Omega Healthcare Investors (NYSE:OHI) Research Coverage Started at Barclays

Research analysts at Barclays started coverage on shares of Omega Healthcare Investors (NYSE:OHIGet Rating) in a research note issued to investors on Tuesday, Briefing.com reports. The firm set an “equal weight” rating and a $29.00 price target on the real estate investment trust’s stock. Barclays‘s price objective would indicate a potential upside of 4.47% from the company’s previous close.

OHI has been the topic of several other research reports. Credit Suisse Group dropped their price target on shares of Omega Healthcare Investors from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 8th. Mizuho dropped their price target on shares of Omega Healthcare Investors from $34.00 to $32.00 in a research note on Thursday, February 10th. Raymond James dropped their price target on shares of Omega Healthcare Investors from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, March 18th. StockNews.com started coverage on shares of Omega Healthcare Investors in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, March 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.45.

Omega Healthcare Investors stock opened at $27.76 on Tuesday. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 6.17 and a beta of 0.96. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average of $28.70. Omega Healthcare Investors has a twelve month low of $26.43 and a twelve month high of $39.31.

Omega Healthcare Investors (NYSE:OHIGet Rating) last released its quarterly earnings data on Wednesday, February 2nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.65). The company had revenue of $214.31 million during the quarter, compared to analyst estimates of $235.47 million. Omega Healthcare Investors had a net margin of 39.21% and a return on equity of 9.98%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 EPS. Research analysts expect that Omega Healthcare Investors will post 2.75 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of OHI. Fieldpoint Private Securities LLC boosted its holdings in Omega Healthcare Investors by 40.6% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,218 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 352 shares during the period. TD Asset Management Inc. boosted its holdings in Omega Healthcare Investors by 1.8% in the 3rd quarter. TD Asset Management Inc. now owns 20,670 shares of the real estate investment trust’s stock valued at $619,000 after purchasing an additional 360 shares during the period. Arrow Investment Advisors LLC boosted its holdings in Omega Healthcare Investors by 4.4% in the 4th quarter. Arrow Investment Advisors LLC now owns 8,640 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 365 shares during the period. CoreFirst Bank & Trust boosted its holdings in Omega Healthcare Investors by 26.2% in the 3rd quarter. CoreFirst Bank & Trust now owns 1,893 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 393 shares during the period. Finally, NEXT Financial Group Inc boosted its holdings in Omega Healthcare Investors by 125.1% in the 4th quarter. NEXT Financial Group Inc now owns 835 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 464 shares during the period. 64.93% of the stock is owned by institutional investors and hedge funds.

About Omega Healthcare Investors (Get Rating)

Omega is a real estate investment trust 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 US, as well as in the UK.

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