Omega Healthcare Investors (NYSE:OHI) Price Target Cut to $38.00 by Analysts at Wells Fargo & Company

Omega Healthcare Investors (NYSE:OHI) had its target price dropped by equities research analysts at Wells Fargo & Company from $39.00 to $38.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 2.37% from the company’s current price.

A number of other research analysts have also recently commented on the company. JMP Securities restated a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Truist Financial lifted their target price on Omega Healthcare Investors from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.88.

Omega Healthcare Investors Price Performance

OHI stock opened at $37.12 on Monday. The stock has a 50-day moving average price of $37.24 and a two-hundred day moving average price of $37.64. Omega Healthcare Investors has a 12-month low of $31.43 and a 12-month high of $44.42. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. The company has a market cap of $10.74 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $228.38 million during the quarter, compared to the consensus estimate of $236.61 million. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. As a group, research analysts predict that Omega Healthcare Investors will post 2.86 EPS for the current year.

Institutional Trading of Omega Healthcare Investors

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Inspire Investing LLC increased its position in shares of Omega Healthcare Investors by 4.1% during the first quarter. Inspire Investing LLC now owns 57,900 shares of the real estate investment trust’s stock worth $2,205,000 after acquiring an additional 2,299 shares during the last quarter. Strs Ohio bought a new stake in Omega Healthcare Investors in the first quarter valued at about $8,530,000. Intrua Financial LLC increased its holdings in Omega Healthcare Investors by 13.9% in the first quarter. Intrua Financial LLC now owns 26,223 shares of the real estate investment trust’s stock valued at $999,000 after buying an additional 3,201 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in Omega Healthcare Investors by 9.5% in the first quarter. Jacobi Capital Management LLC now owns 11,746 shares of the real estate investment trust’s stock valued at $447,000 after buying an additional 1,016 shares during the last quarter. Finally, Advisors Capital Management LLC increased its holdings in Omega Healthcare Investors by 1.7% in the first quarter. Advisors Capital Management LLC now owns 775,112 shares of the real estate investment trust’s stock valued at $29,516,000 after buying an additional 13,254 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other 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, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.