Cantor Fitzgerald Begins Coverage on Omega Healthcare Investors (NYSE:OHI)

Research analysts at Cantor Fitzgerald started coverage on shares of Omega Healthcare Investors (NYSE:OHI) in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $50.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s price target points to a potential upside of 20.21% from the stock’s previous close.

Several other research firms have also issued reports on OHI. Mizuho lifted their price target on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Wells Fargo & Company raised their price objective on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Raymond James Financial reaffirmed an “outperform” rating on shares of Omega Healthcare Investors in a research note on Tuesday, September 2nd. Truist Financial raised their price objective on shares of Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Finally, Scotiabank raised their price objective on shares of Omega Healthcare Investors from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.44.

Omega Healthcare Investors Trading Down 1.7%

Omega Healthcare Investors stock opened at $41.60 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.22 and a beta of 0.70. Omega Healthcare Investors has a 1 year low of $35.04 and a 1 year high of $44.42. The firm’s 50 day moving average price is $41.38 and its two-hundred day moving average price is $38.68.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.32. The firm had revenue of $235.60 million for the quarter, compared to analyst estimates of $248.49 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. Omega Healthcare Investors has set its FY 2025 guidance at 3.040-3.070 EPS. On average, research analysts predict that Omega Healthcare Investors will post 2.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other Omega Healthcare Investors news, Director Lisa Egbuonu-Davis sold 2,500 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $40.16, for a total transaction of $100,400.00. Following the completion of the transaction, the director owned 18,654 shares of the company’s stock, valued at $749,144.64. The trade was a 11.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OHI. Caitong International Asset Management Co. Ltd bought a new position in shares of Omega Healthcare Investors during the 2nd quarter worth about $26,000. NBC Securities Inc. bought a new position in shares of Omega Healthcare Investors during the 1st quarter worth about $29,000. Smartleaf Asset Management LLC increased its holdings in shares of Omega Healthcare Investors by 40.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 268 shares during the period. CENTRAL TRUST Co increased its stake in Omega Healthcare Investors by 1,654.4% in the second quarter. CENTRAL TRUST Co now owns 1,000 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 943 shares during the period. Finally, Bayforest Capital Ltd increased its stake in Omega Healthcare Investors by 395.2% in the second quarter. Bayforest Capital Ltd now owns 1,129 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 901 shares during the period. Institutional investors own 65.25% of the company’s stock.

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.