Pensionfund PDN Invests $2.05 Million in Omega Healthcare Investors, Inc. $OHI

Pensionfund PDN bought a new stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 46,300 shares of the real estate investment trust’s stock, valued at approximately $2,053,000. Omega Healthcare Investors makes up approximately 1.4% of Pensionfund PDN’s holdings, making the stock its 20th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Royal Bank of Canada grew its position in Omega Healthcare Investors by 29.4% in the first quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust’s stock worth $5,496,000 after acquiring an additional 32,798 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of Omega Healthcare Investors by 3.1% in the 1st quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust’s stock valued at $756,000 after purchasing an additional 597 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Omega Healthcare Investors in the 2nd quarter valued at approximately $257,000. Creative Planning boosted its holdings in shares of Omega Healthcare Investors by 17.7% in the 2nd quarter. Creative Planning now owns 56,254 shares of the real estate investment trust’s stock worth $2,062,000 after purchasing an additional 8,460 shares during the period. Finally, Ensign Peak Advisors Inc boosted its holdings in shares of Omega Healthcare Investors by 5.6% in the 2nd quarter. Ensign Peak Advisors Inc now owns 147,404 shares of the real estate investment trust’s stock worth $5,402,000 after purchasing an additional 7,754 shares during the period. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Stock Performance

Shares of NYSE:OHI opened at $44.84 on Tuesday. The firm has a market cap of $13.25 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.54. The firm’s 50 day simple moving average is $45.97 and its 200-day simple moving average is $44.08. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $49.14. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.04 and a current ratio of 5.04.

Omega Healthcare Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.68 annualized dividend and a yield of 6.0%. Omega Healthcare Investors’s dividend payout ratio is 138.86%.

Analyst Upgrades and Downgrades

OHI has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on Omega Healthcare Investors in a report on Friday, January 9th. They set a “buy” rating and a $54.00 price target on the stock. Wells Fargo & Company lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $48.00 to $45.00 in a research note on Thursday, January 29th. BMO Capital Markets cut shares of Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 price objective on the stock. in a research report on Friday, January 9th. UBS Group reissued a “buy” rating and issued a $52.00 target price on shares of Omega Healthcare Investors in a research note on Friday, February 6th. Finally, Truist Financial raised their target price on shares of Omega Healthcare Investors from $46.00 to $48.00 and gave the stock a “hold” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.82.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.