Values First Advisors Inc. Lowers Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Values First Advisors Inc. reduced its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 15.9% during the fourth quarter, HoldingsChannel reports. The firm owned 16,388 shares of the real estate investment trust’s stock after selling 3,094 shares during the period. Values First Advisors Inc.’s holdings in Omega Healthcare Investors were worth $502,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Qube Research & Technologies Ltd bought a new position in Omega Healthcare Investors during the third quarter valued at approximately $25,000. Resurgent Financial Advisors LLC bought a new position in shares of Omega Healthcare Investors in the fourth quarter worth approximately $27,000. Point72 Asset Management L.P. bought a new position in shares of Omega Healthcare Investors in the second quarter worth approximately $32,000. Peoples Bank KS bought a new stake in Omega Healthcare Investors in the third quarter valued at $33,000. Finally, NBC Securities Inc. bought a new stake in Omega Healthcare Investors in the third quarter valued at $34,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI traded up $0.62 during midday trading on Thursday, reaching $31.67. 1,694,651 shares of the stock traded hands, compared to its average volume of 1,877,736. The stock has a market capitalization of $7.77 billion, a PE ratio of 31.99, a P/E/G ratio of 10.15 and a beta of 0.92. The company’s 50 day moving average is $30.38 and its 200 day moving average is $31.44. Omega Healthcare Investors, Inc. has a one year low of $26.00 and a one 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.

Omega Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were given a $0.67 dividend. The ex-dividend date was Friday, February 2nd. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.18. This represents a $2.68 dividend on an annualized basis and a yield of 8.46%. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 270.71%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OHI. Bank of America cut shares of Omega Healthcare Investors from a “buy” rating to a “neutral” rating and cut their price target for the company from $33.00 to $31.00 in a report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Omega Healthcare Investors in a research report on Tuesday, January 30th. They set a “buy” rating and a $36.00 price objective for the company. Mizuho lowered their price objective on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, January 3rd. BNP Paribas raised Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective for the company in a research report on Thursday, February 8th. Finally, Truist Financial dropped their price target on shares of Omega Healthcare Investors from $34.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of “Hold” and a consensus price target of $32.89.

Omega Healthcare Investors 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.