Omega Healthcare Investors (NYSE:OHI)‘s stock had its “hold” rating restated by investment analysts at Bank of America in a report issued on Monday.

Several other equities research analysts have also recently commented on the stock. Raymond James raised shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Friday, November 16th. TheStreet raised shares of Omega Healthcare Investors from a “c” rating to a “b-” rating in a research report on Thursday, November 8th. Stifel Nicolaus set a $34.00 target price on shares of Omega Healthcare Investors and gave the stock a “hold” rating in a research report on Monday, November 5th. MED raised their target price on shares of Omega Healthcare Investors to $34.00 and gave the stock a “neutral” rating in a research report on Monday, November 5th. Finally, Zacks Investment Research raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.50.

NYSE:OHI opened at $36.48 on Monday. Omega Healthcare Investors has a 12 month low of $24.90 and a 12 month high of $36.54. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.17 and a quick ratio of 4.17. The stock has a market capitalization of $7.08 billion, a PE ratio of 11.05, a P/E/G ratio of 5.95 and a beta of 0.13.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Monday, November 5th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.46). Omega Healthcare Investors had a return on equity of 7.32% and a net margin of 31.91%. The company had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $194.40 million. During the same period in the prior year, the business posted $0.79 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts forecast that Omega Healthcare Investors will post 2.97 earnings per share for the current year.

In related news, insider Michael Ritz sold 6,000 shares of Omega Healthcare Investors stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $34.75, for a total transaction of $208,500.00. Following the completion of the transaction, the insider now directly owns 10,076 shares of the company’s stock, valued at approximately $350,141. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.65% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BerganKDV Wealth Management LLC purchased a new position in Omega Healthcare Investors during the 2nd quarter valued at about $110,000. Stratos Wealth Partners LTD. purchased a new position in Omega Healthcare Investors during the 3rd quarter valued at about $132,000. Meeder Asset Management Inc. lifted its position in Omega Healthcare Investors by 69.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 4,184 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 1,712 shares during the period. Point72 Hong Kong Ltd bought a new stake in Omega Healthcare Investors during the 2nd quarter valued at about $147,000. Finally, Bell Rock Capital LLC bought a new stake in Omega Healthcare Investors during the 3rd quarter valued at about $158,000. 73.10% of the stock is owned by institutional investors.

Omega Healthcare Investors Company Profile

Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the US, as well as in the UK.

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Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

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