Pacific Wealth Strategies Group Inc. boosted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,668 shares of the real estate investment trust’s stock after purchasing an additional 1,148 shares during the quarter. Omega Healthcare Investors comprises approximately 1.4% of Pacific Wealth Strategies Group Inc.’s portfolio, making the stock its 18th biggest position. Pacific Wealth Strategies Group Inc.’s holdings in Omega Healthcare Investors were worth $1,492,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OHI. Peoples Bank KS purchased a new stake in shares of Omega Healthcare Investors during the third quarter worth approximately $33,000. NBC Securities Inc. purchased a new position in Omega Healthcare Investors in the third quarter worth $34,000. Highlander Capital Management LLC raised its position in Omega Healthcare Investors by 150.0% in the fourth quarter. Highlander Capital Management LLC now owns 1,250 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 750 shares in the last quarter. Clear Street Markets LLC purchased a new position in Omega Healthcare Investors in the third quarter worth $73,000. Finally, Allworth Financial LP raised its position in Omega Healthcare Investors by 699.4% in the fourth quarter. Allworth Financial LP now owns 2,854 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 2,497 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.
Omega Healthcare Investors Stock Down 0.3 %
Shares of NYSE:OHI traded down $0.09 during mid-day trading on Wednesday, hitting $30.60. 204,625 shares of the company traded hands, compared to its average volume of 1,742,344. Omega Healthcare Investors, Inc. has a 52-week low of $26.00 and a 52-week high of $34.77. The firm’s 50 day simple moving average is $31.01 and its 200 day simple moving average is $31.15. The company has a debt-to-equity ratio of 1.35, a quick ratio of 6.76 and a current ratio of 6.76. The firm has a market cap of $7.51 billion, a P/E ratio of 31.01, a PEG ratio of 9.91 and a beta of 0.91.
Omega Healthcare Investors Dividend Announcement
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Truist Financial increased their price objective on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. BNP Paribas raised Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $30.00 price objective on the stock in a research note on Thursday, February 8th. Mizuho reduced their target price on Omega Healthcare Investors from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. Wells Fargo & Company upgraded Omega Healthcare Investors from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $31.00 to $35.00 in a research report on Monday, February 26th. Finally, Bank of America downgraded Omega Healthcare Investors from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $33.00 to $31.00 in a research report on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Omega Healthcare Investors presently has a consensus rating of “Hold” and an average target price of $33.58.
View Our Latest Stock Analysis on OHI
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.
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