Prudential Financial Inc. Acquires 59,941 Shares of Omega Healthcare Investors, Inc. $OHI

Prudential Financial Inc. increased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 51.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 177,364 shares of the real estate investment trust’s stock after purchasing an additional 59,941 shares during the period. Prudential Financial Inc.’s holdings in Omega Healthcare Investors were worth $7,035,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of OHI. Mutual of America Capital Management LLC boosted its holdings in shares of Omega Healthcare Investors by 1.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 145,057 shares of the real estate investment trust’s stock valued at $5,524,000 after acquiring an additional 2,460 shares during the last quarter. LPL Financial LLC lifted its position in Omega Healthcare Investors by 5.2% during the first quarter. LPL Financial LLC now owns 506,080 shares of the real estate investment trust’s stock valued at $19,272,000 after purchasing an additional 25,199 shares during the period. Federated Hermes Inc. boosted its holdings in Omega Healthcare Investors by 2.8% in the first quarter. Federated Hermes Inc. now owns 23,200 shares of the real estate investment trust’s stock worth $883,000 after purchasing an additional 635 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in Omega Healthcare Investors in the 1st quarter worth approximately $342,000. Finally, Natixis Advisors LLC raised its stake in Omega Healthcare Investors by 10.3% during the 1st quarter. Natixis Advisors LLC now owns 38,327 shares of the real estate investment trust’s stock valued at $1,459,000 after buying an additional 3,591 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Up 0.2%

NYSE OHI opened at $45.89 on Friday. Omega Healthcare Investors, Inc. has a 52 week low of $35.04 and a 52 week high of $46.16. 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 company has a market capitalization of $13.56 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.85 and a beta of 0.69. The stock’s 50-day moving average price is $42.20 and its 200-day moving average price is $40.08.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share (EPS) 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 the consensus estimate of $262.48 million. During the same period in the previous year, the company posted $0.71 EPS. The firm’s revenue 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. On average, equities research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

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

Insider Buying and Selling at Omega Healthcare Investors

In other news, CIO Vikas Gupta bought 11,500 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average price of $42.97 per share, for a total transaction of $494,155.00. Following the purchase, the executive owned 13,773 shares in the company, valued at $591,825.81. This represents a 505.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO C Taylor Pickett bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was purchased at an average cost of $43.14 per share, with a total value of $862,800.00. Following the acquisition, the chief executive officer directly owned 20,000 shares in the company, valued at $862,800. This trade represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Omega Healthcare Investors in a research note on Wednesday, October 8th. Mizuho raised their target price on Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. UBS Group initiated coverage on Omega Healthcare Investors in a research note on Tuesday, November 18th. They set a “buy” rating and a $50.00 price target for the company. Cantor Fitzgerald started coverage on shares of Omega Healthcare Investors in a research report on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price target for the company. Finally, Raymond James Financial reissued an “outperform” rating on shares of Omega Healthcare Investors in a report on Tuesday, September 2nd. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.22.

Omega Healthcare Investors Profile

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.