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

Omega Healthcare Investors (NYSE:OHI) was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Thursday,Finviz reports. They presently have a $45.00 target price on the real estate investment trust’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 4.15% from the stock’s current price.

A number of other brokerages have also commented on OHI. Cantor Fitzgerald began coverage on Omega Healthcare Investors in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 price objective on the stock. BMO Capital Markets lowered Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 price target on the stock. in a research note on Friday, January 9th. Weiss Ratings upgraded Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday. Royal Bank Of Canada lifted their price objective on Omega Healthcare Investors from $41.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Finally, Truist Financial upped their target price on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.82.

Omega Healthcare Investors Trading Up 0.1%

Shares of NYSE OHI opened at $43.21 on Thursday. Omega Healthcare Investors has a 1-year low of $35.04 and a 1-year high of $46.36. The company has a 50-day moving average of $44.63 and a two-hundred day moving average of $42.40. The company has a market cap of $12.77 billion, a PE ratio of 24.14, a P/E/G ratio of 1.39 and a beta of 0.57. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.95.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Omega Healthcare Investors had a net margin of 46.83% and a return on equity of 10.72%. The business had revenue of $311.59 million during the quarter, compared to analyst estimates of $262.48 million. During the same quarter last year, the business posted $0.71 earnings per share. Omega Healthcare Investors’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities analysts expect that Omega Healthcare Investors will post 2.86 earnings per share for the current fiscal year.

Insider Transactions at Omega Healthcare Investors

In related news, CEO C Taylor Pickett bought 20,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were purchased at an average price of $43.14 per share, with a total value of $862,800.00. Following the completion of the purchase, the chief executive officer owned 20,000 shares of the company’s stock, valued at $862,800. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CIO Vikas Gupta bought 11,500 shares of Omega Healthcare Investors stock in a transaction on Thursday, November 6th. The shares were bought at an average price of $42.97 per share, for a total transaction of $494,155.00. Following the acquisition, the executive owned 13,773 shares of the company’s stock, valued at approximately $591,825.81. The trade was a 505.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OHI. GeoWealth Management LLC increased its stake in Omega Healthcare Investors by 1.3% in the third quarter. GeoWealth Management LLC now owns 18,850 shares of the real estate investment trust’s stock valued at $796,000 after purchasing an additional 239 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Omega Healthcare Investors by 3.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 8,184 shares of the real estate investment trust’s stock valued at $363,000 after buying an additional 262 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Omega Healthcare Investors by 40.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 268 shares in the last quarter. DAVENPORT & Co LLC raised its stake in Omega Healthcare Investors by 2.1% during the 4th quarter. DAVENPORT & Co LLC now owns 13,035 shares of the real estate investment trust’s stock worth $578,000 after buying an additional 272 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Omega Healthcare Investors by 7.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,182 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 279 shares during the period. Institutional investors own 65.25% of the company’s stock.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.