Wright Investors Service Inc. Sells 32,097 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Wright Investors Service Inc. reduced its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 48.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,187 shares of the real estate investment trust’s stock after selling 32,097 shares during the quarter. Wright Investors Service Inc.’s holdings in Omega Healthcare Investors were worth $1,294,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in OHI. UMB Bank n.a. lifted its stake in 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 acquiring an additional 516 shares during the period. True Wealth Design LLC bought a new position in Omega Healthcare Investors in the 3rd quarter worth $31,000. Dunhill Financial LLC purchased a new stake in shares of Omega Healthcare Investors in the 3rd quarter worth about $31,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Omega Healthcare Investors during the 3rd quarter valued at about $33,000. Finally, V Square Quantitative Management LLC increased its position in shares of Omega Healthcare Investors by 49.5% during the third quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 323 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on OHI. Wells Fargo & Company restated an “overweight” rating and issued a $43.00 price objective (up from $40.00) on shares of Omega Healthcare Investors in a report on Tuesday, October 1st. Berenberg Bank started coverage on Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 target price for the company. Royal Bank of Canada lifted their price target on 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. Mizuho increased their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.18.

Omega Healthcare Investors Stock Performance

Shares of OHI stock opened at $37.17 on Tuesday. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 1.22 and a beta of 0.99. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48. Omega Healthcare Investors, Inc. has a one year low of $27.53 and a one year high of $44.42. The company’s 50-day moving average is $39.11 and its 200 day moving average is $38.75.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date of this dividend was Monday, November 4th. Omega Healthcare Investors’s payout ratio is 197.06%.

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.