Zacks Investment Research Downgrades Omega Healthcare Investors Inc. (OHI) to Hold
Omega Healthcare Investors Inc. (NYSE:OHI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “OMEGA HEALTHCARE INVESTORS is a self-administered real estate investment trust which invests in income- producing health care facilities, principally long-term care facilities, with the objective of profitable growth and further diversification of the investment portfolio. Investments are located primarily in the United States. “
Other research analysts have also recently issued reports about the stock. Vetr raised shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $35.84 target price for the company in a report on Tuesday, July 12th. Jefferies Group reissued a “buy” rating on shares of Omega Healthcare Investors in a report on Wednesday, July 6th. JMP Securities reissued a “buy” rating on shares of Omega Healthcare Investors in a report on Wednesday, June 29th. TheStreet raised shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Finally, SunTrust Banks Inc. boosted their price objective on shares of Omega Healthcare Investors from $38.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $36.96.
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Shares of Omega Healthcare Investors (NYSE:OHI) traded up 2.30% during mid-day trading on Wednesday, hitting $35.64. 2,343,329 shares of the company traded hands. The firm’s 50 day moving average price is $36.21 and its 200-day moving average price is $34.32. Omega Healthcare Investors has a 1-year low of $26.96 and a 1-year high of $38.09. The stock has a market capitalization of $6.89 billion, a PE ratio of 22.37 and a beta of 0.75.
Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The business earned $228.80 million during the quarter, compared to analysts’ expectations of $181.59 million. Omega Healthcare Investors had a net margin of 35.55% and a return on equity of 7.44%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. On average, equities research analysts forecast that Omega Healthcare Investors will post $3.39 EPS for the current year.
In other Omega Healthcare Investors news, Director Craig M. Bernfield sold 43,942 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $37.47, for a total value of $1,646,506.74. Following the completion of the transaction, the director now directly owns 859,995 shares in the company, valued at $32,224,012.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Daniel J. Booth sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $37.14, for a total transaction of $742,800.00. Following the completion of the transaction, the chief operating officer now owns 216,083 shares of the company’s stock, valued at $8,025,322.62. The disclosure for this sale can be found here. Company insiders own 4.54% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Pacad Investment Ltd. purchased a new position in Omega Healthcare Investors during the first quarter worth $505,000. CIBC World Markets Inc. raised its position in Omega Healthcare Investors by 40.0% in the first quarter. CIBC World Markets Inc. now owns 14,162 shares of the real estate investment trust’s stock worth $500,000 after buying an additional 4,048 shares during the last quarter. IFP Advisors Inc raised its position in Omega Healthcare Investors by 0.8% in the first quarter. IFP Advisors Inc now owns 16,689 shares of the real estate investment trust’s stock worth $589,000 after buying an additional 133 shares during the last quarter. Virginia Retirement System purchased a new position in Omega Healthcare Investors during the first quarter worth $7,517,000. Finally, Nisa Investment Advisors L.L.C. raised its position in Omega Healthcare Investors by 109.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 98,250 shares of the real estate investment trust’s stock worth $3,468,000 after buying an additional 51,450 shares during the last quarter. Institutional investors and hedge funds own 83.91% of the company’s stock.
About Omega Healthcare Investors
Omega Healthcare Investors, Inc (Omega) is a self-administered real estate investment trust (REIT). The Company invests in income producing healthcare facilities, long-term care facilities located throughout the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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