Knights of Columbus Asset Advisors LLC Sells 133,521 Shares of Omega Healthcare Investors, Inc. $OHI

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amundi grew its stake in Omega Healthcare Investors by 100.4% during the 2nd quarter. Amundi now owns 1,125,875 shares of the real estate investment trust’s stock valued at $53,682,000 after purchasing an additional 564,175 shares in the last quarter. AlphaGrep UK Ltd acquired a new position in shares of Omega Healthcare Investors in the 2nd quarter valued at approximately $1,246,000. Van ECK Associates Corp raised its position in shares of Omega Healthcare Investors by 20.0% in the 2nd quarter. Van ECK Associates Corp now owns 199,170 shares of the real estate investment trust’s stock valued at $9,496,000 after purchasing an additional 33,211 shares in the last quarter. Greenland Capital Management LP acquired a new position in shares of Omega Healthcare Investors in the 2nd quarter valued at approximately $7,867,000. Finally, Quantinno Capital Management LP boosted its stake in shares of Omega Healthcare Investors by 48.5% during the 1st quarter. Quantinno Capital Management LP now owns 2,125,931 shares of the real estate investment trust’s stock valued at $93,158,000 after buying an additional 694,426 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock 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 firm’s 50-day moving average is $46.41 and its 200-day moving average is $46.73. The company has a market cap of $14.83 billion, a P/E ratio of 19.64, a PEG ratio of 1.97 and a beta of 0.56.

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

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 5th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $2.72 annualized dividend and a dividend yield of 5.6%. Omega Healthcare Investors’s dividend payout ratio is 109.68%.

Analyst Ratings Changes

OHI has been the subject of a number of recent analyst reports. Barclays decreased their price target 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. Mizuho upped their price target on shares of Omega Healthcare Investors from $45.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, August 31st. Cantor Fitzgerald upped their price target on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Weiss Ratings downgraded shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday. Finally, Citigroup raised shares of Omega Healthcare Investors from a “buy” rating to an “outperform” rating in a report on Thursday, October 22nd. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Omega Healthcare Investors presently has an average rating of “Hold” and a consensus target price of $50.00.

About Omega Healthcare Investors

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.