Pacific Wealth Strategies Group Inc. Has $2.42 Million Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Pacific Wealth Strategies Group Inc. lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 64,043 shares of the real estate investment trust’s stock after buying an additional 1,984 shares during the quarter. Omega Healthcare Investors accounts for 1.7% of Pacific Wealth Strategies Group Inc.’s portfolio, making the stock its 13th biggest holding. Pacific Wealth Strategies Group Inc.’s holdings in Omega Healthcare Investors were worth $2,424,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of OHI. UMB Bank n.a. lifted its position in shares of Omega Healthcare Investors by 353.4% in the third quarter. UMB Bank n.a. now owns 662 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 516 shares during the last quarter. Grove Bank & Trust bought a new position in shares of Omega Healthcare Investors in the 4th quarter valued at approximately $30,000. True Wealth Design LLC acquired a new stake in Omega Healthcare Investors in the 3rd quarter worth approximately $31,000. Dunhill Financial LLC bought a new stake in Omega Healthcare Investors during the third quarter worth approximately $31,000. Finally, DiNuzzo Private Wealth Inc. acquired a new position in Omega Healthcare Investors during the third quarter valued at approximately $33,000. 65.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently 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 price objective for the company in a research note 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 target for the company in a report on Monday, December 9th. Berenberg Bank began coverage on Omega Healthcare Investors in a research note on Friday, October 18th. They issued a “buy” rating and a $45.00 price objective on the stock. Royal Bank of Canada increased their target price on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.67.

Omega Healthcare Investors Price Performance

Shares of Omega Healthcare Investors stock opened at $37.94 on Friday. Omega Healthcare Investors, Inc. has a twelve month low of $29.17 and a twelve month high of $44.42. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.48 and a current ratio of 7.07. The firm has a market cap of $10.24 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 1.11 and a beta of 0.99. The firm’s 50-day simple moving average is $38.00 and its 200-day simple moving average is $39.07.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. As a group, research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current fiscal year.

Omega Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 7.06%. The ex-dividend date of this dividend is Monday, February 10th. Omega Healthcare Investors’s dividend payout ratio is currently 172.90%.

Omega Healthcare Investors Company Profile

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.