Omega Healthcare Investors, Inc. (NYSE:OHI) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 27.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,529 shares of the real estate investment trust’s stock after buying an additional 2,936 shares during the period. PNC Financial Services Group Inc.’s holdings in Omega Healthcare Investors were worth $515,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OHI. Envestnet Asset Management Inc. grew its holdings in shares of Omega Healthcare Investors by 12.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 290,576 shares of the real estate investment trust’s stock valued at $10,998,000 after purchasing an additional 32,721 shares during the period. Raymond James Financial Inc. purchased a new stake in Omega Healthcare Investors during the fourth quarter worth about $20,058,000. Bessemer Group Inc. increased its stake in Omega Healthcare Investors by 5.9% during the 4th quarter. Bessemer Group Inc. now owns 5,443 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 303 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in shares of Omega Healthcare Investors in the fourth quarter valued at $206,000. Finally, Mariner LLC boosted its stake in shares of Omega Healthcare Investors by 1.9% in the 4th quarter. Mariner LLC now owns 171,617 shares of the real estate investment trust’s stock valued at $6,496,000 after buying an additional 3,186 shares during the period. 65.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada raised their target price on Omega Healthcare Investors from $39.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Wells Fargo & Company raised Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $41.00 in a research note on Monday, July 14th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Omega Healthcare Investors currently has an average rating of “Hold” and a consensus target price of $42.00.

Insider Buying and Selling at Omega Healthcare Investors

In other news, Director Lisa Egbuonu-Davis sold 2,500 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $40.16, for a total value of $100,400.00. Following the completion of the sale, the director owned 18,654 shares in the company, valued at approximately $749,144.64. This trade represents a 11.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Omega Healthcare Investors Trading Down 0.1%

NYSE OHI opened at $40.41 on Thursday. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 2.80 and a beta of 0.66. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. Omega Healthcare Investors, Inc. has a one year low of $35.04 and a one year high of $44.42. The company’s 50 day moving average price is $37.89 and its 200 day moving average price is $37.41.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.32. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The business had revenue of $235.60 million for the quarter, compared to the consensus estimate of $248.49 million. During the same quarter last year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, sell-side 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 announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 4th will be given a $0.67 dividend. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.68 annualized dividend and a dividend yield of 6.6%. Omega Healthcare Investors’s dividend payout ratio is presently 165.43%.

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.