Sheaff Brock Investment Advisors LLC Sells 739 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Sheaff Brock Investment Advisors LLC reduced its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,004 shares of the real estate investment trust’s stock after selling 739 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Omega Healthcare Investors were worth $1,584,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. MeadowBrook Investment Advisors LLC bought a new stake in Omega Healthcare Investors in the fourth quarter worth $31,000. GAMMA Investing LLC bought a new position in Omega Healthcare Investors in the fourth quarter worth about $35,000. Highlander Capital Management LLC increased its holdings in shares of Omega Healthcare Investors by 150.0% during the fourth quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 750 shares in the last quarter. WFA Asset Management Corp acquired a new position in shares of Omega Healthcare Investors during the first quarter valued at about $39,000. Finally, Covestor Ltd increased its holdings in Omega Healthcare Investors by 47.6% in the 1st quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 431 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Monday, May 6th. Mizuho downgraded Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $34.00 to $35.00 in a research report on Thursday. Truist Financial raised their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Scotiabank lifted their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.73.

Omega Healthcare Investors Stock Up 1.7 %

OHI stock traded up $0.61 during trading hours on Friday, reaching $36.34. 1,195,067 shares of the stock were exchanged, compared to its average volume of 1,673,693. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 1.42 and a beta of 0.97. The firm’s 50-day moving average is $33.25 and its 200-day moving average is $31.51. The company has a debt-to-equity ratio of 1.36, a current ratio of 6.68 and a quick ratio of 6.68. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $37.13.

Omega Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $2.68 annualized dividend and a yield of 7.37%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 241.44%.

Omega Healthcare Investors Company 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.