Omega Healthcare Investors (NYSE:OHI) Price Target Raised to $52.00 at Cantor Fitzgerald

Omega Healthcare Investors (NYSE:OHI) had its price target raised by equities researchers at Cantor Fitzgerald from $50.00 to $52.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 15.54% from the stock’s previous close.

OHI has been the topic of a number of other reports. UBS Group reiterated a “buy” rating and issued a $52.00 target price on shares of Omega Healthcare Investors in a report on Friday. The Goldman Sachs Group initiated coverage on Omega Healthcare Investors in a research report on Friday, January 9th. They set a “buy” rating and a $54.00 target price on the stock. Citigroup reissued a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Omega Healthcare Investors in a research report on Wednesday, November 12th. Weiss Ratings upgraded shares of Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, January 26th. Finally, Scotiabank upped their price objective on Omega Healthcare Investors from $42.00 to $45.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.09.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI opened at $45.01 on Tuesday. Omega Healthcare Investors has a 1-year low of $35.04 and a 1-year high of $46.36. The firm has a market capitalization of $13.30 billion, a P/E ratio of 23.40, a P/E/G ratio of 1.46 and a beta of 0.57. The firm’s 50-day moving average price is $44.39 and its 200-day moving average price is $42.74. The company has a current ratio of 5.04, a quick ratio of 7.11 and a debt-to-equity ratio of 0.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Select Advisors LLC raised its position in Omega Healthcare Investors by 4.5% during the 4th quarter. Cornerstone Select Advisors LLC now owns 21,515 shares of the real estate investment trust’s stock valued at $954,000 after purchasing an additional 918 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in Omega Healthcare Investors during the fourth quarter valued at $161,000. Rothschild Investment LLC increased its stake in shares of Omega Healthcare Investors by 283.7% in the 4th quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 698 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Omega Healthcare Investors during the fourth quarter worth about $9,177,000. Finally, Baker Avenue Asset Management LP boosted its position in shares of Omega Healthcare Investors by 20.4% in the 4th quarter. Baker Avenue Asset Management LP now owns 17,390 shares of the real estate investment trust’s stock worth $771,000 after purchasing an additional 2,947 shares in the last quarter. 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.