Prasad Wealth Partners LLC Takes Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Prasad Wealth Partners LLC purchased a new position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,842 shares of the real estate investment trust’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also made changes to their positions in OHI. Daiwa Securities Group Inc. increased its holdings in Omega Healthcare Investors by 317.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,949,368 shares of the real estate investment trust’s stock valued at $160,739,000 after acquiring an additional 3,003,845 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Omega Healthcare Investors by 328.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,661,964 shares of the real estate investment trust’s stock valued at $67,642,000 after purchasing an additional 1,274,238 shares during the last quarter. FMR LLC increased its stake in shares of Omega Healthcare Investors by 9.9% during the 3rd quarter. FMR LLC now owns 4,216,835 shares of the real estate investment trust’s stock worth $171,625,000 after purchasing an additional 380,626 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Omega Healthcare Investors by 441.4% during the 3rd quarter. Franklin Resources Inc. now owns 429,993 shares of the real estate investment trust’s stock worth $17,177,000 after purchasing an additional 350,570 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. lifted its stake in Omega Healthcare Investors by 115.9% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 34,982 shares of the real estate investment trust’s stock valued at $1,424,000 after buying an additional 254,471 shares in the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on OHI. Mizuho boosted their price target on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Monday, December 9th. Royal Bank of Canada upped 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 price target for the company in a report on Thursday, October 31st. Finally, JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.67.

Omega Healthcare Investors Trading Up 0.6 %

Shares of OHI stock opened at $35.92 on Tuesday. The firm’s 50-day simple moving average is $37.38 and its 200-day simple moving average is $39.06. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. 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 $10.12 billion, a P/E ratio of 23.18, a PEG ratio of 1.09 and a beta of 0.99.

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 analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. As a group, equities analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.46%. The ex-dividend date 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.