Fmr LLC Sells 1,034,994 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

FMR LLC trimmed its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 24.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,181,841 shares of the real estate investment trust's stock after selling 1,034,994 shares during the quarter. FMR LLC owned 1.18% of Omega Healthcare Investors worth $120,433,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its stake in shares of Omega Healthcare Investors by 69.8% in the fourth quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust's stock valued at $5,385,000 after purchasing an additional 58,482 shares during the period. Assetmark Inc. grew its position in shares of Omega Healthcare Investors by 2.9% in the fourth quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust's stock valued at $46,401,000 after purchasing an additional 34,463 shares during the period. Tallon Kerry Patrick acquired a new position in shares of Omega Healthcare Investors during the 4th quarter valued at about $1,250,000. JPMorgan Chase & Co. increased its position in Omega Healthcare Investors by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 1,995,825 shares of the real estate investment trust's stock worth $81,230,000 after purchasing an additional 103,010 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. increased its holdings in shares of Omega Healthcare Investors by 4.2% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 368,127 shares of the real estate investment trust's stock worth $13,934,000 after buying an additional 14,883 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OHI. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $41.00 to $39.00 in a research note on Thursday, March 27th. JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Finally, Truist Financial lifted 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. 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 Stock Up 0.6 %

Shares of OHI traded up $0.24 during trading hours on Friday, reaching $38.54. The company's stock had a trading volume of 2,136,401 shares, compared to its average volume of 1,847,302. The company has a 50 day moving average of $37.19 and a two-hundred day moving average of $38.50. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.09 and a beta of 0.75. Omega Healthcare Investors, Inc. has a 1-year low of $29.66 and a 1-year high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. As a group, research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently declared 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors's dividend payout ratio (DPR) 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.