Todd Asset Management LLC Reduces Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Todd Asset Management LLC reduced its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,309 shares of the real estate investment trust’s stock after selling 610 shares during the quarter. Todd Asset Management LLC’s holdings in Omega Healthcare Investors were worth $899,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OHI. Peoples Bank KS acquired a new position in Omega Healthcare Investors in the third quarter valued at $33,000. NBC Securities Inc. acquired a new position in Omega Healthcare Investors in the third quarter valued at $34,000. GAMMA Investing LLC acquired a new position in Omega Healthcare Investors in the fourth quarter valued at $35,000. Highlander Capital Management LLC boosted its stake in Omega Healthcare Investors by 150.0% in the fourth quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 750 shares in the last quarter. Finally, Clear Street Markets LLC acquired a new stake in shares of Omega Healthcare Investors during the third quarter worth about $73,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock traded up $0.07 during mid-day trading on Friday, reaching $31.34. The company had a trading volume of 2,470,937 shares, compared to its average volume of 1,414,371. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $34.77. The company has a debt-to-equity ratio of 1.35, a current ratio of 6.76 and a quick ratio of 6.76. The company has a market capitalization of $7.74 billion, a P/E ratio of 28.23, a P/E/G ratio of 10.24 and a beta of 0.92. The stock’s 50-day simple moving average is $30.97 and its 200-day simple moving average is $31.04.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.67 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.68 dividend on an annualized basis and a yield of 8.55%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Bank of America downgraded shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $31.00 in a research note on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Omega Healthcare Investors in a research note on Tuesday, January 30th. They set a “buy” rating and a $36.00 target price for the company. BNP Paribas upgraded shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price for the company in a research note on Thursday, February 8th. Finally, Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $32.00 to $35.00 in a research note on Friday, March 22nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Omega Healthcare Investors currently has an average rating of “Hold” and an average target price of $33.63.

Omega Healthcare Investors Profile

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.