Waterfront Capital Partners LLC Sells 293,572 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Waterfront Capital Partners LLC decreased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 35.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 532,722 shares of the real estate investment trust’s stock after selling 293,572 shares during the quarter. Omega Healthcare Investors makes up 3.0% of Waterfront Capital Partners LLC’s investment portfolio, making the stock its 12th biggest holding. Waterfront Capital Partners LLC owned approximately 0.20% of Omega Healthcare Investors worth $21,682,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of OHI. Versant Capital Management Inc bought a new stake in shares of Omega Healthcare Investors in the second quarter worth $26,000. UMB Bank n.a. lifted its holdings 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. DiNuzzo Private Wealth Inc. acquired a new position in Omega Healthcare Investors in the third quarter valued at $33,000. V Square Quantitative Management LLC lifted its holdings in Omega Healthcare Investors by 49.5% in 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 buying an additional 323 shares during the period. Finally, Truvestments Capital LLC acquired a new position in Omega Healthcare Investors in the third quarter valued at $43,000. Institutional investors own 65.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OHI shares. Royal Bank of Canada boosted their target price on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. BNP Paribas upgraded shares of 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. Truist Financial upped their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. Berenberg Bank began coverage on shares of Omega Healthcare Investors in a report on Friday, October 18th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, BMO Capital Markets upped their price objective on shares of Omega Healthcare Investors from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.00.

Insiders Place Their Bets

In other news, COO Daniel J. Booth sold 56,725 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at $4,025,000. This represents a 36.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert O. Stephenson sold 22,542 shares of the firm’s stock in a transaction that occurred on 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 approximately $7,357,824.44. This trade represents a 10.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Omega Healthcare Investors Trading Down 0.2 %

OHI opened at $40.67 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 6.48 and a quick ratio of 6.48. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $44.42. The firm has a market capitalization of $10.98 billion, a PE ratio of 29.90, a P/E/G ratio of 1.27 and a beta of 0.99. The company’s 50-day moving average is $40.61 and its 200 day moving average is $37.24.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date of this dividend was Monday, November 4th. Omega Healthcare Investors’s payout ratio is 197.06%.

About Omega Healthcare Investors

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.