Prasad Wealth Partners LLC Purchases Shares of 5,842 Omega Healthcare Investors, Inc. (NYSE:OHI)

Prasad Wealth Partners LLC acquired a new position in Omega Healthcare Investors, Inc. (NYSE:OHI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,842 shares of the real estate investment trust’s stock, valued at approximately $221,000.

A number of other hedge funds have also made changes to their positions in the business. Stonebridge Financial Group LLC purchased a new stake in Omega Healthcare Investors during the 4th quarter worth $26,000. Grove Bank & Trust acquired a new position in shares of Omega Healthcare Investors during the fourth quarter worth about $30,000. True Wealth Design LLC purchased a new stake in shares of Omega Healthcare Investors in the third quarter worth about $31,000. Dunhill Financial LLC acquired a new stake in shares of Omega Healthcare Investors in the third quarter valued at about $31,000. Finally, Kentucky Trust Co purchased a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Price Performance

OHI opened at $35.92 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current 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 company has a 50-day moving average of $37.38 and a 200-day moving average of $39.06. The company has a market capitalization 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 announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. Equities analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.46%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 172.90%.

Analyst Upgrades and Downgrades

OHI has been the subject of a number of analyst reports. BNP Paribas upgraded 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. 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 research note on Monday, November 11th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. BMO Capital Markets raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Monday, December 9th. Finally, Mizuho raised their target price 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. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.67.

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.