Principal Financial Group Inc. Purchases 29,001 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

Principal Financial Group Inc. lifted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 4.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 647,809 shares of the real estate investment trust's stock after purchasing an additional 29,001 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Omega Healthcare Investors worth $24,669,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Omega Healthcare Investors by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock worth $1,440,646,000 after acquiring an additional 1,809,519 shares in the last quarter. Cohen & Steers Inc. grew its stake in shares of Omega Healthcare Investors by 50.8% in the 4th quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock valued at $992,467,000 after buying an additional 8,837,218 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Omega Healthcare Investors by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock valued at $262,329,000 after buying an additional 503,190 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Omega Healthcare Investors by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,892,553 shares of the real estate investment trust's stock valued at $147,331,000 after buying an additional 111,474 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Omega Healthcare Investors by 49.4% in the 4th quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust's stock valued at $123,951,000 after buying an additional 1,083,326 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company's stock.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI traded up $0.85 during trading on Friday, hitting $37.50. 3,532,625 shares of the stock were exchanged, compared to its average volume of 2,110,000. Omega Healthcare Investors, Inc. has a 1-year low of $34.17 and a 1-year high of $44.42. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.51 and a beta of 0.68. The company's fifty day simple moving average is $36.66 and its 200-day simple moving average is $37.17. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58.

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

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.15%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's dividend payout ratio is 166.46%.

Wall Street Analysts Forecast Growth

OHI has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Truist Financial raised their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $41.88.

Omega Healthcare Investors Company 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.