Omega Healthcare Investors, Inc. (OHI) Rating Increased to Buy at ValuEngine
Omega Healthcare Investors, Inc. (NYSE:OHI) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday.
Other equities analysts have also recently issued reports about the company. BidaskClub upgraded Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $33.63.
Shares of Omega Healthcare Investors (NYSE:OHI) opened at 31.70 on Monday. The firm has a market capitalization of $6.25 billion, a P/E ratio of 16.73 and a beta of 0.53. Omega Healthcare Investors has a 12-month low of $28.11 and a 12-month high of $35.14. The stock has a 50 day moving average price of $31.89 and a 200 day moving average price of $32.53.
Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.16). Omega Healthcare Investors had a net margin of 40.20% and a return on equity of 8.88%. The firm had revenue of $194.00 million during the quarter, compared to the consensus estimate of $194.59 million. During the same period in the prior year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts anticipate that Omega Healthcare Investors will post $1.77 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Omega Healthcare Investors by 2.3% during the second quarter. Vanguard Group Inc. now owns 32,497,878 shares of the real estate investment trust’s stock valued at $1,073,080,000 after purchasing an additional 735,367 shares in the last quarter. BlackRock Inc. lifted its holdings in Omega Healthcare Investors by 3.6% in the second quarter. BlackRock Inc. now owns 20,606,999 shares of the real estate investment trust’s stock worth $680,443,000 after purchasing an additional 717,086 shares during the period. State Street Corp lifted its holdings in Omega Healthcare Investors by 4.3% in the second quarter. State Street Corp now owns 6,278,985 shares of the real estate investment trust’s stock worth $207,335,000 after purchasing an additional 258,035 shares during the period. Principal Financial Group Inc. lifted its holdings in Omega Healthcare Investors by 137.5% in the second quarter. Principal Financial Group Inc. now owns 5,503,823 shares of the real estate investment trust’s stock worth $181,736,000 after purchasing an additional 3,186,783 shares during the period. Finally, Morgan Stanley lifted its holdings in Omega Healthcare Investors by 1.6% in the first quarter. Morgan Stanley now owns 3,687,995 shares of the real estate investment trust’s stock worth $121,667,000 after purchasing an additional 59,077 shares during the period. Hedge funds and other institutional investors own 72.84% of the company’s stock.
Omega Healthcare Investors Company Profile
Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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