Omega Healthcare Investors Downgraded by Wells Fargo & Co. to Underperform (OHI)
Omega Healthcare Investors (NYSE:OHI) was downgraded by research analysts at Wells Fargo & Co. from a “market perform” rating to an “underperform” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on OHI. Analysts at Goldman Sachs Group Inc. downgraded shares of Omega Healthcare Investors from a “conviction-buy” rating to a “buy” rating in a research note to investors on Tuesday, December 3rd. Analysts at Jefferies Group reiterated a “hold” rating on shares of Omega Healthcare Investors in a research note to investors on Monday, October 14th. They now have a $34.00 price target on the stock, up previously from $32.00. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $33.00.
Omega Healthcare Investors (NYSE:OHI) traded up 0.23% on Tuesday, hitting $30.46. 2,280,204 shares of the company’s stock traded hands. Omega Healthcare Investors has a 52-week low of $24.58 and a 52-week high of $38.41. The stock’s 50-day moving average is $30.96 and its 200-day moving average is $31.01. The company has a market cap of $3.732 billion and a P/E ratio of 21.86.
Omega Healthcare Investors (NYSE:OHI) last released its earnings data on Thursday, October 31st. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $103.30 million for the quarter, compared to the consensus estimate of $94.12 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. Analysts expect that Omega Healthcare Investors will post $2.50 EPS for the current fiscal year.
Omega Healthcare Investors, Inc (NYSE:OHI) is a self-administered real estate investment trust (REIT), investing in income-producing healthcare facilities, such as long-term care facilities located throughout the United States.
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