First City Capital Management Inc. Has $238,000 Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

First City Capital Management Inc. lessened its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 7.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,859 shares of the real estate investment trust’s stock after selling 450 shares during the quarter. First City Capital Management Inc.’s holdings in Omega Healthcare Investors were worth $238,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its position in Omega Healthcare Investors by 1.7% in the 3rd quarter. Assetmark Inc. now owns 1,191,460 shares of the real estate investment trust’s stock worth $48,492,000 after buying an additional 19,542 shares during the period. Vanguard Group Inc. grew its holdings in shares of Omega Healthcare Investors by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock worth $1,120,478,000 after purchasing an additional 165,105 shares in the last quarter. Caxton Associates LP bought a new stake in Omega Healthcare Investors in the 2nd quarter valued at $1,652,000. Van ECK Associates Corp increased its stake in Omega Healthcare Investors by 15.4% in the third quarter. Van ECK Associates Corp now owns 100,145 shares of the real estate investment trust’s stock valued at $4,167,000 after acquiring an additional 13,367 shares during the period. Finally, Cetera Advisors LLC bought a new stake in shares of Omega Healthcare Investors in the 1st quarter valued at approximately $646,000. Institutional investors own 65.25% of the company’s stock.

Insider Transactions at Omega Healthcare Investors

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on OHI shares. Truist Financial increased their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a report on Thursday, October 31st. BMO Capital Markets lifted their price target on Omega Healthcare Investors from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, October 7th. Scotiabank increased their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada boosted their target price on shares of 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. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.00.

Omega Healthcare Investors Stock Down 1.3 %

Shares of NYSE:OHI opened at $39.51 on Tuesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 6.48 and a quick ratio of 6.48. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 1.25 and a beta of 0.99. The company has a 50 day moving average of $40.66 and a 200-day moving average of $36.74. Omega Healthcare Investors, Inc. has a one year low of $27.53 and a one year high of $44.42.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 yield of 6.78%. The ex-dividend date of this dividend was Monday, November 4th. Omega Healthcare Investors’s dividend payout ratio (DPR) 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.