Omega Healthcare Investors, Inc. (NYSE:OHI) Stake Lessened by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 10.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 822,825 shares of the real estate investment trust’s stock after selling 100,942 shares during the period. Principal Financial Group Inc. owned 0.33% of Omega Healthcare Investors worth $28,182,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Omega Healthcare Investors by 0.5% during the first quarter. Vanguard Group Inc. now owns 35,379,787 shares of the real estate investment trust’s stock valued at $1,120,478,000 after buying an additional 165,105 shares in the last quarter. Centersquare Investment Management LLC raised its position in shares of Omega Healthcare Investors by 36.6% during the 4th quarter. Centersquare Investment Management LLC now owns 3,585,255 shares of the real estate investment trust’s stock valued at $109,924,000 after acquiring an additional 960,997 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Omega Healthcare Investors by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,501,495 shares of the real estate investment trust’s stock worth $107,358,000 after purchasing an additional 40,999 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Omega Healthcare Investors by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 3,240,025 shares of the real estate investment trust’s stock worth $110,971,000 after purchasing an additional 143,521 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Omega Healthcare Investors by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,948,554 shares of the real estate investment trust’s stock worth $90,403,000 after purchasing an additional 124,483 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OHI shares. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday, May 6th. Scotiabank increased their price target on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Mizuho lowered Omega Healthcare Investors from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $35.00 in a research report on Thursday, July 25th. Truist Financial increased their target price on Omega Healthcare Investors from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors to a “strong-buy” rating in a research note on Friday, June 14th. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.17.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock opened at $39.54 on Monday. Omega Healthcare Investors, Inc. has a 52 week low of $27.53 and a 52 week high of $39.69. The company has a current ratio of 5.79, a quick ratio of 5.79 and a debt-to-equity ratio of 1.19. The stock has a market cap of $9.77 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 1.39 and a beta of 0.97. The company’s 50-day moving average price is $36.30 and its two-hundred day moving average price is $33.03.

Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.20). The business had revenue of $252.70 million during the quarter, compared to the consensus estimate of $205.92 million. Omega Healthcare Investors had a return on equity of 8.61% and a net margin of 33.52%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 earnings per share. As a group, sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.81 EPS for the current fiscal year.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.78%. The ex-dividend date was Monday, August 5th. Omega Healthcare Investors’s dividend payout ratio is presently 241.44%.

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.