Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 27.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 596,404 shares of the real estate investment trust’s stock after selling 226,421 shares during the quarter. Principal Financial Group Inc. owned approximately 0.22% of Omega Healthcare Investors worth $24,274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Omega Healthcare Investors by 12.0% during the third quarter. Allworth Financial LP now owns 2,276 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 244 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Omega Healthcare Investors by 29.4% during the third quarter. Venturi Wealth Management LLC now owns 1,259 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 286 shares in the last quarter. Cutter & CO Brokerage Inc. raised its position in shares of Omega Healthcare Investors by 3.7% in the second quarter. Cutter & CO Brokerage Inc. now owns 8,206 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 290 shares during the last quarter. NCP Inc. lifted its stake in shares of Omega Healthcare Investors by 10.3% in the second quarter. NCP Inc. now owns 3,310 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 310 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in Omega Healthcare Investors by 49.5% during the third quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Up 0.7 %

Shares of OHI opened at $38.19 on Thursday. The firm has a market cap of $10.31 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.10. The company’s fifty day moving average is $40.17 and its two-hundred day moving average is $38.26. Omega Healthcare Investors, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $44.42.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, November 4th. This represents a $2.68 annualized dividend and a dividend yield of 7.02%. Omega Healthcare Investors’s payout ratio is 197.06%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Berenberg Bank began coverage on Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 target price for the company. Mizuho lifted their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Wells Fargo & Company reissued an “overweight” rating and issued a $43.00 price target (up previously from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Royal Bank of Canada upped their price target on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Finally, Truist Financial increased their target price on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.18.

Insider Buying and Selling

In other Omega Healthcare Investors news, COO Daniel J. Booth sold 56,725 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $40.25, for a total value of $2,283,181.25. Following the completion of the sale, the chief operating officer now owns 100,000 shares of the company’s stock, valued at $4,025,000. This trade represents a 36.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert O. Stephenson sold 22,542 shares of Omega Healthcare Investors stock in a transaction on Friday, September 27th. The stock was sold at an average price of $40.19, for a total transaction of $905,962.98. Following the sale, the chief financial officer now directly owns 183,076 shares in the company, valued at $7,357,824.44. This trade represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. 1.37% of the stock is owned by corporate insiders.

Omega Healthcare Investors Profile

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.