Prospera Financial Services Inc sells 59,162 shares of Omega Healthcare Investors, Inc. (NYSE: OHI)


Prospera Financial Services Inc reduced its stake in the shares of Omega Healthcare Investors, Inc. (NYSE: IHOGet a rating) by 97.2% during the 1st quarter, according to the company in its most recent Form 13F filed with the Securities and Exchange Commission (SEC). The fund held 1,710 shares of the real estate investment trust after selling 59,162 shares during the period. Prospera Financial Services Inc’s holdings in Omega Healthcare Investors were worth $53,000 when it last filed with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently changed their holdings in the company. Victory Capital Management Inc. increased its holdings of Omega Healthcare Investors shares by 45.0% in the first quarter. Victory Capital Management Inc. now owns 63,580 shares of the real estate investment trust worth $1,620,000 after purchasing an additional 19,724 shares last quarter. Commonwealth Equity Services LLC increased its holdings of Omega Healthcare Investors shares by 4.9% in the first quarter. Commonwealth Equity Services LLC now owns 416,308 shares of the real estate investment trust worth $12,972,000 after buying an additional 19,325 shares last quarter. Envestnet Asset Management Inc. increased its holdings of Omega Healthcare Investors shares by 20.1% in the first quarter. Envestnet Asset Management Inc. now owns 120,545 shares of the real estate investment trust worth $3,756,000 after buying an additional 20,142 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new stock position from Omega Healthcare Investors in the first quarter worth $214,000. Finally, New Jersey State Joint Pension Fund D increased its holdings of Omega Healthcare Investors shares by 5.2% in the first quarter. New Jersey State Joint Pension Fund D now owns 125,599 shares of the REIT worth $3,914,000 after buying 6,250 more shares last quarter. 65.91% of the shares are held by hedge funds and other institutional investors.

Omega Healthcare investors up 0.9%

Shares of IHO opened at $33.18 on Wednesday. The company has a market capitalization of $7.77 billion, a P/E ratio of 17.56, a P/E/G ratio of 6.75 and a beta of 1.00. Omega Healthcare Investors, Inc. has a 12-month low of $24.81 and a 12-month high of $35.31. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt ratio of 1.35. The company has a fifty-day moving average price of $29.72 and a 200-day moving average price of $29.07.

Omega Health Investors (NYSE: IHOGet a rating) last released its quarterly earnings data on Monday, August 1. The real estate investment trust reported earnings per share of $0.38 for the quarter, missing the consensus estimate of $0.73 per ($0.35). The company posted revenue of $207.54 million in the quarter, versus a consensus estimate of $220.06 million. Omega Healthcare Investors posted a net margin of 44.01% and a return on equity of 11.00%. The company’s revenue fell 4.8% from the same quarter last year. In the same quarter of the previous year, the company made earnings per share of $0.85. Equity research analysts expect Omega Healthcare Investors, Inc. to post earnings per share of 2.93 for the current year.

Dividend announcement to Omega Healthcare investors

The company also recently announced a quarterly dividend, which will be paid on Monday, August 15. Investors of record on Monday August 1 will receive a dividend of $0.67. The ex-dividend date is Friday, July 29. This represents an annualized dividend of $2.68 and a dividend yield of 8.08%. Omega Healthcare Investors’ payout ratio is currently 141.80%.

Wall Street analysts predict growth

A number of research companies have weighed in on OHI recently. Raymond James raised his price target on Omega Healthcare Investors shares from $33.00 to $34.00 and gave the company an “outperform” rating in a Wednesday, Aug. 3 report. Bank of America moved shares of Omega Healthcare Investors from an “underperform” rating to a “buy” rating and raised its price target for the stock from $27.00 to 35, $00 in a research note from Friday, August 5. Barclays assumed coverage for Omega Healthcare Investors shares in a Tuesday, April 26 research note. They set an “equal weight” rating and a price target of $29.00 for the company. Jefferies Financial Group downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and lowered its price target for the stock from $32.00 to $28.00 in a rating of search for Thursday, June 30. Finally, Truist Financial lowered its price target on Omega Healthcare Investors shares from $33.00 to $30.00 and set a “holding” rating for the company in a Tuesday, June 14 research note. Eight research analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $32.00.

About Omega Healthcare Investors

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Omega is a real estate investment firm that invests in the long-term healthcare sector, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, primarily in a triple net lease structure. Assets cover all regions of the United States, as well as the United Kingdom.

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Institutional Ownership by Quarter for Investors Omega Healthcare (NYSE: OHI)



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Robert D. Coleman