Principal Financial Group Inc. Reduces Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Principal Financial Group Inc. decreased its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 27.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 596,404 shares of the real estate investment trust's stock after selling 226,421 shares during the period. Principal Financial Group Inc. owned about 0.22% of Omega Healthcare Investors worth $24,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allworth Financial LP grew its stake in shares of Omega Healthcare Investors by 12.0% in the 3rd quarter. Allworth Financial LP now owns 2,276 shares of the real estate investment trust's stock worth $93,000 after acquiring an additional 244 shares in the last quarter. Venturi Wealth Management LLC increased its position 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 valued at $51,000 after acquiring an additional 286 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its holdings in Omega Healthcare Investors by 3.7% during the second quarter. Cutter & CO Brokerage Inc. now owns 8,206 shares of the real estate investment trust's stock worth $281,000 after acquiring an additional 290 shares during the period. NCP Inc. lifted its holdings in Omega Healthcare Investors by 10.3% during the second quarter. NCP Inc. now owns 3,310 shares of the real estate investment trust's stock worth $113,000 after acquiring an additional 310 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in Omega Healthcare Investors by 49.5% in the third quarter. V Square Quantitative Management LLC now owns 976 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 323 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on OHI shares. Truist Financial boosted their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a "hold" rating in a report on Wednesday, September 4th. BNP Paribas raised shares of Omega Healthcare Investors from a "neutral" rating to an "outperform" rating and set a $49.00 target price for the company in a research report on Thursday, October 31st. Mizuho increased their price objective on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. BMO Capital Markets upgraded Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research note on Monday, December 9th. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $43.00 price target (up previously from $40.00) on shares of Omega Healthcare Investors in a research note on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.18.

Insiders Place Their Bets

In other Omega Healthcare Investors news, CFO Robert O. Stephenson sold 22,542 shares of the firm's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $40.19, for a total value of $905,962.98. Following the sale, the chief financial officer now owns 183,076 shares of the company's stock, valued at $7,357,824.44. This trade represents a 10.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Daniel J. Booth sold 56,725 shares of Omega Healthcare Investors 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 sale, the chief operating officer now owns 100,000 shares of the company's stock, valued at approximately $4,025,000. This trade represents a 36.19 % 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

Shares of OHI traded down $0.04 during midday trading on Thursday, hitting $38.15. 972,167 shares of the company traded hands, compared to its average volume of 1,711,320. Omega Healthcare Investors, Inc. has a one year low of $27.53 and a one year high of $44.42. The firm has a market cap of $10.30 billion, a P/E ratio of 28.05, a PEG ratio of 1.22 and a beta of 0.98. The company has a debt-to-equity ratio of 1.10, a current ratio of 6.48 and a quick ratio of 6.48. The stock has a 50-day moving average of $40.11 and a 200-day moving average of $38.26.

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 of this dividend was Monday, November 4th. Omega Healthcare Investors's dividend payout ratio (DPR) is presently 197.06%.

Omega Healthcare Investors Company 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.