LSV Asset Management Lowers Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

LSV Asset Management lessened its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 11.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,584,800 shares of the real estate investment trust's stock after selling 198,000 shares during the period. LSV Asset Management owned 0.59% of Omega Healthcare Investors worth $59,985,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. increased its position in Omega Healthcare Investors by 5.9% in the 4th quarter. Bessemer Group Inc. now owns 5,443 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 303 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Omega Healthcare Investors during the fourth quarter worth $20,058,000. Advisory Services Network LLC increased its position in shares of Omega Healthcare Investors by 6.9% during the fourth quarter. Advisory Services Network LLC now owns 51,812 shares of the real estate investment trust's stock worth $1,961,000 after acquiring an additional 3,340 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Omega Healthcare Investors by 7.8% in the 4th quarter. Renaissance Technologies LLC now owns 760,205 shares of the real estate investment trust's stock worth $28,774,000 after acquiring an additional 55,027 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in Omega Healthcare Investors by 5.0% in the 4th quarter. Bank of Nova Scotia now owns 9,170 shares of the real estate investment trust's stock valued at $347,000 after acquiring an additional 440 shares in the last quarter. 65.25% of the stock is owned by institutional investors.

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Omega Healthcare Investors Price Performance

NYSE:OHI traded up $0.08 during mid-day trading on Tuesday, hitting $38.22. 2,079,505 shares of the stock traded hands, compared to its average volume of 2,258,118. The business's 50-day moving average price is $37.14 and its 200 day moving average price is $38.52. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors, Inc. has a 12-month low of $29.66 and a 12-month high of $44.42. The company has a market cap of $10.77 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.09 and a beta of 0.75.

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 for the quarter, topping 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 expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.01%. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 172.90%.

Analyst Upgrades and Downgrades

OHI has been the topic of several analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Truist Financial lifted their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company downgraded Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and decreased their price target 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $42.00.

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.