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

Omega Healthcare Investors (NYSE:OHI) was downgraded by equities research analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday,Briefing.com Automated Import reports. They presently have a $39.00 target price on the real estate investment trust’s stock, down from their prior target price of $41.00. Wells Fargo & Company‘s price objective indicates a potential upside of 3.51% from the stock’s previous close.

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

Omega Healthcare Investors Trading Up 0.5 %

NYSE:OHI opened at $37.68 on Thursday. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors has a 12-month low of $29.66 and a 12-month high of $44.42. The firm has a market cap of $10.62 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. The stock has a fifty day moving average price of $37.10 and a 200 day moving average price of $38.84.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating 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%. Sell-side analysts anticipate that Omega Healthcare Investors will post 2.86 earnings per share for the current fiscal year.

Institutional Trading of Omega Healthcare Investors

A number of institutional investors have recently made changes to their positions in the business. Cohen & Steers Inc. grew its stake in Omega Healthcare Investors by 50.8% in the 4th quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust’s stock valued at $992,467,000 after buying an additional 8,837,218 shares during the last quarter. Norges Bank bought a new stake in Omega Healthcare Investors during the fourth quarter worth $110,160,000. Vanguard Group Inc. grew its position in Omega Healthcare Investors by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust’s stock valued at $1,440,646,000 after acquiring an additional 1,809,519 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Omega Healthcare Investors by 328.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,661,964 shares of the real estate investment trust’s stock valued at $67,642,000 after purchasing an additional 1,274,238 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Omega Healthcare Investors by 49.4% in the 4th quarter. Northern Trust Corp now owns 3,274,793 shares of the real estate investment trust’s stock worth $123,951,000 after purchasing an additional 1,083,326 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

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.