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

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Omega Healthcare Investors from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Wednesday, July 6th. Jefferies Group upped their target price on Omega Healthcare Investors to $38.00 and gave the stock a “buy” rating in a research note on Thursday, April 7th. Vetr upgraded Omega Healthcare Investors from a “sell” rating to a “hold” rating and set a $33.17 target price for the company in a research note on Monday, March 28th. Stifel Nicolaus upped their target price on Omega Healthcare Investors from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, May 5th. Finally, JMP Securities restated a “buy” rating on shares of Omega Healthcare Investors in a research note on Wednesday, June 29th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $36.83.

The company has a market capitalization of $6.22 billion and a price-to-earnings ratio of 26.239. The firm’s 50 day moving average price is $32.92 and its 200-day moving average price is $33.17.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business earned $212.90 million during the quarter, compared to analysts’ expectations of $179.40 million. The firm’s quarterly revenue was up 59.6% on a year-over-year basis. Analysts anticipate that Omega Healthcare Investors Inc. will post $3.31 EPS for the current fiscal year.

In other Omega Healthcare Investors news, Director Thomas F. Franke acquired 6,000 shares of Omega Healthcare Investors stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average cost of $31.01 per share, for a total transaction of $186,060.00. Following the purchase, 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 Securities & Exchange Commission, which can be accessed through the SEC website.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Omega Healthcare Investors by 9.2% in the fourth quarter. Vanguard Group Inc. now owns 26,649,792 shares of the real estate investment trust’s stock valued at $932,209,000 after buying an additional 2,241,726 shares during the last quarter. First Trust Advisors LP increased its position in shares of Omega Healthcare Investors by 235.5% in the fourth quarter. First Trust Advisors LP now owns 374,108 shares of the real estate investment trust’s stock valued at $13,086,000 after buying an additional 262,600 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Omega Healthcare Investors by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,090,141 shares of the real estate investment trust’s stock valued at $73,114,000 after buying an additional 65,903 shares during the last quarter. Morgan Stanley increased its position in shares of Omega Healthcare Investors by 2.5% in the fourth quarter. Morgan Stanley now owns 2,283,301 shares of the real estate investment trust’s stock valued at $79,869,000 after buying an additional 55,040 shares during the last quarter. Finally, Edge Asset Management Inc. increased its position in shares of Omega Healthcare Investors by 2.8% in the fourth quarter. Edge Asset Management Inc. now owns 1,450,869 shares of the real estate investment trust’s stock valued at $50,751,000 after buying an additional 39,773 shares during 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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