Assetmark Inc. Boosts Holdings in Omega Healthcare Investors, Inc. (NYSE:OHI)

Key Points

• Assetmark Inc. increased its holdings in Omega Healthcare Investors, Inc. by 2.0%, now owning 1,249,996 shares worth approximately $47.6 million.
• The company announced a quarterly dividend of $0.67, resulting in an annualized dividend yield of 6.85% and a payout ratio of 166.46%.
• Wells Fargo upgraded Omega Healthcare Investors from an "equal weight" to an "overweight" rating, raising their price target from $38.00 to $41.00.

Assetmark Inc. boosted its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,249,996 shares of the real estate investment trust's stock after buying an additional 24,073 shares during the quarter. Assetmark Inc. owned approximately 0.44% of Omega Healthcare Investors worth $47,600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. bought a new position in Omega Healthcare Investors during the first quarter worth $29,000. Loomis Sayles & Co. L P raised its stake in Omega Healthcare Investors by 27.6% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust's stock worth $56,000 after buying an additional 319 shares during the last quarter. Dunhill Financial LLC raised its stake in Omega Healthcare Investors by 97.9% during the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock worth $57,000 after buying an additional 750 shares during the last quarter. CoreCap Advisors LLC raised its stake in Omega Healthcare Investors by 177.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock worth $60,000 after buying an additional 1,009 shares during the last quarter. Finally, Park Square Financial Group LLC bought a new position in Omega Healthcare Investors during the fourth quarter worth $61,000. 65.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $41.00 in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $42.25.

Omega Healthcare Investors Stock Performance

Shares of OHI stock traded up $0.22 during trading on Wednesday, reaching $39.33. 612,591 shares of the company's stock traded hands, compared to its average volume of 2,398,627. The company has a market capitalization of $11.38 billion, a P/E ratio of 24.48, a PEG ratio of 2.64 and a beta of 0.68. The company has a current ratio of 6.58, a quick ratio of 6.58 and a debt-to-equity ratio of 0.90. The firm's 50-day moving average is $37.18 and its 200 day moving average is $37.22. Omega Healthcare Investors, Inc. has a 1 year low of $35.04 and a 1 year high of $44.42.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, meeting analysts' consensus estimates of $0.75. The company had revenue of $228.38 million for the quarter, compared to analysts' expectations of $236.61 million. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. Omega Healthcare Investors's revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. Equities research analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Monday, August 4th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date is Monday, August 4th. Omega Healthcare Investors's payout ratio is currently 166.46%.

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.