Beacon Pointe Advisors LLC Sells 1,509 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Beacon Pointe Advisors LLC trimmed its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,045 shares of the real estate investment trust’s stock after selling 1,509 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Omega Healthcare Investors were worth $216,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of OHI. Private Advisor Group LLC boosted its position in Omega Healthcare Investors by 45.9% during the 3rd quarter. Private Advisor Group LLC now owns 32,800 shares of the real estate investment trust’s stock valued at $1,088,000 after acquiring an additional 10,326 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Omega Healthcare Investors during the third quarter valued at approximately $34,000. Lincoln National Corp lifted its holdings in shares of Omega Healthcare Investors by 7.8% during the third quarter. Lincoln National Corp now owns 10,657 shares of the real estate investment trust’s stock valued at $353,000 after purchasing an additional 769 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Omega Healthcare Investors by 9.7% during the third quarter. Victory Capital Management Inc. now owns 77,903 shares of the real estate investment trust’s stock valued at $2,583,000 after purchasing an additional 6,860 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Omega Healthcare Investors by 1.2% during the third quarter. Retirement Systems of Alabama now owns 305,749 shares of the real estate investment trust’s stock valued at $10,139,000 after purchasing an additional 3,739 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OHI shares. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Wells Fargo & Company upgraded shares of Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $31.00 to $35.00 in a report on Monday, February 26th. BNP Paribas upgraded shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 target price for the company in a report on Thursday, February 8th. Truist Financial lifted their target price on shares of Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. Finally, Citigroup upgraded shares of Omega Healthcare Investors from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $32.00 to $35.00 in a report on Friday, March 22nd. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.63.

Omega Healthcare Investors Price Performance

Shares of OHI opened at $31.47 on Monday. The firm has a market cap of $7.78 billion, a PE ratio of 28.35, a P/E/G ratio of 2.60 and a beta of 0.92. The company has a current ratio of 6.68, a quick ratio of 6.68 and a debt-to-equity ratio of 1.36. The firm has a fifty day simple moving average of $30.97 and a two-hundred day simple moving average of $30.78. Omega Healthcare Investors, Inc. has a 1-year low of $27.53 and a 1-year high of $34.77.

Omega Healthcare Investors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.68 dividend on an annualized basis and a yield of 8.52%. Omega Healthcare Investors’s dividend payout ratio is presently 241.44%.

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.