Prudential Financial Inc. Has $3.49 Million Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Prudential Financial Inc. decreased its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 28.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,408 shares of the real estate investment trust’s stock after selling 35,404 shares during the period. Prudential Financial Inc.’s holdings in Omega Healthcare Investors were worth $3,494,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in OHI. Stonebridge Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors in the 4th quarter worth about $26,000. Dunhill Financial LLC purchased a new stake in shares of Omega Healthcare Investors in the third quarter worth approximately $31,000. Grove Bank & Trust bought a new position in shares of Omega Healthcare Investors in the fourth quarter valued at approximately $30,000. Kentucky Trust Co purchased a new position in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $38,000. Finally, UMB Bank n.a. grew its holdings in Omega Healthcare Investors by 68.6% during the fourth quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 454 shares in the last quarter. 65.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wells Fargo & Company downgraded shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $41.00 to $39.00 in a report on Thursday, March 27th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Mizuho lifted 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. Truist Financial upped their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, March 18th. Finally, BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Omega Healthcare Investors has an average rating of “Hold” and a consensus price target of $42.00.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $38.06 on Wednesday. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. The stock has a fifty day simple moving average of $37.13 and a two-hundred day simple moving average of $38.76. Omega Healthcare Investors, Inc. has a 1-year low of $29.66 and a 1-year high of $44.42. The firm has a market cap of $10.73 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. Analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s payout ratio is currently 172.90%.

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.