Omega Healthcare Investors, Inc. (NYSE:OHI) Receives an Average Rating of “Hold” by Brokerages

Omega Healthcare Investors, Inc. (NYSE: IHOGet a rating) was given an average rating of “Hold” by the eleven research firms that currently cover the business, MarketBeat.com reports. Seven analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The 12-month average price target among brokerages that have issued ratings on the stock over the past year is $31.44.

Several equity research analysts have commented on the OHI shares. Robert W. Baird downgraded Omega Healthcare Investors from an “outperforming” rating to a “neutral” rating and set a price target of $30.00 for the company. in a Monday, October 10, research note. Bank of America upgraded Omega Healthcare Investors from an “underperforming” rating to a “buy” rating and raised its price target for the company from $27.00 to $35.00 in a research report from the Friday August 5th. Truist Financial raised its price target on Omega Healthcare Investors from $30.00 to $34.00 and gave the company a “holding” rating in a research report on Tuesday, September 13. StockNews.com began covering Omega Healthcare Investors in a research report on Wednesday, October 12. They issued a “hold” rating for the company. Finally, Raymond James raised his price target on Omega Healthcare Investors from $33.00 to $34.00 and gave the company an “outperform” rating in a Wednesday, Aug. 3 research report.

Institutional entries and exits

A number of large investors have recently increased or reduced their stake in OHI. Moody’s National Bank Trust Division increased its stake in Omega Healthcare Investors by 3.7% during the first quarter. Moody’s National Bank Trust Division now owns 22,896 shares of the real estate investment trust worth $713,000 after buying 811 additional shares last quarter. Carret Asset Management LLC purchased a new stake in Omega Healthcare Investors stock during the first quarter at a value of $265,000. Freedman Financial Associates Inc. purchased a new stake in Omega Healthcare Investors stock during the first quarter for $26,000. Spire Wealth Management increased its position in Omega Healthcare Investors shares by 15.9% during the first quarter. Spire Wealth Management now owns 39,780 shares of the real estate investment trust worth $1,240,000 after acquiring an additional 5,449 shares during the period. Finally, Insight Folios Inc increased its position in Omega Healthcare Investors shares by 16.3% during the first quarter. Insight Folios Inc now owns 166,307 shares of the real estate investment trust worth $5,186,000 after acquiring an additional 23,258 shares during the period. 64.10% of the shares are currently held by institutional investors and hedge funds.

Omega Healthcare investors up 1.3%

Omega Healthcare Investors Share opened at $30.36 on Friday. The company has a fifty-day moving average price of $31.33 and a 200-day moving average price of $29.90. Omega Healthcare Investors has a 1-year low of $24.81 and a 1-year high of $33.71. The company has a debt ratio of 1.35, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a market capitalization of $7.11 billion, a price-earnings ratio of 16.06 and a beta of 0.98.

Omega Health Investors (NYSE: IHOGet a rating) last announced its quarterly results on Monday, August 1. The real estate investment trust reported earnings per share of $0.38 for the quarter, missing the consensus estimate of $0.73 per ($0.35). Omega Healthcare Investors posted a net margin of 44.01% and a return on equity of 11.00%. The company posted revenue of $207.54 million in the quarter, compared to $220.06 million expected by analysts. In the same quarter of the previous year, the company achieved EPS of $0.85. Omega Healthcare Investors’ revenue for the quarter was down 4.8% year-over-year. Equity research analysts expect Omega Healthcare Investors to post EPS of 2.93 for the current fiscal year.

About Omega Healthcare Investors

(Get a rating)

Omega is a real estate investment trust that invests in the long-term healthcare sector, primarily in skilled nursing and assisted living facilities. Its asset portfolio is operated by a diverse group of healthcare businesses, primarily in a triple net lease structure. Assets cover all regions of the United States, as well as the United Kingdom.

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