Ontario Teachers Pension Plan Board Sells 23,580 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Ontario Teachers Pension Plan Board decreased its position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 37.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,218 shares of the real estate investment trust's stock after selling 23,580 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Omega Healthcare Investors were worth $1,484,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OHI. Stonebridge Financial Group LLC bought a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at approximately $26,000. Grove Bank & Trust acquired a new position in Omega Healthcare Investors during the 4th quarter valued at $30,000. Kentucky Trust Co bought a new stake in Omega Healthcare Investors in the 4th quarter valued at $38,000. UMB Bank n.a. grew its position in Omega Healthcare Investors by 68.6% in the 4th quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 454 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of Omega Healthcare Investors by 44.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,410 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 434 shares during the period. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI traded down $0.37 during midday trading on Monday, reaching $38.20. 321,914 shares of the company traded hands, compared to its average volume of 1,845,787. The stock's 50-day simple moving average is $37.24 and its 200-day simple moving average is $38.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. Omega Healthcare Investors, Inc. has a 12 month low of $29.66 and a 12 month high of $44.42. The firm has a market cap of $10.97 billion, a PE ratio of 24.65, a PEG ratio of 1.09 and a beta of 0.75.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate 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, equities analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.02%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors's payout ratio is presently 172.90%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Truist Financial lifted their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. Wells Fargo & Company cut Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $41.00 to $39.00 in a research report on Thursday, March 27th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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.