Pensionfund PDN Buys Shares of 46,300 Omega Healthcare Investors, Inc. $OHI

Key Points

• Pensionfund PDN acquired a new stake of 46,300 shares (~$2.05M) in Omega Healthcare Investors, making the position 1.4% of PDN's portfolio and its 20th-largest holding, while institutional investors own 65.25% of OHI.
• Omega Healthcare pays a quarterly dividend of $0.67 (annualized $2.68) for a 6.0% yield138.86%, suggesting distributions exceed reported earnings.
• Analysts' consensus is a Moderate Buy with a consensus price target of $47.82; notable coverage includes Goldman Sachs initiating with a "buy" and a $54 target.

Pensionfund PDN acquired a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,300 shares of the real estate investment trust's stock, valued at approximately $2,053,000. Omega Healthcare Investors comprises 1.4% of Pensionfund PDN's portfolio, making the stock its 20th biggest holding.

Other institutional investors also recently bought and sold shares of the company. RF&L Wealth Management LLC grew its stake in shares of Omega Healthcare Investors by 2.0% during the 4th quarter. RF&L Wealth Management LLC now owns 30,796 shares of the real estate investment trust's stock valued at $1,365,000 after purchasing an additional 601 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Omega Healthcare Investors by 171.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 244,958 shares of the real estate investment trust's stock worth $10,876,000 after purchasing an additional 154,678 shares during the period. NorthCrest Asset Manangement LLC purchased a new position in shares of Omega Healthcare Investors in the fourth quarter worth approximately $351,000. Gryphon Financial Partners LLC purchased a new position in shares of Omega Healthcare Investors in the fourth quarter worth approximately $295,000. Finally, Aventura Private Wealth LLC bought a new stake in Omega Healthcare Investors during the fourth quarter valued at approximately $196,000. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Up 0.1%

Shares of OHI opened at $44.84 on Tuesday. The business's 50 day moving average is $45.97 and its 200 day moving average is $44.08. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.78. Omega Healthcare Investors, Inc. has a 12-month low of $35.04 and a 12-month high of $49.14. The company has a market capitalization of $13.25 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.54.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, February 9th. Omega Healthcare Investors's dividend payout ratio is 138.86%.

Analysts Set New Price Targets

OHI has been the topic of several recent research reports. Jefferies Financial Group reiterated a "hold" rating and issued a $45.00 price target on shares of Omega Healthcare Investors in a research report on Monday, December 15th. Scotiabank boosted their price objective on shares of Omega Healthcare Investors from $45.00 to $48.00 and gave the company a "sector perform" rating in a research report on Monday, March 2nd. BMO Capital Markets lowered Omega Healthcare Investors from an "outperform" rating to a "market perform" rating and set a $45.00 price objective for the company. in a research note on Friday, January 9th. The Goldman Sachs Group assumed coverage on Omega Healthcare Investors in a report on Friday, January 9th. They issued a "buy" rating and a $54.00 target price on the stock. Finally, Royal Bank Of Canada lifted their target price on Omega Healthcare Investors from $44.00 to $47.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.82.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company's core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.

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