Pasadena Private Wealth LLC Sells 2,338 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Pasadena Private Wealth LLC trimmed its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 20.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,247 shares of the real estate investment trust’s stock after selling 2,338 shares during the quarter. Pasadena Private Wealth LLC’s holdings in Omega Healthcare Investors were worth $350,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its stake in Omega Healthcare Investors by 5.2% during the third quarter. Creative Planning now owns 42,635 shares of the real estate investment trust’s stock worth $1,735,000 after acquiring an additional 2,104 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Omega Healthcare Investors by 5.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,043 shares of the real estate investment trust’s stock worth $1,955,000 after purchasing an additional 2,688 shares in the last quarter. Blue Trust Inc. increased its position in Omega Healthcare Investors by 438.7% during the 3rd quarter. Blue Trust Inc. now owns 1,433 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,167 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in Omega Healthcare Investors by 52.1% in the 3rd quarter. Foundations Investment Advisors LLC now owns 22,650 shares of the real estate investment trust’s stock valued at $922,000 after purchasing an additional 7,755 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in Omega Healthcare Investors by 6.3% in the third quarter. Private Advisor Group LLC now owns 27,971 shares of the real estate investment trust’s stock valued at $1,138,000 after buying an additional 1,662 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OHI shares. Mizuho increased their price target on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. BMO Capital Markets upgraded 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 report on Monday, December 9th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price objective for the company in a report on Thursday, October 31st. Finally, Royal Bank of Canada boosted their target price on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.67.

Omega Healthcare Investors Trading Down 1.0 %

NYSE OHI opened at $36.04 on Wednesday. The stock has a market capitalization of $10.16 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.10 and a beta of 0.99. The business has a 50 day simple moving average of $37.63 and a 200 day simple moving average of $39.10. 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 one year low of $29.66 and a one year high of $44.42.

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

Omega Healthcare Investors Announces Dividend

The business also recently disclosed 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 7.44%. Omega Healthcare Investors’s dividend 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.