Free Trial

Ontario Teachers Pension Plan Board Sells 105,313 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Omega Healthcare Investors logo with Finance background

Ontario Teachers Pension Plan Board cut its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 62.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,798 shares of the real estate investment trust's stock after selling 105,313 shares during the period. Ontario Teachers Pension Plan Board's holdings in Omega Healthcare Investors were worth $2,556,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in Omega Healthcare Investors by 1.7% in the third quarter. Assetmark Inc. now owns 1,191,460 shares of the real estate investment trust's stock valued at $48,492,000 after acquiring an additional 19,542 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Omega Healthcare Investors by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust's stock valued at $1,120,478,000 after buying an additional 165,105 shares during the period. Caxton Associates LP acquired a new position in shares of Omega Healthcare Investors in the second quarter worth $1,652,000. Van ECK Associates Corp raised its holdings in shares of Omega Healthcare Investors by 15.4% during the third quarter. Van ECK Associates Corp now owns 100,145 shares of the real estate investment trust's stock worth $4,167,000 after acquiring an additional 13,367 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new stake in Omega Healthcare Investors during the first quarter valued at $646,000. Hedge funds and other institutional investors own 65.25% of the company's stock.

Insiders Place Their Bets

In other Omega Healthcare Investors news, COO Daniel J. Booth sold 56,725 shares of the stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 100,000 shares in the company, valued at $4,025,000. This represents a 36.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert O. Stephenson sold 22,542 shares of Omega Healthcare Investors stock in a transaction on Friday, September 27th. The shares were sold at an average price of $40.19, for a total value of $905,962.98. Following the sale, the chief financial officer now directly owns 183,076 shares of the company's stock, valued at $7,357,824.44. This represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OHI. Mizuho cut shares of Omega Healthcare Investors from an "outperform" rating to a "neutral" rating and upped their price objective for the stock from $34.00 to $35.00 in a report on Thursday, July 25th. Scotiabank upped their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. Royal Bank of Canada raised their price objective on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a "sector perform" rating in a research note on Monday, November 11th. Wells Fargo & Company reiterated an "overweight" rating and set a $43.00 price target (up previously from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday, October 1st. Finally, Truist Financial boosted their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a "hold" rating in a research note on Wednesday, September 4th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $40.00.

Check Out Our Latest Stock Analysis on OHI

Omega Healthcare Investors Stock Performance

Shares of Omega Healthcare Investors stock traded down $0.27 during mid-day trading on Wednesday, hitting $39.88. 1,189,180 shares of the stock were exchanged, compared to its average volume of 1,680,425. The company has a market capitalization of $10.76 billion, a P/E ratio of 29.32, a P/E/G ratio of 1.25 and a beta of 0.99. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48. The company has a 50-day simple moving average of $40.65 and a 200 day simple moving average of $36.86. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $44.42.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.68 annualized dividend and a yield of 6.72%. Omega Healthcare Investors's payout ratio is 197.06%.

Omega Healthcare Investors Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

Should you invest $1,000 in Omega Healthcare Investors right now?

Before you consider Omega Healthcare Investors, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Omega Healthcare Investors wasn't on the list.

While Omega Healthcare Investors currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

NVIDIA Earnings: Can Blackwell Propel the Stock to $200+ in 2025?

NVIDIA Earnings: Can Blackwell Propel the Stock to $200+ in 2025?

NVIDIA's Q3 earnings exceeded expectations with 95% revenue growth and 111% EPS growth. Could $200+ be the next target for NVIDIA stock in 2025?

Related Videos

’Best Report in 2 Years’: NVIDIA Earnings Crushes Expectations Again
How to Profit from NVIDIA’s Earnings: Short-Term Trading Guide
NVIDIA Nears All-Time Highs: How High Can This AI Leader Climb?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines