Pacer Advisors Inc. Lowers Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Pacer Advisors Inc. lowered its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 33.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 39,430 shares of the real estate investment trust’s stock after selling 19,798 shares during the quarter. Pacer Advisors Inc.’s holdings in Omega Healthcare Investors were worth $1,492,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of OHI. UMB Bank n.a. grew its holdings in shares of Omega Healthcare Investors by 353.4% during the 3rd quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 516 shares during the period. Grove Bank & Trust purchased a new stake in shares of Omega Healthcare Investors during the 4th quarter worth about $30,000. True Wealth Design LLC purchased a new stake in shares of Omega Healthcare Investors during the 3rd quarter worth about $31,000. Dunhill Financial LLC purchased a new stake in shares of Omega Healthcare Investors during the 3rd quarter worth about $31,000. Finally, DiNuzzo Private Wealth Inc. purchased a new stake in shares of Omega Healthcare Investors during the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $37.05 on Friday. The business’s 50 day moving average is $38.26 and its two-hundred day moving average is $39.00. 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 $10.00 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.06 and a beta of 0.99. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date is Monday, February 10th. Omega Healthcare Investors’s payout ratio is 197.06%.

Wall Street Analysts Forecast Growth

OHI has been the subject of a number of research reports. Berenberg Bank initiated coverage on Omega Healthcare Investors in a report on Friday, October 18th. They set a “buy” rating and a $45.00 target price for the company. BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Monday, December 9th. BNP Paribas raised Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Thursday, October 31st. Royal Bank of Canada boosted their price target on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Finally, Mizuho boosted their price target on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.67.

About Omega Healthcare Investors

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.