Mutual of America Capital Management LLC Sells 7,784 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Mutual of America Capital Management LLC lowered its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,282 shares of the real estate investment trust’s stock after selling 7,784 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Omega Healthcare Investors worth $4,638,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Federated Hermes Inc. grew its stake in shares of Omega Healthcare Investors by 7,010.8% during 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 acquiring an additional 2,448,046 shares during the period. State Street Corp grew its stake in shares of Omega Healthcare Investors by 14.8% during 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 acquiring an additional 1,715,004 shares during the period. FMR LLC grew its stake in shares of Omega Healthcare Investors by 96.5% during the 3rd quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust’s stock worth $98,908,000 after acquiring an additional 1,464,693 shares during the period. Norges Bank bought a new position in shares of Omega Healthcare Investors during the 4th quarter worth $36,626,000. Finally, Wellington Management Group LLP grew its stake in shares of Omega Healthcare Investors by 2,444.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust’s stock worth $37,409,000 after acquiring an additional 1,083,816 shares during the period. Institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OHI. Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and increased their price target for the stock from $32.00 to $35.00 in a research note on Friday, March 22nd. Truist Financial increased their price objective on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Bank of America cut Omega Healthcare Investors from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $33.00 to $31.00 in a report on Tuesday, January 16th. Mizuho dropped their price objective on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd. Finally, Wells Fargo & Company raised Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $31.00 to $35.00 in a report on Monday, February 26th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.58.

Omega Healthcare Investors Stock Performance

NYSE:OHI opened at $30.33 on Tuesday. The business’s 50-day moving average price is $30.95 and its two-hundred day moving average price is $31.26. Omega Healthcare Investors, Inc. has a twelve month low of $26.00 and a twelve month high of $34.77. The stock has a market cap of $7.44 billion, a P/E ratio of 30.63, a PEG ratio of 9.99 and a beta of 0.91. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 1.35.

Omega Healthcare Investors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were issued a $0.67 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $2.68 annualized dividend and a dividend yield of 8.84%. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.18. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 270.71%.

Omega Healthcare Investors Company 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.