PNC Financial Services Group Inc. Purchases 1,137 Shares of Omega Healthcare Investors, Inc. (NYSE:OHI)

PNC Financial Services Group Inc. lifted its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 12.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,593 shares of the real estate investment trust’s stock after purchasing an additional 1,137 shares during the period. PNC Financial Services Group Inc.’s holdings in Omega Healthcare Investors were worth $401,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in Omega Healthcare Investors during the 4th quarter worth $26,000. Dunhill Financial LLC acquired a new position in shares of Omega Healthcare Investors during the third quarter worth about $31,000. True Wealth Design LLC acquired a new stake in shares of Omega Healthcare Investors in the third quarter valued at approximately $31,000. Grove Bank & Trust acquired a new position in shares of Omega Healthcare Investors during the 4th quarter worth about $30,000. Finally, Kentucky Trust Co acquired a new position in shares of Omega Healthcare Investors during the 4th quarter worth approximately $38,000. 65.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on OHI shares. BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Monday, December 9th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Mizuho boosted their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Truist Financial boosted their price objective on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Wells Fargo & Company cut their price target on shares of Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.44.

Omega Healthcare Investors Stock Down 0.6 %

Shares of NYSE OHI opened at $37.61 on Friday. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.09 and a beta of 1.00. Omega Healthcare Investors, Inc. has a 52 week low of $29.66 and a 52 week high of $44.42. The firm’s fifty day moving average is $37.07 and its 200 day moving average is $38.90.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. On average, equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date was Monday, February 10th. Omega Healthcare Investors’s payout ratio is 172.90%.

Omega Healthcare Investors 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.