Greenwich Investment Management Inc. Cuts Holdings in Omega Healthcare Investors Inc (OHI)

Greenwich Investment Management Inc. lessened its stake in Omega Healthcare Investors Inc (NYSE:OHI) by 52.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,093 shares of the real estate investment trust’s stock after selling 58,176 shares during the period. Omega Healthcare Investors makes up about 2.1% of Greenwich Investment Management Inc.’s holdings, making the stock its 18th biggest holding. Greenwich Investment Management Inc.’s holdings in Omega Healthcare Investors were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its stake in Omega Healthcare Investors by 6.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 872,421 shares of the real estate investment trust’s stock worth $27,839,000 after buying an additional 54,052 shares in the last quarter. Weaver C. Barksdale & Associates Inc. grew its stake in Omega Healthcare Investors by 77.2% in the 4th quarter. Weaver C. Barksdale & Associates Inc. now owns 52,210 shares of the real estate investment trust’s stock worth $1,438,000 after buying an additional 22,743 shares in the last quarter. California Public Employees Retirement System grew its stake in Omega Healthcare Investors by 5.4% in the 3rd quarter. California Public Employees Retirement System now owns 389,557 shares of the real estate investment trust’s stock worth $12,431,000 after buying an additional 19,876 shares in the last quarter. Legal & General Group Plc grew its stake in Omega Healthcare Investors by 12.6% in the 3rd quarter. Legal & General Group Plc now owns 703,210 shares of the real estate investment trust’s stock worth $22,439,000 after buying an additional 78,704 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Omega Healthcare Investors by 11.6% in the 3rd quarter. Wells Fargo & Company MN now owns 482,123 shares of the real estate investment trust’s stock worth $15,385,000 after buying an additional 50,275 shares in the last quarter. 73.86% of the stock is owned by institutional investors and hedge funds.

Shares of Omega Healthcare Investors Inc (NYSE:OHI) opened at $27.50 on Tuesday. Omega Healthcare Investors Inc has a 1-year low of $24.90 and a 1-year high of $35.14. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 1.18. The company has a market cap of $5,397.67, a price-to-earnings ratio of 55.00, a P/E/G ratio of 3.08 and a beta of 0.46.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.18). Omega Healthcare Investors had a net margin of 11.06% and a return on equity of 2.48%. The firm had revenue of $221.21 million for the quarter, compared to the consensus estimate of $219.07 million. equities analysts anticipate that Omega Healthcare Investors Inc will post 2.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a yield of 9.60%. Omega Healthcare Investors’s dividend payout ratio is 528.01%.

In related news, Director Bernard J. Korman acquired 100,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was acquired at an average cost of $26.89 per share, for a total transaction of $2,689,000.00. Following the acquisition, the director now owns 896,895 shares of the company’s stock, valued at $24,117,506.55. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.54% of the stock is currently owned by corporate insiders.

OHI has been the subject of a number of research reports. Zacks Investment Research cut shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Omega Healthcare Investors in a research note on Tuesday, February 13th. Wells Fargo & Co raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Thursday, February 15th. ValuEngine cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, SunTrust Banks set a $28.00 price objective on shares of Omega Healthcare Investors and gave the company a “hold” rating in a research note on Monday, January 22nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Omega Healthcare Investors presently has a consensus rating of “Hold” and an average price target of $31.37.

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Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.

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Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

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