Omega Healthcare Investors Inc. (NYSE:OHI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $40.00 price target on the real estate investment trust’s stock. Zacks Investment Research’s price target would indicate a potential upside of 12.23% from the stock’s previous close.

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. “

A number of other analysts have also issued reports on the stock. BTIG Research began coverage on shares of Omega Healthcare Investors in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. JMP Securities lowered shares of Omega Healthcare Investors from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 18th. They noted that the move was a valuation call. TheStreet upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. SunTrust Banks Inc. lifted their price target on shares of Omega Healthcare Investors from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Finally, Vetr upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $35.84 price target for the company in a research note on Tuesday, August 2nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Omega Healthcare Investors has a consensus rating of “Buy” and an average target price of $36.96.

Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/omega-healthcare-investors-inc-ohi-rating-increased-to-buy-at-zacks-investment-research.html

Shares of Omega Healthcare Investors (NYSE:OHI) opened at 35.64 on Thursday. Omega Healthcare Investors has a 52 week low of $26.96 and a 52 week high of $38.09. The firm has a market cap of $6.89 billion, a PE ratio of 22.37 and a beta of 0.75. The company’s 50-day moving average is $36.21 and its 200-day moving average is $34.32.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The business earned $228.80 million during the quarter, compared to analyst estimates 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 was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 earnings per share. Analysts forecast that Omega Healthcare Investors will post $3.39 EPS for the current fiscal year.

In other Omega Healthcare Investors news, COO Daniel J. Booth sold 20,000 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $37.14, for a total transaction of $742,800.00. Following the sale, the chief operating officer now directly owns 216,083 shares of the company’s stock, valued at $8,025,322.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig M. Bernfield sold 43,942 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $37.47, for a total transaction of $1,646,506.74. Following the sale, the director now directly owns 859,995 shares in the company, valued at $32,224,012.65. The disclosure for this sale can be found here. Company insiders own 4.54% of the company’s stock.

Several hedge funds have recently modified their holdings of OHI. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Omega Healthcare Investors during the second quarter worth $102,000. Evercore Wealth Management LLC boosted its stake in shares of Omega Healthcare Investors by 27.7% in the second quarter. Evercore Wealth Management LLC now owns 3,005 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 651 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of Omega Healthcare Investors by 1.3% in the second quarter. Checchi Capital Advisers LLC now owns 3,059 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 39 shares during the period. Advisory Services Network LLC boosted its stake in shares of Omega Healthcare Investors by 117.9% in the second quarter. Advisory Services Network LLC now owns 3,269 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,769 shares during the period. Finally, Winslow Evans & Crocker Inc. boosted its stake in shares of Omega Healthcare Investors by 5.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,600 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 200 shares during the period. 83.91% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NYSE:OHI

Receive News & Ratings for Omega Healthcare Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.