Omega Healthcare Investors, Inc. (OHI) Upgraded at Zacks Investment Research
Omega Healthcare Investors, Inc. (NYSE:OHI) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued on Wednesday. The firm presently has a $35.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 10.41% from the company’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 research firms also recently weighed in on OHI. BidaskClub upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. ValuEngine cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $30.00 price objective on shares of Omega Healthcare Investors in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Omega Healthcare Investors has a consensus rating of “Hold” and an average price target of $32.63.
Omega Healthcare Investors (NYSE OHI) opened at 31.70 on Wednesday. The firm has a 50-day moving average of $31.89 and a 200-day moving average of $32.53. Omega Healthcare Investors has a one year low of $28.11 and a one year high of $35.14. The company has a market cap of $6.25 billion, a PE ratio of 16.73 and a beta of 0.53.
Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.16). The firm had revenue of $194.00 million for the quarter, compared to the consensus estimate of $194.59 million. Omega Healthcare Investors had a net margin of 40.20% and a return on equity of 8.88%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. On average, analysts predict that Omega Healthcare Investors will post $1.77 EPS for the current year.
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Institutional investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. grew its position in Omega Healthcare Investors by 20.7% in the first quarter. UBS Asset Management Americas Inc. now owns 367,420 shares of the real estate investment trust’s stock valued at $12,121,000 after acquiring an additional 62,968 shares during the period. Parametric Portfolio Associates LLC raised its stake in Omega Healthcare Investors by 3.6% during the first quarter. Parametric Portfolio Associates LLC now owns 186,324 shares of the real estate investment trust’s stock worth $6,147,000 after acquiring an additional 6,493 shares in the last quarter. Blair William & Co. IL acquired a new position in Omega Healthcare Investors during the first quarter worth $758,000. OppenheimerFunds Inc. raised its stake in Omega Healthcare Investors by 24.1% during the first quarter. OppenheimerFunds Inc. now owns 40,626 shares of the real estate investment trust’s stock worth $1,340,000 after acquiring an additional 7,889 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Omega Healthcare Investors by 482.5% during the first quarter. Wellington Management Group LLP now owns 162,343 shares of the real estate investment trust’s stock worth $5,355,000 after acquiring an additional 134,472 shares in the last quarter. Institutional investors and hedge funds own 72.84% of the company’s stock.
Omega Healthcare Investors Company Profile
Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in 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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