Sheets Smith Wealth Management Sells 3,019 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Sheets Smith Wealth Management lessened its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 9.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 29,404 shares of the real estate investment trust’s stock after selling 3,019 shares during the quarter. Sheets Smith Wealth Management’s holdings in Omega Healthcare Investors were worth $1,113,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in OHI. UMB Bank n.a. grew its holdings in shares of Omega Healthcare Investors by 353.4% in the third quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 516 shares during the last quarter. Grove Bank & Trust purchased a new stake in Omega Healthcare Investors during the 4th quarter valued at $30,000. True Wealth Design LLC bought a new stake in Omega Healthcare Investors in the 3rd quarter worth $31,000. Dunhill Financial LLC bought a new stake in Omega Healthcare Investors in the 3rd quarter worth $31,000. Finally, DiNuzzo Private Wealth Inc. purchased a new position in shares of Omega Healthcare Investors in the third quarter valued at about $33,000. 65.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Mizuho increased their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Monday, December 9th. Berenberg Bank started coverage on Omega Healthcare Investors in a report on Friday, October 18th. They set a “buy” rating and a $45.00 target price for the company. BNP Paribas raised Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a research note on Thursday, October 31st. Finally, Royal Bank of Canada boosted their price objective on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.10.

Omega Healthcare Investors Stock Performance

Shares of OHI stock opened at $37.68 on Wednesday. The company’s fifty day moving average price is $38.78 and its 200-day moving average price is $38.88. The stock has a market cap of $10.17 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.10. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $44.42.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date of this dividend was Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 197.06%.

Omega Healthcare Investors Company 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.