New York State Common Retirement Fund Sells 23,058 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

New York State Common Retirement Fund reduced its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,384 shares of the real estate investment trust’s stock after selling 23,058 shares during the period. New York State Common Retirement Fund owned 0.08% of Omega Healthcare Investors worth $6,328,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Peoples Bank KS purchased a new position in Omega Healthcare Investors during the third quarter valued at approximately $33,000. NBC Securities Inc. bought a new stake in shares of Omega Healthcare Investors during the 3rd quarter valued at $34,000. Highlander Capital Management LLC lifted its stake in shares of Omega Healthcare Investors by 150.0% during the 4th quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 750 shares in the last quarter. Clear Street Markets LLC bought a new position in Omega Healthcare Investors in the 3rd quarter worth $73,000. Finally, Allworth Financial LP increased its stake in Omega Healthcare Investors by 699.4% in the 4th quarter. Allworth Financial LP now owns 2,854 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 2,497 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OHI has been the topic of several research analyst reports. Citigroup upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $32.00 to $35.00 in a research report on Friday, March 22nd. Truist Financial increased their price objective on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. BNP Paribas raised shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price on the stock in a report on Thursday, February 8th. Bank of America cut shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and cut their target price for the company from $33.00 to $31.00 in a research note on Tuesday, January 16th. Finally, Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $31.00 to $35.00 in a research note on Monday, February 26th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $33.63.

Omega Healthcare Investors Trading Up 0.2 %

Shares of NYSE OHI opened at $31.33 on Friday. 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 business’s 50 day moving average is $30.97 and its two-hundred day moving average is $31.04. The stock has a market capitalization of $7.74 billion, a P/E ratio of 31.65, a PEG ratio of 10.05 and a beta of 0.92.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend is Monday, April 29th. Omega Healthcare Investors’s dividend payout ratio is currently 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.