Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Sold by AGF Management Ltd.

AGF Management Ltd. decreased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 18.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,796 shares of the real estate investment trust's stock after selling 14,480 shares during the quarter. AGF Management Ltd.'s holdings in Omega Healthcare Investors were worth $2,453,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OHI. Stonebridge Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter worth $26,000. Grove Bank & Trust purchased a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at about $30,000. True Wealth Design LLC acquired a new stake in Omega Healthcare Investors during the third quarter worth about $31,000. Dunhill Financial LLC acquired a new stake in Omega Healthcare Investors during the third quarter worth about $31,000. Finally, Kentucky Trust Co purchased a new position in Omega Healthcare Investors during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Trading Up 1.6 %

Shares of OHI stock traded up $0.59 on Monday, hitting $38.21. The stock had a trading volume of 1,901,847 shares, compared to its average volume of 1,666,673. The company's 50 day moving average price is $37.03 and its 200-day moving average price is $38.94. Omega Healthcare Investors, Inc. has a 1 year low of $29.66 and a 1 year 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. The firm has a market capitalization of $10.77 billion, a P/E ratio of 24.65, a P/E/G ratio of 1.09 and a beta of 1.00.

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Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly 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%. Analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OHI. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price target for the company in a report on Monday, December 9th. Mizuho increased their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Wells Fargo & Company reduced their target price on Omega Healthcare Investors from $43.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Finally, JMP Securities reiterated a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $41.44.

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.