Omega Healthcare Investors (NYSE:OHI) Price Target Increased to $39.00 by Analysts at Truist Financial
Truist Financial raised the price target for Omega Healthcare Investors (NYSE:OHI) from its previous level to a new level while maintaining a "hold" rating. The new price target suggests a downside potential of 2.23% based on the current price. Other brokerages have varied opinions, with Mizuho adjusting from "outperform" to "neutral," and Wells Fargo upgrading to "strong-buy." The stock has an average rating of "Hold" from analysts, with a consensus price target of .67. Omega Healthcare's stock recently traded at .89, with a market cap of .86 billion, and reported earnings miss in the last quarter.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) had its price target raised by equities researchers at Truist Financial from $33.00 to $39.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price objective suggests a potential downside of 2.23% from the stock's current price.
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Several other brokerages have also issued reports on OHI. Mizuho lowered shares of Omega Healthcare Investors from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from $34.00 to $35.00 in a report on Thursday, July 25th. Scotiabank lifted their price objective on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the company a "sector perform" rating in a report on Monday, August 26th. Finally, Wells Fargo & Company raised shares of Omega Healthcare Investors to a "strong-buy" rating in a report on Friday, June 14th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $34.67.
Check Out Our Latest Report on Omega Healthcare Investors
Omega Healthcare Investors Trading Up 1.1 %
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Omega Healthcare Investors stock traded up $0.42 during midday trading on Wednesday, reaching $39.89. The stock had a trading volume of 195,084 shares, compared to its average volume of 1,679,809. The company has a quick ratio of 5.79, a current ratio of 5.79 and a debt-to-equity ratio of 1.19. Omega Healthcare Investors has a 52-week low of $27.53 and a 52-week high of $39.90. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 1.39 and a beta of 0.97. The company has a fifty day moving average of $36.54 and a 200 day moving average of $33.15.
Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.20). The company had revenue of $252.70 million for the quarter, compared to analysts' expectations of $205.92 million. Omega Healthcare Investors had a return on equity of 8.61% and a net margin of 33.52%. The business's revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business posted $0.74 earnings per share. On average, analysts anticipate that Omega Healthcare Investors will post 2.81 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Omega Healthcare Investors
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Institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Omega Healthcare Investors in the 2nd quarter worth approximately $26,000. WFA Asset Management Corp purchased a new stake in shares of Omega Healthcare Investors in the 1st quarter valued at approximately $39,000. Covestor Ltd increased its position in shares of Omega Healthcare Investors by 47.6% in the 1st quarter. Covestor Ltd now owns 1,337 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 431 shares during the last quarter. Highlander Capital Management LLC grew its position in shares of Omega Healthcare Investors by 52.0% in the 1st quarter. Highlander Capital Management LLC now owns 1,900 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 650 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Omega Healthcare Investors in the 4th quarter valued at $80,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.
About Omega Healthcare Investors
(Get Free Report)Omega is a REIT 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 U.S., as well as in the U.K.
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