ValuEngine upgraded shares of Omega Healthcare Investors, Inc. (NYSE:OHI) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Several other equities analysts have also commented on OHI. Zacks Investment Research lowered shares of Omega Healthcare Investors from a hold rating to a sell rating in a report on Thursday, September 28th. BidaskClub lowered shares of Omega Healthcare Investors from a hold rating to a sell rating in a report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $32.63.

Shares of Omega Healthcare Investors (NYSE:OHI) traded down 0.776% during trading on Monday, hitting $31.345. 838,310 shares of the stock were exchanged. Omega Healthcare Investors has a one year low of $28.11 and a one year high of $35.14. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 16.541 and a beta of 0.53. The stock’s 50 day moving average price is $31.91 and its 200-day moving average price is $32.52.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.16). Omega Healthcare Investors had a return on equity of 8.88% and a net margin of 40.20%. The company had revenue of $194.00 million during the quarter, compared to analyst estimates of $194.59 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. On average, analysts predict that Omega Healthcare Investors will post $1.77 EPS for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Omega Healthcare Investors by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 32,497,878 shares of the real estate investment trust’s stock worth $1,073,080,000 after buying an additional 735,367 shares during the period. BlackRock Inc. increased its stake in Omega Healthcare Investors by 3.6% during the 2nd quarter. BlackRock Inc. now owns 20,606,999 shares of the real estate investment trust’s stock worth $680,443,000 after buying an additional 717,086 shares during the period. State Street Corp increased its stake in Omega Healthcare Investors by 4.3% during the 2nd quarter. State Street Corp now owns 6,278,985 shares of the real estate investment trust’s stock worth $207,335,000 after buying an additional 258,035 shares during the period. Principal Financial Group Inc. increased its stake in Omega Healthcare Investors by 137.5% during the 2nd quarter. Principal Financial Group Inc. now owns 5,503,823 shares of the real estate investment trust’s stock worth $181,736,000 after buying an additional 3,186,783 shares during the period. Finally, Morgan Stanley increased its stake in Omega Healthcare Investors by 1.6% during the 1st quarter. Morgan Stanley now owns 3,687,995 shares of the real estate investment trust’s stock worth $121,667,000 after buying an additional 59,077 shares during the period. 72.84% of the stock is currently owned by hedge funds and other institutional investors.

About Omega Healthcare Investors

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

To view ValuEngine’s full report, visit ValuEngine’s official website.

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