Assetmark Inc. Increases Holdings in Omega Healthcare Investors, Inc. $OHI

Key Points

• Assetmark Inc. increased its stake in Omega Healthcare Investors by 4.0% in Q4 to 1,410,363 shares worth about $62.54 million, representing 0.48% of the company.
• Other institutions also boosted positions (e.g., Royal Bank of Canada +29.4%, First Trust Advisors +32.8%), and hedge funds/institutional investors now own 65.25% of OHI.
• Analysts' consensus is an average rating of "Hold" with a $47.83 target, while OHI pays a $0.67 quarterly dividend (annualized $2.68) for a 5.9% yield138.86%.

Assetmark Inc. lifted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,410,363 shares of the real estate investment trust's stock after acquiring an additional 54,689 shares during the quarter. Assetmark Inc. owned 0.48% of Omega Healthcare Investors worth $62,535,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Omega Healthcare Investors by 29.4% in the first quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust's stock worth $5,496,000 after buying an additional 32,798 shares during the period. Focus Partners Wealth boosted its position in Omega Healthcare Investors by 3.1% during the 1st quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust's stock valued at $756,000 after buying an additional 597 shares during the period. Sivia Capital Partners LLC bought a new stake in Omega Healthcare Investors in the 2nd quarter worth $257,000. Guggenheim Capital LLC grew its holdings in Omega Healthcare Investors by 1.0% in the 2nd quarter. Guggenheim Capital LLC now owns 29,398 shares of the real estate investment trust's stock worth $1,077,000 after acquiring an additional 280 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Omega Healthcare Investors by 32.8% in the second quarter. First Trust Advisors LP now owns 193,099 shares of the real estate investment trust's stock valued at $7,077,000 after acquiring an additional 47,649 shares during the period. Hedge funds and other institutional investors own 65.25% of the company's stock.

Wall Street Analyst Weigh In

OHI has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Omega Healthcare Investors from $45.00 to $47.00 and gave the company an "equal weight" rating in a report on Thursday, March 26th. Truist Financial increased their price objective on Omega Healthcare Investors from $46.00 to $48.00 and gave the stock a "hold" rating in a report on Thursday, March 5th. Cantor Fitzgerald raised their price target on Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 10th. Weiss Ratings cut shares of Omega Healthcare Investors from a "buy (a-)" rating to a "buy (b+)" rating in a report on Monday, April 6th. Finally, The Goldman Sachs Group initiated coverage on shares of Omega Healthcare Investors in a research report on Friday, January 9th. They set a "buy" rating and a $54.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Omega Healthcare Investors has an average rating of "Hold" and an average target price of $47.83.

Omega Healthcare Investors Price Performance

OHI stock opened at $45.56 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.04 and a current ratio of 5.04. The firm has a 50 day moving average price of $46.29 and a 200-day moving average price of $44.40. Omega Healthcare Investors, Inc. has a 52-week low of $35.08 and a 52-week high of $49.14. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.92 and a beta of 0.59.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.68 annualized dividend and a yield of 5.9%. Omega Healthcare Investors's payout ratio is 138.86%.

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.

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