Prudential Financial Inc. Grows Stake in Omega Healthcare Investors, Inc. $OHI

Prudential Financial Inc. raised its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 51.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 177,364 shares of the real estate investment trust’s stock after buying an additional 59,941 shares during the quarter. Prudential Financial Inc. owned about 0.06% of Omega Healthcare Investors worth $7,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Omega Healthcare Investors by 3.1% in the second quarter. Vanguard Group Inc. now owns 40,765,481 shares of the real estate investment trust’s stock worth $1,494,055,000 after acquiring an additional 1,210,595 shares during the period. Geode Capital Management LLC raised its holdings in Omega Healthcare Investors by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 7,377,761 shares of the real estate investment trust’s stock worth $270,426,000 after purchasing an additional 326,595 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Omega Healthcare Investors by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,201,353 shares of the real estate investment trust’s stock worth $153,980,000 after purchasing an additional 100,462 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Omega Healthcare Investors by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,058,107 shares of the real estate investment trust’s stock worth $154,533,000 after purchasing an additional 165,554 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Omega Healthcare Investors by 12.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,522,082 shares of the real estate investment trust’s stock valued at $129,084,000 after purchasing an additional 398,930 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OHI. Citigroup reissued a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Omega Healthcare Investors in a research note on Wednesday, November 12th. Truist Financial upped their target price on Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Scotiabank increased their target price on Omega Healthcare Investors from $42.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Mizuho raised their target price on Omega Healthcare Investors from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Finally, Wells Fargo & Company lifted their price target on Omega Healthcare Investors from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Omega Healthcare Investors has a consensus rating of “Moderate Buy” and a consensus target price of $46.22.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $45.89 on Friday. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average price is $42.20 and its 200-day moving average price is $40.08. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $46.16. The stock has a market cap of $13.56 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.85 and a beta of 0.69.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Omega Healthcare Investors had a return on equity of 9.78% and a net margin of 42.23%.The company had revenue of $311.59 million during the quarter, compared to analyst estimates of $262.48 million. During the same quarter last year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. Equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, November 3rd. Omega Healthcare Investors’s payout ratio is currently 149.72%.

Insider Transactions at Omega Healthcare Investors

In other news, CIO Vikas Gupta bought 11,500 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was acquired at an average cost of $42.97 per share, with a total value of $494,155.00. Following the completion of the acquisition, the executive owned 13,773 shares of the company’s stock, valued at approximately $591,825.81. This represents a 505.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Taylor Pickett bought 20,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was purchased at an average price of $43.14 per share, for a total transaction of $862,800.00. Following the purchase, the chief executive officer owned 20,000 shares of the company’s stock, valued at approximately $862,800. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.50% of the company’s stock.

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.