Omega Healthcare Investors Inc. (NYSE:OHI) shares dropped 2.9% during mid-day trading on Tuesday . The company traded as low as $32.90 and last traded at $33.19, with a volume of 3,239,039 shares trading hands. The stock had previously closed at $34.17.

OHI has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Omega Healthcare Investors from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, May 5th. Vetr lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating and set a $33.17 price objective on the stock. in a research note on Thursday, March 17th. Jefferies Group reiterated a “buy” rating on shares of Omega Healthcare Investors in a research note on Wednesday, July 6th. JMP Securities reiterated a “buy” rating on shares of Omega Healthcare Investors in a research note on Wednesday, June 29th. Finally, Zacks Investment Research upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Omega Healthcare Investors presently has an average rating of “Buy” and an average target price of $36.61.

The stock has a market cap of $6.16 billion and a PE ratio of 25.99. The stock has a 50 day moving average price of $32.81 and a 200 day moving average price of $33.19.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. The company had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $179.40 million. The firm’s quarterly revenue was up 59.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. On average, analysts anticipate that Omega Healthcare Investors Inc. will post $3.31 EPS for the current fiscal year.

In related news, Director Thomas F. Franke acquired 6,000 shares of Omega Healthcare Investors stock in a transaction dated Monday, May 23rd. The stock was acquired at an average price of $31.01 per share, for a total transaction of $186,060.00. Following the transaction, the director now owns 82,135 shares of the company’s stock, valued at $2,547,006.35. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Several hedge funds recently modified their holdings of OHI. Mutual of America Capital Management LLC increased its stake in shares of Omega Healthcare Investors by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 108,392 shares of the real estate investment trust’s stock valued at $3,792,000 after buying an additional 292 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Omega Healthcare Investors by 0.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 167,967 shares of the real estate investment trust’s stock valued at $5,875,000 after buying an additional 751 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Omega Healthcare Investors by 2.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,722 shares of the real estate investment trust’s stock valued at $1,669,000 after buying an additional 1,024 shares in the last quarter. Symons Capital Management Inc. increased its stake in shares of Omega Healthcare Investors by 0.3% in the fourth quarter. Symons Capital Management Inc. now owns 368,258 shares of the real estate investment trust’s stock valued at $12,878,000 after buying an additional 1,085 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Omega Healthcare Investors by 4.2% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 31,035 shares of the real estate investment trust’s stock valued at $1,094,000 after buying an additional 1,241 shares in the last quarter.

Omega Healthcare Investors, Inc (Omega) is a self-administered real estate investment trust (REIT). The Company invests in income producing healthcare facilities, long-term care facilities located throughout the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.

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