HighTower Advisors LLC Sells 4,351 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

HighTower Advisors LLC trimmed its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,574 shares of the real estate investment trust’s stock after selling 4,351 shares during the quarter. HighTower Advisors LLC’s holdings in Omega Healthcare Investors were worth $2,188,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of OHI. UMB Bank n.a. raised 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 valued at $27,000 after buying an additional 516 shares during the period. True Wealth Design LLC acquired a new position in shares of Omega Healthcare Investors during the 3rd quarter worth approximately $31,000. DiNuzzo Private Wealth Inc. bought a new stake in Omega Healthcare Investors in the 3rd quarter valued at $33,000. V Square Quantitative Management LLC lifted its holdings in Omega Healthcare Investors by 49.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 323 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in Omega Healthcare Investors during the third quarter worth $43,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OHI shares. BMO Capital Markets raised shares of 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. Wells Fargo & Company restated an “overweight” rating and set a $43.00 price objective (up from $40.00) on shares of Omega Healthcare Investors in a research report on Tuesday, October 1st. Scotiabank upped their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Royal Bank of Canada increased their target price on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Finally, Truist Financial boosted their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.18.

Insider Activity

In other Omega Healthcare Investors news, COO Daniel J. Booth sold 56,725 shares of Omega Healthcare Investors stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $40.25, for a total value of $2,283,181.25. Following the transaction, the chief operating officer now owns 100,000 shares in the company, valued at $4,025,000. The trade was a 36.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert O. Stephenson sold 22,542 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $40.19, for a total transaction of $905,962.98. Following the completion of the transaction, the chief financial officer now directly owns 183,076 shares of the company’s stock, valued at $7,357,824.44. This trade represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Omega Healthcare Investors Stock Performance

OHI opened at $39.21 on Friday. 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 52-week low of $27.53 and a 52-week high of $44.42. The firm has a market cap of $10.58 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 1.21 and a beta of 0.98. The business’s fifty day moving average is $40.38 and its 200-day moving average is $37.92.

Omega Healthcare Investors Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 6.83%. The ex-dividend date was Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio is currently 197.06%.

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.