Lake Street Private Wealth LLC Trims Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Lake Street Private Wealth LLC lessened its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 13.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,800 shares of the real estate investment trust’s stock after selling 2,375 shares during the period. Lake Street Private Wealth LLC’s holdings in Omega Healthcare Investors were worth $598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of 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 purchased a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at $31,000. Dunhill Financial LLC bought a new position in shares of Omega Healthcare Investors in the 3rd quarter worth $31,000. DiNuzzo Private Wealth Inc. bought a new stake in Omega Healthcare Investors during the third quarter valued at about $33,000. Finally, V Square Quantitative Management LLC boosted its position in 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 purchasing an additional 323 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

OHI has been the subject of several recent analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $43.00 price objective (up previously from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. 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 for the company in a research report on Monday, December 9th. Mizuho boosted their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Berenberg Bank initiated coverage on Omega Healthcare Investors in a research report on Friday, October 18th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.10.

Omega Healthcare Investors Stock Down 1.2 %

Shares of OHI stock opened at $37.39 on Friday. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.10. The stock has a market cap of $10.09 billion, a P/E ratio of 27.49, a P/E/G ratio of 1.08 and a beta of 0.99. The stock has a 50 day moving average of $38.86 and a 200 day moving average of $38.78. Omega Healthcare Investors, Inc. has a twelve month low of $27.53 and a twelve month high of $44.42.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.67 per share. The ex-dividend date was Monday, November 4th. This represents a $2.68 annualized dividend and a yield of 7.17%. Omega Healthcare Investors’s dividend payout ratio is presently 197.06%.

Omega Healthcare Investors Company 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.