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

Principal Financial Group Inc. lessened its holdings in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 27.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 0.23% of Omega Healthcare Investors worth $24,274,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc purchased a new position in Omega Healthcare Investors during the second quarter worth approximately $26,000. UMB Bank n.a. raised its holdings in shares of Omega Healthcare Investors by 353.4% during the 3rd quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 516 shares during the period. DiNuzzo Private Wealth Inc. acquired a new position in shares of Omega Healthcare Investors during the 3rd quarter valued at about $33,000. V Square Quantitative Management LLC grew its holdings in shares of 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 valued at $40,000 after purchasing an additional 323 shares during the period. Finally, Covestor Ltd increased its position in Omega Healthcare Investors by 47.6% during the first quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 431 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Stock Down 0.5 %

NYSE OHI traded down $0.20 during trading on Thursday, reaching $39.86. 1,189,221 shares of the company's stock were exchanged, compared to its average volume of 1,674,567. Omega Healthcare Investors, Inc. has a 1 year low of $27.53 and a 1 year high of $44.42. The stock has a market cap of $10.76 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 1.28 and a beta of 0.99. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48. The company has a 50 day moving average price of $40.66 and a two-hundred day moving average price of $36.57.

Omega Healthcare Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Monday, November 4th. Omega Healthcare Investors's dividend payout ratio (DPR) is currently 197.06%.

Insider Activity

In other Omega Healthcare Investors news, CFO Robert O. Stephenson sold 22,542 shares of the business's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $40.19, for a total value of $905,962.98. Following the completion of the sale, the chief financial officer now owns 183,076 shares in the company, valued at approximately $7,357,824.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Omega Healthcare Investors news, COO Daniel J. Booth sold 56,725 shares of the company's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $40.25, for a total transaction of $2,283,181.25. Following the completion of the sale, the chief operating officer now directly owns 100,000 shares of the company's stock, valued at $4,025,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert O. Stephenson sold 22,542 shares of Omega Healthcare Investors stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $40.19, for a total value of $905,962.98. Following the completion of the transaction, the chief financial officer now owns 183,076 shares in the company, valued at $7,357,824.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on OHI shares. BNP Paribas upgraded shares of Omega Healthcare Investors from a "neutral" rating to an "outperform" rating and set a $49.00 target price on the stock in a report on Thursday, October 31st. Scotiabank increased their price objective 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. Truist Financial raised their target price on Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a "hold" rating in a research note on Wednesday, September 4th. Royal Bank of Canada boosted their price target on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company a "sector perform" rating in a research note on Monday. Finally, Berenberg Bank began coverage on Omega Healthcare Investors in a report on Friday, October 18th. They set a "buy" rating and a $45.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Omega Healthcare Investors currently has an average rating of "Hold" and a consensus price target of $40.00.

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.