Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. reduced its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 98.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 22,508 shares of the real estate investment trust’s stock after selling 2,116,686 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Omega Healthcare Investors were worth $852,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in OHI. Stonebridge Financial Group LLC acquired a new position in Omega Healthcare Investors during the 4th quarter worth $26,000. Grove Bank & Trust acquired a new position in Omega Healthcare Investors during the 4th quarter worth $30,000. Kentucky Trust Co acquired a new position in Omega Healthcare Investors during the 4th quarter worth $38,000. UMB Bank n.a. grew its holdings in Omega Healthcare Investors by 68.6% during the 4th quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 454 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in Omega Healthcare Investors by 44.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,410 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 434 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OHI has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $41.00 to $39.00 in a report on Thursday, March 27th. Finally, JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Omega Healthcare Investors presently has an average rating of “Hold” and an average price target of $42.00.

Omega Healthcare Investors Trading Down 1.9%

Shares of NYSE:OHI opened at $35.75 on Thursday. The company has a 50 day moving average of $37.45 and a 200-day moving average of $38.07. The firm has a market cap of $10.35 billion, a P/E ratio of 23.06, a P/E/G ratio of 1.09 and a beta of 0.73. Omega Healthcare Investors, Inc. has a twelve month low of $30.48 and a twelve month high of $44.42. 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 (NYSE:OHI) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. The company had revenue of $228.38 million during the quarter, compared to analyst estimates of $236.61 million. During the same period in the prior year, the business posted $0.68 EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.50%. Omega Healthcare Investors’s payout ratio is currently 166.46%.

Omega Healthcare Investors Profile

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.