Omega Healthcare Investors (NYSE:OHI) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Omega Healthcare Investors (NYSE:OHI) in a research note published on Wednesday, December 20th, Marketbeat.com reports. The firm issued an overweight rating and a $34.00 price objective on the real estate investment trust’s stock.

“Operator issues come with the business. OHI is more exposed to skilled nursing than many of its peers, but challenged operators are not uncommon. We like skilled nursing and OHI’s management has many years of experience in the industry. We believe that skilled nursing is well-positioned as a post-acute provider to capitalize on the growing role of value-based reimbursement, and we believe that OHI’s problems with three operators will be resolved in 2018 as their portfolios are restructured or transitioned.”,” Cantor Fitzgerald’s analyst wrote.

OHI has been the topic of a number of other reports. TheStreet downgraded shares of Omega Healthcare Investors from a b- rating to a c rating in a research report on Monday, October 30th. Capital One Financial assumed coverage on shares of Omega Healthcare Investors in a research report on Monday, October 23rd. They set an equal weight rating and a $34.00 price objective on the stock. Vetr downgraded shares of Omega Healthcare Investors from a buy rating to a hold rating and set a $32.96 price objective on the stock. in a research report on Monday, October 30th. Zacks Investment Research downgraded shares of Omega Healthcare Investors from a hold rating to a sell rating in a research report on Thursday, September 28th. Finally, Hilliard Lyons downgraded shares of Omega Healthcare Investors to a buy rating in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $32.14.

Omega Healthcare Investors (NYSE OHI) traded down $0.48 during trading hours on Wednesday, hitting $26.12. 3,287,561 shares of the stock were exchanged, compared to its average volume of 2,290,000. The stock has a market cap of $5,150.00, a P/E ratio of 34.37, a PEG ratio of 2.75 and a beta of 0.49. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 1.18. Omega Healthcare Investors has a 12-month low of $26.06 and a 12-month high of $35.14.

In other news, Director Bernard J. Korman bought 100,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were bought at an average price of $26.89 per share, for a total transaction of $2,689,000.00. Following the purchase, the director now owns 896,895 shares in the company, valued at $24,117,506.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig R. Callen bought 10,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were purchased at an average price of $27.38 per share, for a total transaction of $273,800.00. The disclosure for this purchase can be found here. Insiders bought a total of 210,000 shares of company stock worth $5,786,800 in the last quarter. Company insiders own 1.54% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Omega Healthcare Investors by 2.3% during the 2nd 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 buying an additional 735,367 shares in the last quarter. BlackRock Inc. grew its holdings in Omega Healthcare Investors by 3.6% during the 2nd quarter. BlackRock Inc. now owns 20,606,999 shares of the real estate investment trust’s stock valued at $680,443,000 after buying an additional 717,086 shares in the last quarter. State Street Corp grew its holdings in Omega Healthcare Investors by 4.3% during the 2nd quarter. State Street Corp now owns 6,278,985 shares of the real estate investment trust’s stock valued at $207,335,000 after buying an additional 258,035 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Omega Healthcare Investors by 0.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,554,583 shares of the real estate investment trust’s stock valued at $177,245,000 after buying an additional 50,760 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Omega Healthcare Investors by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,941,987 shares of the real estate investment trust’s stock valued at $125,790,000 after buying an additional 113,042 shares in the last quarter. Institutional investors own 67.95% of the company’s stock.

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About Omega Healthcare Investors

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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