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

Principal Financial Group Inc. grew its stake in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 647,809 shares of the real estate investment trust's stock after buying an additional 29,001 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of Omega Healthcare Investors worth $24,669,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of 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 valued at $1,440,646,000 after purchasing an additional 1,809,519 shares in the last quarter. Cohen & Steers Inc. boosted 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 purchasing an additional 8,837,218 shares in the last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 503,190 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 purchasing an additional 111,474 shares in the last quarter. Finally, Northern Trust Corp boosted 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 purchasing an additional 1,083,326 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OHI. Wells Fargo & Company cut their price objective on shares of 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 upped their price objective on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $41.88.

Omega Healthcare Investors Stock Up 0.3%

Shares of Omega Healthcare Investors stock traded up $0.11 during trading on Wednesday, hitting $36.40. The company's stock had a trading volume of 1,678,397 shares, compared to its average volume of 2,090,035. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.58 and a current ratio of 6.58. The company has a fifty day simple moving average of $36.75 and a two-hundred day simple moving average of $37.18. The company has a market capitalization of $10.53 billion, a PE ratio of 22.61, a P/E/G ratio of 2.14 and a beta of 0.68. Omega Healthcare Investors, Inc. has a 52 week low of $33.43 and a 52 week high of $44.42.

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 EPS for the quarter, meeting the consensus estimate of $0.75. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. The company had revenue of $228.38 million for the quarter, compared to the consensus estimate of $236.61 million. During the same period in the prior year, the firm posted $0.68 EPS. Omega Healthcare Investors's revenue for the quarter was up 13.8% on a year-over-year basis. Equities research analysts predict that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid 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 7.36%. Omega Healthcare Investors's dividend payout ratio is presently 166.46%.

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.