Pacific Wealth Strategies Group Inc. Increases Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Pacific Wealth Strategies Group Inc. boosted its stake in Omega Healthcare Investors, Inc. (NYSE:OHI) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,043 shares of the real estate investment trust’s stock after purchasing an additional 1,984 shares during the quarter. Omega Healthcare Investors comprises 1.7% of Pacific Wealth Strategies Group Inc.’s portfolio, making the stock its 13th largest position. Pacific Wealth Strategies Group Inc.’s holdings in Omega Healthcare Investors were worth $2,424,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of OHI. UMB Bank n.a. grew 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 purchasing an additional 516 shares during the period. Dunhill Financial LLC acquired a new position in Omega Healthcare Investors during the third quarter valued at approximately $31,000. True Wealth Design LLC purchased a new stake in Omega Healthcare Investors during the third quarter worth approximately $31,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Omega Healthcare Investors in the third quarter worth $33,000. Finally, Grove Bank & Trust purchased a new position in shares of Omega Healthcare Investors in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 65.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OHI shares. Berenberg Bank started coverage on Omega Healthcare Investors in a research report on Friday, October 18th. They issued a “buy” rating and a $45.00 target price for the company. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday. BMO Capital Markets upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Monday, December 9th. Royal Bank of Canada boosted their target price on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Finally, Mizuho lifted their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Omega Healthcare Investors presently has an average rating of “Moderate Buy” and an average target price of $41.67.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $37.94 on Friday. The firm has a 50-day moving average of $38.00 and a two-hundred day moving average of $39.07. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 1.11 and a beta of 0.99. The company has a current ratio of 7.07, a quick ratio of 6.48 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors, Inc. has a twelve month low of $29.17 and a twelve month high of $44.42.

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

Omega Healthcare Investors Dividend Announcement

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

Omega Healthcare Investors 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.