Assetmark Inc. Raises Stake in Omega Healthcare Investors, Inc. (NYSE:OHI)

Assetmark Inc. boosted its holdings in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,225,923 shares of the real estate investment trust's stock after acquiring an additional 34,463 shares during the quarter. Assetmark Inc. owned about 0.45% of Omega Healthcare Investors worth $46,401,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new position in Omega Healthcare Investors in the fourth quarter worth $26,000. Grove Bank & Trust purchased a new position in shares of Omega Healthcare Investors in the fourth quarter valued at $30,000. True Wealth Design LLC purchased a new position in shares of Omega Healthcare Investors in the third quarter valued at $31,000. Dunhill Financial LLC purchased a new position in shares of Omega Healthcare Investors in the third quarter valued at $31,000. Finally, Kentucky Trust Co purchased a new position in shares of Omega Healthcare Investors in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock traded up $0.88 during midday trading on Friday, reaching $36.87. 2,912,633 shares of the company were exchanged, compared to its average volume of 1,651,370. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 23.79, a P/E/G ratio of 1.09 and a beta of 1.00. The firm's 50-day simple moving average is $37.11 and its 200-day simple moving average is $39.00. Omega Healthcare Investors, Inc. has a 1 year low of $29.66 and a 1 year high of $44.42. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07.

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Omega Healthcare Investors (NYSE:OHI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. On average, analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date of this dividend was Monday, February 10th. Omega Healthcare Investors's payout ratio is 172.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on OHI shares. JMP Securities restated a "market perform" rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Royal Bank of Canada raised their price target on Omega Healthcare Investors from $39.00 to $43.00 and gave the company a "sector perform" rating in a research report on Monday, November 11th. Mizuho raised their price target on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets upgraded Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research report on Monday, December 9th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $41.67.

Omega Healthcare Investors 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.