PFG Investments LLC Purchases 26,058 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

PFG Investments LLC raised its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 384.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,828 shares of the real estate investment trust's stock after purchasing an additional 26,058 shares during the period. PFG Investments LLC's holdings in Omega Healthcare Investors were worth $1,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peoples Bank KS bought a new stake in Omega Healthcare Investors during the 3rd quarter valued at $33,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Omega Healthcare Investors in the 4th quarter worth $31,000. NBC Securities Inc. bought a new position in shares of Omega Healthcare Investors in the 3rd quarter worth $34,000. GAMMA Investing LLC bought a new position in shares of Omega Healthcare Investors in the 4th quarter worth $35,000. Finally, WFA Asset Management Corp bought a new position in shares of Omega Healthcare Investors in the 1st quarter worth $39,000. 65.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Stock Performance

Shares of OHI traded up $0.19 during mid-day trading on Friday, reaching $31.09. The company had a trading volume of 1,563,431 shares, compared to its average volume of 1,271,690. Omega Healthcare Investors, Inc. has a 52-week low of $26.11 and a 52-week high of $34.77. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $7.68 billion, a P/E ratio of 31.40, a PEG ratio of 10.18 and a beta of 0.91. The stock has a 50 day moving average of $31.01 and a two-hundred day moving average of $31.09.

Omega Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.67 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.62%. Omega Healthcare Investors's payout ratio is 270.71%.

Analyst Ratings Changes

OHI has been the subject of several recent research reports. Wells Fargo & Company raised Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $31.00 to $35.00 in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on Omega Healthcare Investors in a research report on Tuesday, January 30th. They issued a "buy" rating and a $36.00 price target for the company. Citigroup raised Omega Healthcare Investors from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $32.00 to $35.00 in a research report on Friday, March 22nd. Mizuho reduced their price target on Omega Healthcare Investors from $35.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, January 3rd. Finally, Truist Financial upped their target price on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a "hold" rating in a research report on Tuesday, April 2nd. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.58.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.