Omega Healthcare Investors (NYSE:OHI) Downgraded to Equal Weight Rating by Wells Fargo & Company

Wells Fargo & Company downgraded shares of Omega Healthcare Investors (NYSE:OHI) from an overweight rating to an equal weight rating in a research report report published on Thursday, Marketbeat reports. The brokerage currently has $45.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $48.00.

Other equities research analysts have also recently issued research reports about the company. Citigroup reissued a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Omega Healthcare Investors in a research note on Wednesday, November 12th. Cantor Fitzgerald initiated coverage on shares of Omega Healthcare Investors in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 price target for the company. Truist Financial boosted their price target on shares of Omega Healthcare Investors from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, December 1st. The Goldman Sachs Group assumed coverage on shares of Omega Healthcare Investors in a research note on Friday, January 9th. They issued a “buy” rating and a $54.00 price objective on the stock. Finally, UBS Group lifted their price objective on shares of Omega Healthcare Investors from $50.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.82.

Omega Healthcare Investors Trading Up 0.5%

OHI opened at $43.38 on Thursday. The company has a fifty day moving average price of $44.60 and a two-hundred day moving average price of $42.40. Omega Healthcare Investors has a 1-year low of $35.04 and a 1-year high of $46.36. The company has a market cap of $12.82 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 1.39 and a beta of 0.57. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.95.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Omega Healthcare Investors had a net margin of 46.83% and a return on equity of 10.72%. The company had revenue of $311.59 million for the quarter, compared to analysts’ expectations of $262.48 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue was up 14.4% on a year-over-year basis. Analysts predict that Omega Healthcare Investors will post 2.86 EPS for the current fiscal year.

Insider Activity

In other news, CIO Vikas Gupta acquired 11,500 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average price of $42.97 per share, for a total transaction of $494,155.00. Following the purchase, the executive owned 13,773 shares in the company, valued at approximately $591,825.81. This represents a 505.94% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Taylor Pickett bought 20,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were purchased at an average cost of $43.14 per share, for a total transaction of $862,800.00. Following the transaction, the chief executive officer owned 20,000 shares in the company, valued at approximately $862,800. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Omega Healthcare Investors

Several institutional investors have recently modified their holdings of the business. GeoWealth Management LLC boosted its position in Omega Healthcare Investors by 1.3% in the third quarter. GeoWealth Management LLC now owns 18,850 shares of the real estate investment trust’s stock worth $796,000 after purchasing an additional 239 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Omega Healthcare Investors by 3.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 8,184 shares of the real estate investment trust’s stock worth $363,000 after buying an additional 262 shares during the last quarter. Inscription Capital LLC boosted its holdings in shares of Omega Healthcare Investors by 0.9% in the 4th quarter. Inscription Capital LLC now owns 29,814 shares of the real estate investment trust’s stock worth $1,322,000 after buying an additional 268 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Omega Healthcare Investors by 40.9% during the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 268 shares during the period. Finally, DAVENPORT & Co LLC increased its holdings in Omega Healthcare Investors by 2.1% during the fourth quarter. DAVENPORT & Co LLC now owns 13,035 shares of the real estate investment trust’s stock worth $578,000 after buying an additional 272 shares during the last quarter. 65.25% of the stock is owned by institutional investors.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.