Assetmark Inc. increased its position in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 35.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,200 shares of the real estate investment trust’s stock after acquiring an additional 10,738 shares during the quarter. Assetmark Inc.’s holdings in Omega Healthcare Investors were worth $1,129,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Moody National Bank Trust Division boosted its stake in Omega Healthcare Investors by 2.5% during the 1st quarter. Moody National Bank Trust Division now owns 25,213 shares of the real estate investment trust’s stock worth $691,000 after acquiring an additional 621 shares during the last quarter. Van ECK Associates Corp boosted its stake in Omega Healthcare Investors by 8.3% during the 4th quarter. Van ECK Associates Corp now owns 63,728 shares of the real estate investment trust’s stock worth $1,781,000 after acquiring an additional 4,888 shares during the last quarter. AGF Management Ltd. boosted its stake in Omega Healthcare Investors by 12.0% during the 1st quarter. AGF Management Ltd. now owns 128,291 shares of the real estate investment trust’s stock worth $3,516,000 after acquiring an additional 13,734 shares during the last quarter. Amalgamated Bank boosted its stake in Omega Healthcare Investors by 12.6% during the 4th quarter. Amalgamated Bank now owns 189,070 shares of the real estate investment trust’s stock worth $5,285,000 after acquiring an additional 21,158 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Omega Healthcare Investors by 9.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 123,625 shares of the real estate investment trust’s stock worth $3,389,000 after acquiring an additional 10,499 shares during the last quarter. Institutional investors own 66.04% of the company’s stock.
Analyst Upgrades and Downgrades
OHI has been the topic of several recent analyst reports. Truist Financial lifted their price objective on shares of Omega Healthcare Investors from $29.00 to $33.00 in a research note on Wednesday, June 21st. Berenberg Bank assumed coverage on shares of Omega Healthcare Investors in a research note on Thursday, July 27th. They issued a “buy” rating on the stock. StockNews.com lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Tuesday. Mizuho cut their price target on shares of Omega Healthcare Investors from $32.00 to $31.00 in a research note on Tuesday, May 30th. Finally, Stifel Nicolaus cut their price target on shares of Omega Healthcare Investors from $36.00 to $33.00 in a research note on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Omega Healthcare Investors has an average rating of “Hold” and an average target price of $31.25.
Omega Healthcare Investors Stock Performance
Shares of OHI stock opened at $31.25 on Friday. The company’s fifty day simple moving average is $31.27 and its 200-day simple moving average is $29.07. The company has a quick ratio of 5.55, a current ratio of 5.55 and a debt-to-equity ratio of 1.39. The firm has a market cap of $7.65 billion, a PE ratio of 30.64 and a beta of 1.00. Omega Healthcare Investors, Inc. has a 12 month low of $25.61 and a 12 month high of $33.71.
Omega Healthcare Investors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.58%. The ex-dividend date of this dividend is Friday, July 28th. Omega Healthcare Investors’s dividend payout ratio is presently 262.75%.
Omega Healthcare Investors Profile
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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