Omega Healthcare Investors (NYSE:OHI) Price Target Lowered to $38.00 at Raymond James

Omega Healthcare Investors (NYSE:OHI) had its price objective dropped by investment analysts at Raymond James from $40.00 to $38.00 in a report released on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price target indicates a potential upside of 21.48% from the stock’s previous close.

OHI has been the subject of a number of other research reports. Capital One Financial lowered shares of Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and set a $38.00 target price for the company. in a research report on Wednesday, August 4th. Scotiabank downgraded shares of Omega Healthcare Investors from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $41.00 to $39.00 in a research note on Thursday, June 17th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, August 18th. Wells Fargo & Company upped their price target on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, July 23rd. Finally, JMP Securities downgraded shares of Omega Healthcare Investors from an “outperform” rating to a “market perform” rating in a research note on Monday, September 13th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.33.

OHI opened at $31.28 on Thursday. The firm has a market cap of $7.47 billion, a P/E ratio of 34.00, a PEG ratio of 5.34 and a beta of 0.99. Omega Healthcare Investors has a 1-year low of $28.08 and a 1-year high of $39.31. The company has a 50 day simple moving average of $34.40 and a two-hundred day simple moving average of $36.17. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.65 and a quick ratio of 3.65.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Sunday, August 1st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.05). Omega Healthcare Investors had a return on equity of 5.26% and a net margin of 23.48%. The company had revenue of $257.42 million for the quarter, compared to the consensus estimate of $235.89 million. During the same quarter in the prior year, the company posted $0.81 EPS. Omega Healthcare Investors’s revenue was up .4% compared to the same quarter last year. Equities analysts anticipate that Omega Healthcare Investors will post 3.25 earnings per share for the current year.

In related news, insider Steven J. Insoft sold 25,000 shares of the firm’s stock in a transaction dated Friday, June 25th. The shares were sold at an average price of $36.71, for a total value of $917,750.00. Following the transaction, the insider now owns 184,588 shares of the company’s stock, valued at approximately $6,776,225.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders bought 1,755 shares of company stock worth $62,479. Insiders own 1.16% of the company’s stock.

A number of hedge funds have recently bought and sold shares of OHI. MV Capital Management Inc. purchased a new position in Omega Healthcare Investors in the 2nd quarter worth about $25,000. Tradition Wealth Management LLC increased its stake in Omega Healthcare Investors by 133.3% in the 2nd quarter. Tradition Wealth Management LLC now owns 700 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 400 shares during the period. Stonebridge Capital Advisors LLC purchased a new position in Omega Healthcare Investors in the 1st quarter worth about $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Omega Healthcare Investors in the 1st quarter worth about $29,000. Finally, Capital Analysts LLC purchased a new position in Omega Healthcare Investors in the 1st quarter worth about $32,000. 68.50% of the stock is currently owned by institutional investors.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities. Its portfolio consists of long-term leases and mortgage agreements. The company was founded on March 31, 1992 and is headquartered in Hunt Valley, MD.

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Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

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