PFG Advisors Has $252,000 Stock Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

PFG Advisors lowered its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHIFree Report) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,223 shares of the real estate investment trust’s stock after selling 900 shares during the quarter. PFG Advisors’ holdings in Omega Healthcare Investors were worth $252,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OHI. Qube Research & Technologies Ltd acquired a new position in Omega Healthcare Investors during the 3rd quarter worth approximately $25,000. Resurgent Financial Advisors LLC acquired a new position in Omega Healthcare Investors during the 4th quarter worth approximately $27,000. Point72 Asset Management L.P. acquired a new stake in shares of Omega Healthcare Investors in the 2nd quarter valued at approximately $32,000. Peoples Bank KS acquired a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at approximately $33,000. Finally, NBC Securities Inc. acquired a new stake in shares of Omega Healthcare Investors in the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Up 0.5 %

OHI stock opened at $31.25 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 6.76 and a quick ratio of 6.76. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 10.48 and a beta of 0.91. The business’s fifty day moving average price is $30.59 and its two-hundred day moving average price is $31.39. Omega Healthcare Investors, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $34.77.

Omega Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were given a dividend of $0.67 per share. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 2nd. This represents a $2.68 annualized dividend and a yield of 8.58%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 270.71%.

Wall Street Analyst Weigh In

OHI has been the subject of several recent analyst reports. Bank of America downgraded Omega Healthcare Investors from a “buy” rating to a “neutral” rating and cut their price objective for the company from $33.00 to $31.00 in a report on Tuesday, January 16th. Mizuho cut their price objective on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd. Truist Financial increased their price objective on Omega Healthcare Investors from $31.00 to $32.00 and gave the company a “hold” rating in a report on Tuesday. Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and increased their price objective for the company from $32.00 to $35.00 in a report on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Omega Healthcare Investors in a research note on Tuesday, January 30th. They issued a “buy” rating and a $36.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.58.

Get Our Latest Analysis on Omega Healthcare Investors

About Omega Healthcare Investors

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Omega Healthcare Investors (NYSE:OHI)

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