Pasadena Private Wealth LLC Has $350,000 Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Pasadena Private Wealth LLC decreased its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,247 shares of the real estate investment trust’s stock after selling 2,338 shares during the period. Pasadena Private Wealth LLC’s holdings in Omega Healthcare Investors were worth $350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Plan Group Financial LLC grew its stake in Omega Healthcare Investors by 12.3% in the fourth quarter. Plan Group Financial LLC now owns 25,996 shares of the real estate investment trust’s stock valued at $984,000 after purchasing an additional 2,838 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Omega Healthcare Investors by 1.6% in the 4th quarter. New York State Common Retirement Fund now owns 190,782 shares of the real estate investment trust’s stock valued at $7,221,000 after buying an additional 3,000 shares during the last quarter. Kestra Investment Management LLC grew its stake in shares of Omega Healthcare Investors by 47.3% in the fourth quarter. Kestra Investment Management LLC now owns 24,972 shares of the real estate investment trust’s stock valued at $945,000 after buying an additional 8,021 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in Omega Healthcare Investors by 15.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 62,053 shares of the real estate investment trust’s stock worth $2,349,000 after buying an additional 8,416 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Omega Healthcare Investors by 55.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,960 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 701 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OHI shares. Royal Bank of Canada lifted their price objective on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Monday, December 9th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Mizuho lifted their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Omega Healthcare Investors presently has a consensus rating of “Moderate Buy” and an average target price of $41.67.

Omega Healthcare Investors Stock Performance

Shares of NYSE OHI opened at $36.04 on Wednesday. Omega Healthcare Investors, Inc. has a one year low of $29.66 and a one year high of $44.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 7.07 and a quick ratio of 7.07. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.10 and a beta of 0.99. The stock’s fifty day moving average price is $37.63 and its two-hundred day moving average price is $39.10.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping 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%. On average, equities 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. Investors of record on Monday, February 10th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 7.44%. The ex-dividend date was Monday, February 10th. 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.