecast Growth

OHI has been the topic of a number of recent analyst reports. JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Wells Fargo & Company lowered Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $41.00 to $39.00 in a report on Thursday, March 27th. Finally, Truist Financial increased their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Omega Healthcare Investors has a consensus rating of "Hold" and a consensus price target of $42.00.

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Omega Healthcare Investors Stock Up 0.5 %

Shares of OHI traded up $0.17 during midday trading on Friday, hitting $37.84. The stock had a trading volume of 2,946,169 shares, compared to its average volume of 1,835,781. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75. The company has a 50 day simple moving average of $37.15 and a two-hundred day simple moving average of $38.53. Omega Healthcare Investors, Inc. has a twelve month low of $29.66 and a twelve month high of $44.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

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

Omega Healthcare Investors 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.