Pacific Wealth Strategies Group Inc. Raises Stock Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Pacific Wealth Strategies Group Inc. boosted its position in Omega Healthcare Investors, Inc. (NYSE:OHI) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,668 shares of the real estate investment trust’s stock after buying an additional 1,148 shares during the period. Omega Healthcare Investors makes up approximately 1.4% of Pacific Wealth Strategies Group Inc.’s investment portfolio, making the stock its 18th largest holding. Pacific Wealth Strategies Group Inc.’s holdings in Omega Healthcare Investors were worth $1,492,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC grew its stake in shares of Omega Healthcare Investors by 96.5% during the 3rd quarter. FMR LLC now owns 2,982,743 shares of the real estate investment trust’s stock worth $98,908,000 after purchasing an additional 1,464,693 shares during the period. Wellington Management Group LLP lifted its holdings in Omega Healthcare Investors by 2,444.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,128,146 shares of the real estate investment trust’s stock valued at $37,409,000 after purchasing an additional 1,083,816 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Omega Healthcare Investors by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,867,871 shares of the real estate investment trust’s stock worth $1,156,219,000 after acquiring an additional 1,003,927 shares during the period. California Public Employees Retirement System raised its holdings in shares of Omega Healthcare Investors by 72.2% during the 4th quarter. California Public Employees Retirement System now owns 1,276,276 shares of the real estate investment trust’s stock worth $39,131,000 after acquiring an additional 535,093 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Omega Healthcare Investors by 60.7% during the 3rd quarter. Invesco Ltd. now owns 1,345,372 shares of the real estate investment trust’s stock worth $44,613,000 after acquiring an additional 508,327 shares during the period. Institutional investors and hedge funds own 65.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on OHI. Mizuho cut their price objective on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, January 3rd. Citigroup raised Omega Healthcare Investors from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $32.00 to $35.00 in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on Omega Healthcare Investors in a research note on Tuesday, January 30th. They set a “buy” rating and a $36.00 target price for the company. BNP Paribas upgraded Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective for the company in a research note on Thursday, February 8th. Finally, Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $31.00 to $35.00 in a research note on Monday, February 26th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $33.58.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI traded down $0.09 during mid-day trading on Wednesday, reaching $30.60. The company had a trading volume of 204,625 shares, compared to its average volume of 1,742,344. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 1.35. The stock has a market cap of $7.51 billion, a PE ratio of 31.01, a P/E/G ratio of 9.91 and a beta of 0.91. The company has a 50-day moving average price of $31.01 and a two-hundred day moving average price of $31.15. Omega Healthcare Investors, Inc. has a 1-year low of $26.00 and a 1-year high of $34.77.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.67 per share. The ex-dividend date is Monday, April 29th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.76%. Omega Healthcare Investors’s dividend payout ratio is 270.71%.

About Omega Healthcare Investors

Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.