Wells Fargo & Company Forecasts Strong Price Appreciation for Omega Healthcare Investors (NYSE:OHI) Stock

Omega Healthcare Investors (NYSE:OHI) had its price target raised by equities research analysts at Wells Fargo & Company from $45.00 to $47.00 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target points to a potential upside of 5.49% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Cantor Fitzgerald lifted their target price on Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, March 20th. UBS Group reaffirmed a “buy” rating and set a $52.00 price target on shares of Omega Healthcare Investors in a report on Friday, February 6th. The Goldman Sachs Group assumed coverage on shares of Omega Healthcare Investors in a research report on Friday, January 9th. They set a “buy” rating and a $54.00 price objective for the company. Finally, Jefferies Financial Group restated a “hold” rating and issued a $45.00 target price on shares of Omega Healthcare Investors in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Omega Healthcare Investors currently has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Omega Healthcare Investors Price Performance

Omega Healthcare Investors stock opened at $44.55 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 5.04 and a current ratio of 5.04. Omega Healthcare Investors has a 52 week low of $35.04 and a 52 week high of $49.14. The stock has a market capitalization of $13.17 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 1.87 and a beta of 0.54. The stock has a fifty day moving average of $45.98 and a 200-day moving average of $44.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OHI. Norges Bank bought a new position in Omega Healthcare Investors in the 4th quarter valued at approximately $156,166,000. Invesco Ltd. grew its holdings in Omega Healthcare Investors by 101.7% during the 3rd quarter. Invesco Ltd. now owns 4,944,921 shares of the real estate investment trust’s stock worth $208,775,000 after acquiring an additional 2,493,877 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Omega Healthcare Investors during the 4th quarter worth approximately $93,476,000. Hudson Bay Capital Management LP acquired a new position in Omega Healthcare Investors in the 2nd quarter valued at approximately $71,312,000. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Omega Healthcare Investors by 327.5% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,222,799 shares of the real estate investment trust’s stock valued at $98,559,000 after acquiring an additional 1,702,846 shares during the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.