Russell Investments Group Ltd. Sells 1,094 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Russell Investments Group Ltd. lessened its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Get Rating) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,096 shares of the real estate investment trust’s stock after selling 1,094 shares during the quarter. Russell Investments Group Ltd.’s holdings in Omega Healthcare Investors were worth $1,344,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of OHI. Edmp Inc. boosted its position in Omega Healthcare Investors by 2,534.9% during the 4th quarter. Edmp Inc. now owns 3,800,453 shares of the real estate investment trust’s stock valued at $135,973,000 after acquiring an additional 3,656,216 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Omega Healthcare Investors by 7,010.8% in the 1st quarter. Federated Hermes Inc. now owns 2,482,964 shares of the real estate investment trust’s stock worth $77,369,000 after purchasing an additional 2,448,046 shares in the last quarter. State Street Corp boosted its position in shares of Omega Healthcare Investors by 14.8% in the 1st quarter. State Street Corp now owns 13,300,467 shares of the real estate investment trust’s stock worth $414,443,000 after purchasing an additional 1,715,004 shares in the last quarter. BlackRock Inc. boosted its position in shares of Omega Healthcare Investors by 3.9% in the 3rd quarter. BlackRock Inc. now owns 27,590,673 shares of the real estate investment trust’s stock worth $813,650,000 after purchasing an additional 1,024,759 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Omega Healthcare Investors by 1,173.6% in the 3rd quarter. Prudential Financial Inc. now owns 1,024,141 shares of the real estate investment trust’s stock worth $29,475,000 after purchasing an additional 943,731 shares in the last quarter. Institutional investors own 63.58% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock opened at $28.48 on Thursday. The company has a quick ratio of 4.76, a current ratio of 4.76 and a debt-to-equity ratio of 1.43. Omega Healthcare Investors, Inc. has a twelve month low of $25.61 and a twelve month high of $33.71. The business has a 50-day moving average price of $27.67 and a 200 day moving average price of $28.41. The firm has a market cap of $6.67 billion, a PE ratio of 24.77 and a beta of 1.01.

Omega Healthcare Investors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 9.41%. The ex-dividend date of this dividend was Friday, April 28th. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.18. Omega Healthcare Investors’s payout ratio is currently 233.05%.

Analyst Upgrades and Downgrades

OHI has been the subject of a number of recent analyst reports. Credit Suisse Group reissued an “underperform” rating and issued a $25.00 price objective on shares of Omega Healthcare Investors in a research report on Friday, March 31st. StockNews.com cut Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Citigroup lowered their price target on Omega Healthcare Investors from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, February 22nd. Wells Fargo & Company initiated coverage on Omega Healthcare Investors in a research report on Wednesday, April 19th. They set an “overweight” rating and a $30.00 price target for the company. Finally, Stifel Nicolaus lowered their price target on Omega Healthcare Investors from $36.00 to $33.00 in a research report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.60.

Omega Healthcare Investors Profile

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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.