Omega Healthcare Investors (NYSE:OHI) Downgraded to “Equal Weight” Rating by Wells Fargo & Company

Omega Healthcare Investors (NYSE:OHI) was downgraded by investment analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a report issued on Thursday, March 27th, Marketbeat.com reports. They currently have a $39.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $41.00. Wells Fargo & Company‘s price objective indicates a potential downside of 0.15% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. BMO Capital Markets upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Monday, December 9th. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Mizuho raised their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Truist Financial increased their price target on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Omega Healthcare Investors has an average rating of “Hold” and a consensus target price of $42.00.

Omega Healthcare Investors Stock Up 3.1 %

NYSE:OHI traded up $1.18 during midday trading on Thursday, reaching $39.06. 1,518,936 shares of the stock traded hands, compared to its average volume of 1,773,888. The business has a 50-day moving average of $37.15 and a two-hundred day moving average of $38.75. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. Omega Healthcare Investors has a 12-month low of $29.66 and a 12-month high of $44.42. The stock has a market capitalization of $11.01 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. On average, equities analysts forecast that Omega Healthcare Investors will post 2.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OHI. Geode Capital Management LLC increased its holdings in shares of Omega Healthcare Investors by 3.1% in the third quarter. Geode Capital Management LLC now owns 6,426,129 shares of the real estate investment trust’s stock valued at $261,589,000 after purchasing an additional 192,465 shares during the last quarter. State Street Corp grew its holdings in Omega Healthcare Investors by 0.9% in the 3rd quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust’s stock valued at $502,228,000 after buying an additional 114,085 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Omega Healthcare Investors by 69.8% in the 4th quarter. Teacher Retirement System of Texas now owns 142,279 shares of the real estate investment trust’s stock worth $5,385,000 after acquiring an additional 58,482 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Omega Healthcare Investors by 2.9% during the 4th quarter. Assetmark Inc. now owns 1,225,923 shares of the real estate investment trust’s stock worth $46,401,000 after acquiring an additional 34,463 shares during the period. Finally, Tallon Kerry Patrick acquired a new position in shares of Omega Healthcare Investors during the 4th quarter valued at about $1,250,000. 65.25% of the stock is owned by hedge funds and other institutional investors.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.