Los Angeles Capital Management LLC Trims Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Los Angeles Capital Management LLC trimmed its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 14.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 153,334 shares of the real estate investment trust’s stock after selling 25,850 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Omega Healthcare Investors were worth $5,804,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp grew its holdings in Omega Healthcare Investors by 0.9% during the 3rd quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust’s stock valued at $502,228,000 after buying an additional 114,085 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Omega Healthcare Investors by 3.1% in the third quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock valued at $261,589,000 after acquiring an additional 192,465 shares during the period. FMR LLC grew its stake in Omega Healthcare Investors by 9.9% during the third quarter. FMR LLC now owns 4,216,835 shares of the real estate investment trust’s stock valued at $171,625,000 after acquiring an additional 380,626 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Omega Healthcare Investors by 317.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,949,368 shares of the real estate investment trust’s stock worth $160,739,000 after acquiring an additional 3,003,845 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Omega Healthcare Investors by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,830,302 shares of the real estate investment trust’s stock worth $155,893,000 after purchasing an additional 240,006 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock opened at $36.62 on Thursday. The firm has a market capitalization of $10.32 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. 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 12 month low of $29.66 and a 12 month high of $44.42. The business’s 50-day moving average price is $37.25 and its 200-day moving average price is $39.03.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. Sell-side analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors’s payout ratio is presently 172.90%.

Analyst Upgrades and Downgrades

OHI has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their price target 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. BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a research report on Thursday, October 31st. Mizuho upped their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. JMP Securities reiterated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Monday, December 9th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.67.

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.