Assetmark Inc. Boosts Stake in Omega Healthcare Investors, Inc. $OHI

Assetmark Inc. raised its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,355,674 shares of the real estate investment trust’s stock after purchasing an additional 15,171 shares during the period. Assetmark Inc. owned 0.46% of Omega Healthcare Investors worth $57,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in OHI. Caitong International Asset Management Co. Ltd bought a new position in shares of Omega Healthcare Investors during the second quarter valued at approximately $26,000. Smartleaf Asset Management LLC boosted its position in Omega Healthcare Investors by 40.9% during the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 268 shares in the last quarter. CENTRAL TRUST Co grew its stake in Omega Healthcare Investors by 1,654.4% in the second quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 943 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in Omega Healthcare Investors in the third quarter worth about $39,000. Finally, Bayforest Capital Ltd raised its stake in shares of Omega Healthcare Investors by 395.2% during the 2nd quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 901 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Price Performance

NYSE:OHI opened at $47.41 on Friday. The stock has a 50 day moving average of $44.46 and a two-hundred day moving average of $42.91. Omega Healthcare Investors, Inc. has a 12 month low of $35.04 and a 12 month high of $47.94. The firm has a market cap of $14.01 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 1.52 and a beta of 0.57. The company has a current ratio of 5.04, a quick ratio of 7.11 and a debt-to-equity ratio of 0.78.

Omega Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, February 9th. Omega Healthcare Investors’s payout ratio is presently 138.86%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OHI. The Goldman Sachs Group started coverage on Omega Healthcare Investors in a report on Friday, January 9th. They issued a “buy” rating and a $54.00 price target for the company. Scotiabank lifted their target price on shares of Omega Healthcare Investors from $42.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Jefferies Financial Group restated a “hold” rating and set a $45.00 price target on shares of Omega Healthcare Investors in a research note on Monday, December 15th. Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, December 1st. Finally, Wells Fargo & Company downgraded Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $48.00 to $45.00 in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.36.

Omega Healthcare Investors Profile

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.