Omega Healthcare Investors (OHI) Price Target Raised to $30.00

Omega Healthcare Investors (NYSE:OHI) had its price objective boosted by investment analysts at Stifel Nicolaus from $27.00 to $30.00 in a research note issued on Tuesday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price indicates a potential downside of 2.88% from the company’s previous close.

Other analysts have also issued research reports about the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $34.00 price target on shares of Omega Healthcare Investors in a report on Monday. ValuEngine raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a report on Saturday, May 26th. Jefferies Financial Group raised shares of Omega Healthcare Investors from an “underperform” rating to a “hold” rating and set a $27.00 price target for the company in a report on Wednesday, May 16th. Zacks Investment Research raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a report on Wednesday, May 16th. Finally, Raymond James started coverage on shares of Omega Healthcare Investors in a report on Wednesday, April 25th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.37.

Omega Healthcare Investors opened at $30.89 on Tuesday, according to Marketbeat Ratings. The company has a market cap of $5.98 billion, a PE ratio of 9.36, a PEG ratio of 5.09 and a beta of 0.35. The company has a debt-to-equity ratio of 1.20, a current ratio of 4.01 and a quick ratio of 4.01. Omega Healthcare Investors has a 1-year low of $24.90 and a 1-year high of $32.97.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Friday, August 3rd. The real estate investment trust reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.02. The company had revenue of $192.85 million during the quarter, compared to analyst estimates of $200.30 million. Omega Healthcare Investors had a net margin of 8.94% and a return on equity of 2.02%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. equities analysts predict that Omega Healthcare Investors will post 2.96 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Omega Healthcare Investors by 1.3% in the first quarter. BlackRock Inc. now owns 21,542,990 shares of the real estate investment trust’s stock valued at $582,523,000 after acquiring an additional 284,248 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Omega Healthcare Investors by 8.2% in the first quarter. Principal Financial Group Inc. now owns 7,168,488 shares of the real estate investment trust’s stock valued at $193,837,000 after acquiring an additional 541,017 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Omega Healthcare Investors by 14.9% in the second quarter. Bank of New York Mellon Corp now owns 5,689,457 shares of the real estate investment trust’s stock valued at $176,373,000 after acquiring an additional 736,393 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Omega Healthcare Investors by 43.9% in the second quarter. Daiwa Securities Group Inc. now owns 5,032,761 shares of the real estate investment trust’s stock valued at $156,015,000 after acquiring an additional 1,536,523 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Omega Healthcare Investors by 21.5% in the first quarter. LSV Asset Management now owns 4,866,733 shares of the real estate investment trust’s stock valued at $131,596,000 after acquiring an additional 860,100 shares during the last quarter. 73.02% of the stock is currently owned by hedge funds and other institutional investors.

About Omega Healthcare Investors

Omega is a real estate investment trust 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 US, as well as in the UK.

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