Omega Healthcare Investors, Inc. (NYSE:OHI) Stock Position Increased by PFG Advisors

Posted by Defense World Staff on Jul 8th, 2023

PFG Advisors boosted its position in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 19.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,916 shares of the real estate investment trust’s stock after purchasing an additional 1,928 shares during the quarter. PFG Advisors’ holdings in Omega Healthcare Investors were worth $327,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Kovack Advisors Inc. lifted its position in Omega Healthcare Investors by 14.4% in the 1st quarter. Kovack Advisors Inc. now owns 8,475 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 1,068 shares during the last quarter. Maryland State Retirement & Pension System raised its position in shares of Omega Healthcare Investors by 8.1% during the 1st quarter. Maryland State Retirement & Pension System now owns 18,584 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 1,400 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of Omega Healthcare Investors by 2.5% during the 1st quarter. Moody National Bank Trust Division now owns 25,213 shares of the real estate investment trust’s stock worth $691,000 after buying an additional 621 shares in the last quarter. Insight Folios Inc raised its position in shares of Omega Healthcare Investors by 6.5% during the 1st quarter. Insight Folios Inc now owns 218,991 shares of the real estate investment trust’s stock worth $6,003,000 after buying an additional 13,321 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC bought a new stake in shares of Omega Healthcare Investors during the 1st quarter worth about $34,000. 66.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of Omega Healthcare Investors in a research report on Wednesday, April 19th. They set an “overweight” rating and a $30.00 price target on the stock. Stifel Nicolaus lowered their price objective on shares of Omega Healthcare Investors from $36.00 to $33.00 in a research note on Wednesday, May 3rd. Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $29.00 to $33.00 in a research note on Wednesday, June 21st. StockNews.com raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Finally, 92 Resources reaffirmed a “maintains” rating on shares of Omega Healthcare Investors in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.56.

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock opened at $30.96 on Friday. The firm’s 50 day simple moving average is $29.79 and its 200-day simple moving average is $28.43. The company has a market cap of $7.26 billion, a P/E ratio of 26.92 and a beta of 0.99. The company has a debt-to-equity ratio of 1.43, a current ratio of 4.76 and a quick ratio of 4.76. Omega Healthcare Investors, Inc. has a fifty-two week low of $25.61 and a fifty-two week high of $33.71.

Omega Healthcare Investors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 1st were given a $0.67 dividend. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.18. This represents a $2.68 annualized dividend and a dividend yield of 8.66%. The ex-dividend date was Friday, April 28th. Omega Healthcare Investors’s dividend payout ratio (DPR) is 233.05%.

Omega Healthcare Investors Profile

(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.