Omega Healthcare Investors, Inc. $OHI Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lowered its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 53.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,588 shares of the real estate investment trust’s stock after selling 133,521 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Omega Healthcare Investors were worth $5,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC raised its holdings in shares of Omega Healthcare Investors by 50.3% in the 3rd quarter. Fortitude Family Office LLC now owns 699 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 234 shares during the period. Ascentis Independent Advisors acquired a new position in shares of Omega Healthcare Investors in the 1st quarter valued at about $35,000. Latitude Advisors LLC acquired a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at about $35,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Omega Healthcare Investors by 53.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 906 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 315 shares during the period. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Omega Healthcare Investors by 645.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 924 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. Wall Street Zen raised shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Cantor Fitzgerald lifted their price target on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Mizuho boosted their price objective on shares of Omega Healthcare Investors from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, August 31st. Finally, Barclays dropped their price objective on shares of Omega Healthcare Investors from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Tuesday, October 13th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.00.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $48.71 on Wednesday. Omega Healthcare Investors, Inc. has a 1-year low of $42.18 and a 1-year high of $52.39. The business has a 50-day moving average of $46.41 and a 200-day moving average of $46.73. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.97 and a beta of 0.56.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). The company had revenue of $340.55 million during the quarter, compared to analyst estimates of $269.16 million. Omega Healthcare Investors had a net margin of 58.11% and a return on equity of 13.66%. Omega Healthcare Investors’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. Research analysts expect that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 5th will be given a $0.68 dividend. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $2.72 annualized dividend and a yield of 5.6%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 109.68%.

Omega Healthcare Investors Profile

Omega Healthcare Investors, Inc. is a real estate investment trust (REIT) focused on healthcare facilities, particularly skilled nursing and assisted living properties. The company invests in these facilities through real estate leases, loans and other financing arrangements. Its portfolio serves healthcare operators in the United States and the United Kingdom. Omega primarily leases properties to third-party operators, which manage the facilities and provide care to residents. Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega is led by President and Chief Executive Officer Taylor Pickett.