Omega Healthcare Investors, Inc. $OHI Shares Sold by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC reduced its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 26.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,691,009 shares of the real estate investment trust’s stock after selling 621,882 shares during the period. Omega Healthcare Investors comprises about 2.8% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 17th largest holding. Lasalle Investment Management Securities LLC owned about 0.57% of Omega Healthcare Investors worth $71,394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in Omega Healthcare Investors by 40.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 268 shares during the period. Guggenheim Capital LLC lifted its position in shares of Omega Healthcare Investors by 1.0% during the second quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust’s stock worth $1,077,000 after purchasing an additional 280 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Omega Healthcare Investors by 11.0% during the third quarter. UMB Bank n.a. now owns 2,965 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 293 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Omega Healthcare Investors by 0.5% in the second quarter. Coldstream Capital Management Inc. now owns 60,924 shares of the real estate investment trust’s stock valued at $2,233,000 after purchasing an additional 301 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Omega Healthcare Investors by 3.1% in the third quarter. PNC Financial Services Group Inc. now owns 11,183 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on OHI shares. Cantor Fitzgerald increased their target price on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Truist Financial upped their price objective on Omega Healthcare Investors from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, December 1st. Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. Wells Fargo & Company cut Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $48.00 to $45.00 in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada upped their price target on Omega Healthcare Investors from $44.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.36.

Omega Healthcare Investors Stock Performance

NYSE:OHI opened at $48.32 on Friday. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $49.14. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.04 and a quick ratio of 5.04. The firm has a market capitalization of $14.28 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 1.56 and a beta of 0.57. The business’s fifty day moving average price is $45.02 and its 200 day moving average price is $43.46.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.68 dividend on an annualized basis and a yield of 5.5%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 138.86%.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.