Principal Financial Group Inc. Increases Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Principal Financial Group Inc. raised its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 4.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 647,809 shares of the real estate investment trust's stock after purchasing an additional 29,001 shares during the period. Principal Financial Group Inc. owned 0.23% of Omega Healthcare Investors worth $24,669,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. NBC Securities Inc. bought a new position in shares of Omega Healthcare Investors during the 1st quarter valued at approximately $29,000. Loomis Sayles & Co. L P boosted its position in shares of Omega Healthcare Investors by 27.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 319 shares during the period. Dunhill Financial LLC increased its stake in shares of Omega Healthcare Investors by 97.9% in the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 750 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of Omega Healthcare Investors by 177.3% during the 4th quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 1,009 shares during the period. Finally, Park Square Financial Group LLC purchased a new position in shares of Omega Healthcare Investors during the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Price Performance

Shares of NYSE:OHI traded up $0.85 during mid-day trading on Friday, reaching $37.50. The stock had a trading volume of 3,535,181 shares, compared to its average volume of 2,114,391. The business's 50 day moving average price is $36.67 and its 200 day moving average price is $37.16. Omega Healthcare Investors, Inc. has a 1 year low of $34.63 and a 1 year high of $44.42. The company has a market cap of $10.85 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 2.59 and a beta of 0.68. The company has a current ratio of 6.58, a quick ratio of 6.58 and a debt-to-equity ratio of 0.90.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) 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 business had revenue of $228.38 million for the quarter, compared to analysts' expectations of $236.61 million. During the same period in the prior year, the firm earned $0.68 EPS. The company's revenue for the quarter was up 13.8% on a year-over-year basis. Research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.15%. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 166.46%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company cut their price target on Omega Healthcare Investors from $39.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Truist Financial increased their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $41.88.

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.