Osborne Partners Capital Management LLC Sells 158,061 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Osborne Partners Capital Management LLC reduced its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 86.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,424 shares of the real estate investment trust's stock after selling 158,061 shares during the period. Osborne Partners Capital Management LLC's holdings in Omega Healthcare Investors were worth $1,035,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of OHI. UMB Bank n.a. increased its position in shares of Omega Healthcare Investors by 353.4% during the third quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 516 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Omega Healthcare Investors during the 2nd quarter worth about $26,000. DiNuzzo Private Wealth Inc. acquired a new stake in Omega Healthcare Investors in the 3rd quarter worth about $33,000. V Square Quantitative Management LLC raised its stake in Omega Healthcare Investors by 49.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 323 shares in the last quarter. Finally, WFA Asset Management Corp acquired a new position in shares of Omega Healthcare Investors in the 1st quarter valued at approximately $39,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OHI has been the topic of several research reports. Truist Financial lifted their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a "hold" rating in a report on Wednesday, September 4th. Berenberg Bank initiated coverage on shares of Omega Healthcare Investors in a report on Friday, October 18th. They set a "buy" rating and a $45.00 target price on the stock. Mizuho downgraded shares of Omega Healthcare Investors from an "outperform" rating to a "neutral" rating and boosted their price target for the stock from $34.00 to $35.00 in a research report on Thursday, July 25th. Wells Fargo & Company restated an "overweight" rating and issued a $43.00 price target (up previously from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday, October 1st. Finally, BMO Capital Markets boosted their price target on shares of 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. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Omega Healthcare Investors presently has a consensus rating of "Hold" and an average price target of $37.80.

Omega Healthcare Investors Stock Down 0.4 %

Shares of Omega Healthcare Investors stock traded down $0.17 during trading hours on Friday, reaching $41.55. The company's stock had a trading volume of 1,395,557 shares, compared to its average volume of 1,644,369. Omega Healthcare Investors, Inc. has a one year low of $27.53 and a one year high of $41.93. The company has a market capitalization of $10.71 billion, a P/E ratio of 31.72, a P/E/G ratio of 1.33 and a beta of 1.00. The stock's fifty day simple moving average is $40.10 and its two-hundred day simple moving average is $35.58. The company has a debt-to-equity ratio of 1.19, a quick ratio of 5.79 and a current ratio of 5.79.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its quarterly earnings data 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 net margin of 33.52% and a return on equity of 8.61%. The business had revenue of $252.70 million during the quarter, compared to the consensus estimate of $205.92 million. During the same period last year, the business posted $0.74 earnings per share. The firm's quarterly revenue was up 17.5% on a year-over-year basis. On average, research analysts forecast that Omega Healthcare Investors, Inc. will post 2.69 earnings per share for the current year.

Insider Activity

In other news, COO Daniel J. Booth sold 56,725 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $40.25, for a total value of $2,283,181.25. Following the completion of the sale, the chief operating officer now owns 100,000 shares in the company, valued at $4,025,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Robert O. Stephenson sold 22,542 shares of Omega Healthcare Investors 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 completion of the transaction, the chief financial officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $2,283,181.25. Following the completion of the transaction, the chief operating officer now owns 100,000 shares of the company's stock, valued at $4,025,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate insiders.

About Omega Healthcare Investors

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.