Legal & General Group Plc Sells 51,324 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Legal & General Group Plc cut its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,640,138 shares of the real estate investment trust’s stock after selling 51,324 shares during the period. Legal & General Group Plc’s holdings in Omega Healthcare Investors were worth $62,079,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of Omega Healthcare Investors by 291.4% in the third quarter. Wellington Management Group LLP now owns 291,682 shares of the real estate investment trust’s stock valued at $11,871,000 after acquiring an additional 217,168 shares in the last quarter. National Bank of Canada FI purchased a new position in Omega Healthcare Investors in the third quarter worth $6,488,000. MML Investors Services LLC grew its stake in Omega Healthcare Investors by 17.7% in the 3rd quarter. MML Investors Services LLC now owns 30,455 shares of the real estate investment trust’s stock valued at $1,240,000 after purchasing an additional 4,576 shares during the period. M&T Bank Corp increased its position in shares of Omega Healthcare Investors by 1.2% during the 3rd quarter. M&T Bank Corp now owns 29,784 shares of the real estate investment trust’s stock valued at $1,212,000 after purchasing an additional 367 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Omega Healthcare Investors by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock worth $261,589,000 after buying an additional 192,465 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OHI. Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $41.00 to $39.00 in a research note on Thursday, March 27th. Finally, JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.00.

Omega Healthcare Investors Stock Up 0.5 %

Omega Healthcare Investors stock opened at $37.84 on Friday. The firm has a 50 day simple moving average of $37.15 and a 200 day simple moving average of $38.55. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors, Inc. has a 1-year low of $29.66 and a 1-year high of $44.42. The firm has a market capitalization of $10.66 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 1.09 and a beta of 0.75.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. On average, analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.08%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio is presently 172.90%.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.