Insight Folios Inc Sells 2,403 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Insight Folios Inc reduced its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 211,929 shares of the real estate investment trust’s stock after selling 2,403 shares during the quarter. Omega Healthcare Investors makes up about 2.7% of Insight Folios Inc’s portfolio, making the stock its 14th biggest holding. Insight Folios Inc owned 0.09% of Omega Healthcare Investors worth $6,712,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in OHI. Norges Bank bought a new stake in Omega Healthcare Investors in the 4th quarter valued at $61,698,000. Wellington Management Group LLP boosted its stake in Omega Healthcare Investors by 2,444.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust’s stock valued at $37,409,000 after purchasing an additional 1,083,816 shares during the period. Vanguard Group Inc. boosted its stake in Omega Healthcare Investors by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock valued at $1,156,219,000 after purchasing an additional 1,003,927 shares during the period. Centersquare Investment Management LLC boosted its stake in Omega Healthcare Investors by 36.6% in the 4th quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock valued at $109,924,000 after purchasing an additional 960,997 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Omega Healthcare Investors by 72.2% in the 4th quarter. California Public Employees Retirement System now owns 1,276,276 shares of the real estate investment trust’s stock valued at $39,131,000 after purchasing an additional 535,093 shares during the period. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock traded down $0.14 during trading on Thursday, reaching $33.79. 727,190 shares of the company’s stock were exchanged, compared to its average volume of 1,508,402. Omega Healthcare Investors, Inc. has a 1-year low of $27.53 and a 1-year high of $34.77. The firm’s 50-day moving average price is $31.90 and its 200 day moving average price is $31.02. The company has a debt-to-equity ratio of 1.36, a quick ratio of 6.68 and a current ratio of 6.68. The company has a market cap of $8.35 billion, a P/E ratio of 30.42, a PEG ratio of 1.24 and a beta of 0.97.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a $0.67 dividend. 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 7.93%. Omega Healthcare Investors’s payout ratio is presently 241.44%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Monday, May 6th. Wells Fargo & Company raised Omega Healthcare Investors to a “strong-buy” rating in a report on Friday, June 14th. Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $32.00 to $35.00 in a report on Friday, March 22nd. Finally, Truist Financial lifted their price objective on Omega Healthcare Investors from $32.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.71.

About Omega Healthcare Investors

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.