Principal Financial Group Inc. Grows Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Principal Financial Group Inc. increased its position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 4.7% in the 1st quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OHI. Proficio Capital Partners LLC purchased a new stake in Omega Healthcare Investors during the 4th quarter valued at approximately $443,000. US Bancorp DE raised its stake in Omega Healthcare Investors by 1.9% during the 4th quarter. US Bancorp DE now owns 16,173 shares of the real estate investment trust's stock valued at $612,000 after acquiring an additional 309 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Omega Healthcare Investors by 60.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,578 shares of the real estate investment trust's stock valued at $363,000 after acquiring an additional 3,624 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in Omega Healthcare Investors by 52.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,429 shares of the real estate investment trust's stock valued at $206,000 after acquiring an additional 1,878 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Omega Healthcare Investors by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 50,489 shares of the real estate investment trust's stock valued at $1,911,000 after acquiring an additional 457 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wells Fargo & Company reduced their price objective 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 upped 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $41.88.

Omega Healthcare Investors Stock Performance

Shares of OHI stock traded down $0.40 during trading hours on Thursday, reaching $35.98. 1,392,872 shares of the company's stock were exchanged, compared to its average volume of 2,091,115. The company has a market cap of $10.41 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 2.50 and a beta of 0.68. The company's 50 day moving average is $36.70 and its two-hundred day moving average is $37.17. Omega Healthcare Investors, Inc. has a 1 year low of $33.43 and a 1 year high of $44.42. 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 issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.75. The business had revenue of $228.38 million during the quarter, compared to the consensus estimate of $236.61 million. Omega Healthcare Investors had a return on equity of 9.98% and a net margin of 41.29%. The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 EPS. Equities research analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed 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 7.45%. The ex-dividend date of this dividend was Monday, May 5th. Omega Healthcare Investors's payout ratio is currently 166.46%.

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.