Prudential Financial Inc. Sells 35,404 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Prudential Financial Inc. lowered its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 28.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & 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 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new position in Omega Healthcare Investors during the fourth quarter valued at approximately $26,000. Grove Bank & Trust bought a new position in shares of Omega Healthcare Investors during the 4th quarter valued at $30,000. Dunhill Financial LLC purchased a new position in Omega Healthcare Investors in the 3rd quarter worth $31,000. Kentucky Trust Co purchased a new position in Omega Healthcare Investors in the 4th quarter worth $38,000. Finally, UMB Bank n.a. lifted its stake in Omega Healthcare Investors by 68.6% in the fourth quarter. UMB Bank n.a. now owns 1,116 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 454 shares during the last quarter. 65.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OHI has been the topic of several analyst reports. Wells Fargo & Company downgraded Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $41.00 to $39.00 in a report on Thursday, March 27th. BMO Capital Markets raised Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research note on Monday, December 9th. JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Finally, Truist Financial upped their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $42.00.

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Omega Healthcare Investors Trading Down 3.3 %

OHI stock traded down $1.28 on Friday, reaching $37.37. The company's stock had a trading volume of 3,310,697 shares, compared to its average volume of 1,793,563. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. The business has a fifty day simple moving average of $37.18 and a two-hundred day simple moving average of $38.70. The firm has a market cap of $10.53 billion, a PE ratio of 24.11, a PEG ratio of 1.09 and a beta of 0.75. Omega Healthcare Investors, Inc. has a 12-month low of $29.66 and a 12-month high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating 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, research analysts forecast that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 7.17%. Omega Healthcare Investors's payout ratio is presently 172.90%.

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.