PFG Investments LLC Has $2.70 Million Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

PFG Investments LLC boosted its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 20.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,762 shares of the real estate investment trust's stock after purchasing an additional 11,970 shares during the period. PFG Investments LLC's holdings in Omega Healthcare Investors were worth $2,695,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Omega Healthcare Investors by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock worth $1,440,646,000 after buying an additional 1,809,519 shares during the last quarter. Cohen & Steers Inc. increased its position in Omega Healthcare Investors by 50.8% during the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock worth $992,467,000 after acquiring an additional 8,837,218 shares during the period. Geode Capital Management LLC increased its holdings in shares of Omega Healthcare Investors by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock worth $262,329,000 after purchasing an additional 503,190 shares during the period. Daiwa Securities Group Inc. increased its stake in Omega Healthcare Investors by 22.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock valued at $183,205,000 after acquiring an additional 890,912 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Omega Healthcare Investors by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,986,226 shares of the real estate investment trust's stock valued at $150,879,000 after purchasing an additional 155,924 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on OHI shares. Truist Financial lifted their target price on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. Wells Fargo & Company decreased their price objective on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Omega Healthcare Investors has an average rating of "Hold" and an average price target of $41.88.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI traded down $0.19 during trading on Tuesday, reaching $37.11. The stock had a trading volume of 2,342,967 shares, compared to its average volume of 2,065,520. The stock has a market capitalization of $10.74 billion, a PE ratio of 23.05, a P/E/G ratio of 2.17 and a beta of 0.69. Omega Healthcare Investors, Inc. has a 52 week low of $32.92 and a 52 week high of $44.42. The business's 50-day moving average price is $37.09 and its 200 day moving average price is $37.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 6.58 and a quick ratio of 6.58.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. The company had revenue of $228.38 million during the quarter, compared to analyst estimates of $236.61 million. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. As a group, equities analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.22%. The ex-dividend date was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio is 166.46%.

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.