Pacific Wealth Strategies Group Inc. Has $2.62 Million Holdings in Omega Healthcare Investors, Inc. $OHI

Pacific Wealth Strategies Group Inc. increased its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,335 shares of the real estate investment trust’s stock after purchasing an additional 1,707 shares during the quarter. Omega Healthcare Investors makes up 1.7% of Pacific Wealth Strategies Group Inc.’s investment portfolio, making the stock its 13th biggest holding. Pacific Wealth Strategies Group Inc.’s holdings in Omega Healthcare Investors were worth $2,619,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Omega Healthcare Investors in the second quarter worth $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Omega Healthcare Investors in the second quarter worth $41,000. Bayforest Capital Ltd grew its stake in shares of Omega Healthcare Investors by 395.2% in the second quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 901 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Omega Healthcare Investors by 562.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,828 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,552 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new stake in shares of Omega Healthcare Investors in the second quarter worth $73,000. Institutional investors own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OHI. Scotiabank boosted their price objective on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Omega Healthcare Investors in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price target on shares of Omega Healthcare Investors from $39.00 to $41.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Mizuho upped their price target on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Finally, Wells Fargo & Company upped their price target on shares of Omega Healthcare Investors from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Omega Healthcare Investors currently has a consensus rating of “Moderate Buy” and an average target price of $43.86.

Omega Healthcare Investors Stock Performance

Shares of OHI opened at $41.95 on Tuesday. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $12.38 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 1.85 and a beta of 0.70. The firm’s fifty day simple moving average is $41.47 and its two-hundred day simple moving average is $39.15. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $43.40.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $260.74 million for the quarter, compared to analysts’ expectations of $262.48 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. As a group, analysts predict that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd 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 6.4%. The ex-dividend date of this dividend is Monday, November 3rd. Omega Healthcare Investors’s dividend payout ratio is 149.72%.

Insider Activity

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $40.16, for a total transaction of $100,400.00. Following the transaction, the director owned 18,654 shares of the company’s stock, valued at $749,144.64. This represents a 11.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by company insiders.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.