Equities researchers at Berenberg Bank assumed coverage on shares of Omega Healthcare Investors (NYSE:OHI) in a research note issued on Thursday, The Fly reports. The firm set a “buy” rating on the real estate investment trust’s stock.
Other analysts also recently issued research reports about the stock. Wells Fargo & Co lifted their price target on shares of Omega Healthcare Investors from $36.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Zacks Investment Research cut Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Finally, Raymond James restated a “strong-buy” rating on shares of Omega Healthcare Investors in a research note on Thursday. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $38.92.
NYSE OHI opened at $40.66 on Thursday. The company has a fifty day simple moving average of $38.95 and a 200 day simple moving average of $37.18. Omega Healthcare Investors has a 12-month low of $31.69 and a 12-month high of $41.67. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 1.17. The company has a market cap of $8.96 billion, a P/E ratio of 13.38, a PEG ratio of 5.49 and a beta of 0.37.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.39). Omega Healthcare Investors had a net margin of 29.38% and a return on equity of 6.79%. The business had revenue of $191.81 million during the quarter, compared to analyst estimates of $190.46 million. During the same period in the previous year, the business posted $0.75 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts predict that Omega Healthcare Investors will post 2.95 EPS for the current year.
In other news, CFO Robert O. Stephenson sold 8,000 shares of Omega Healthcare Investors stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $40.00, for a total transaction of $320,000.00. Following the sale, the chief financial officer now directly owns 210,130 shares in the company, valued at approximately $8,405,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Daniel J. Booth sold 20,000 shares of Omega Healthcare Investors stock in a transaction on Monday, August 26th. The stock was sold at an average price of $40.24, for a total value of $804,800.00. Following the sale, the chief operating officer now owns 178,241 shares in the company, valued at $7,172,417.84. The disclosure for this sale can be found here. Insiders have sold a total of 118,500 shares of company stock worth $4,586,300 over the last quarter. Company insiders own 1.16% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hancock Whitney Corp purchased a new stake in Omega Healthcare Investors in the 2nd quarter worth about $206,000. American International Group Inc. increased its holdings in Omega Healthcare Investors by 2.9% in the 2nd quarter. American International Group Inc. now owns 419,121 shares of the real estate investment trust’s stock worth $15,403,000 after acquiring an additional 11,766 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in Omega Healthcare Investors by 9.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 105,132 shares of the real estate investment trust’s stock worth $3,864,000 after acquiring an additional 9,000 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Omega Healthcare Investors by 4.7% in the 2nd quarter. Mackenzie Financial Corp now owns 104,354 shares of the real estate investment trust’s stock worth $3,835,000 after acquiring an additional 4,654 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Omega Healthcare Investors by 2.5% in the 2nd quarter. BlackRock Inc. now owns 24,907,576 shares of the real estate investment trust’s stock worth $915,351,000 after acquiring an additional 600,319 shares during the last quarter. Institutional investors own 69.94% of the company’s stock.
Omega Healthcare Investors Company Profile
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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