Omega Healthcare Investors, Inc. (NYSE:OHI) Position Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 27.5% in the third quarter, Holdings Channel reports. 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.’s holdings in Omega Healthcare Investors were worth $24,274,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its holdings in shares of Omega Healthcare Investors by 2.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,450 shares of the real estate investment trust’s stock valued at $1,544,000 after acquiring an additional 934 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new stake in Omega Healthcare Investors during the third quarter valued at $228,000. Retirement Systems of Alabama raised its holdings in shares of Omega Healthcare Investors by 2.7% during the third quarter. Retirement Systems of Alabama now owns 313,212 shares of the real estate investment trust’s stock worth $12,748,000 after purchasing an additional 8,231 shares during the period. Franklin Resources Inc. lifted its position in shares of Omega Healthcare Investors by 441.4% in the 3rd quarter. Franklin Resources Inc. now owns 429,993 shares of the real estate investment trust’s stock worth $17,177,000 after buying an additional 350,570 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Omega Healthcare Investors by 158.8% in the 3rd quarter. Tidal Investments LLC now owns 46,159 shares of the real estate investment trust’s stock worth $1,879,000 after buying an additional 28,326 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

Insider Transactions at Omega Healthcare Investors

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

Omega Healthcare Investors Price Performance

NYSE OHI opened at $38.19 on Thursday. Omega Healthcare Investors, Inc. has a 12 month low of $27.53 and a 12 month high of $44.42. The firm has a market capitalization of $10.31 billion, a PE ratio of 28.08, a P/E/G ratio of 1.22 and a beta of 0.98. The company’s 50 day simple moving average is $40.17 and its 200 day simple moving average is $38.26. The company has a debt-to-equity ratio of 1.10, a current ratio of 6.48 and a quick ratio of 6.48.

Omega Healthcare Investors Dividend Announcement

The company 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. This represents a $2.68 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date was Monday, November 4th. Omega Healthcare Investors’s payout ratio is currently 197.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on OHI shares. Truist Financial boosted their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Royal Bank of Canada upped their target price on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. BNP Paribas upgraded Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Thursday, October 31st. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Monday, December 9th. Finally, Berenberg Bank started coverage on shares of Omega Healthcare Investors in a research report on Friday, October 18th. They issued a “buy” rating and a $45.00 target price for the company. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.18.

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.