TheStreet Upgrades Omega Healthcare Investors (OHI) to “B-“

Omega Healthcare Investors (NYSE:OHI) was upgraded by stock analysts at TheStreet from a “c” rating to a “b-” rating in a report issued on Thursday.

A number of other brokerages have also recently commented on OHI. MED upped their price target on shares of Omega Healthcare Investors to $34.00 and gave the company a “neutral” rating in a research report on Monday, November 5th. Stifel Nicolaus set a $34.00 price objective on shares of Omega Healthcare Investors and gave the stock a “hold” rating in a research report on Monday, November 5th. Zacks Investment Research raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of Omega Healthcare Investors in a research report on Tuesday, October 2nd. Finally, ValuEngine raised shares of Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Omega Healthcare Investors currently has a consensus rating of “Hold” and an average target price of $31.17.

OHI traded down $0.06 during trading on Thursday, reaching $35.18. 1,428,982 shares of the stock traded hands, compared to its average volume of 2,107,648. The company has a current ratio of 4.17, a quick ratio of 4.03 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $7.04 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 5.93 and a beta of 0.13. Omega Healthcare Investors has a 12 month low of $24.90 and a 12 month high of $35.38.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.46). The firm had revenue of $192.30 million for the quarter, compared to the consensus estimate of $194.40 million. Omega Healthcare Investors had a net margin of 31.91% and a return on equity of 7.32%. The business’s revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.79 EPS. As a group, research analysts predict that Omega Healthcare Investors will post 2.96 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in OHI. Principal Financial Group Inc. boosted its position in shares of Omega Healthcare Investors by 8.2% during the 1st quarter. Principal Financial Group Inc. now owns 7,168,488 shares of the real estate investment trust’s stock worth $193,837,000 after purchasing an additional 541,017 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Omega Healthcare Investors by 17.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 90,731 shares of the real estate investment trust’s stock worth $2,811,000 after purchasing an additional 13,640 shares in the last quarter. Mckinley Capital Management LLC Delaware boosted its position in shares of Omega Healthcare Investors by 78.7% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 47,413 shares of the real estate investment trust’s stock worth $1,469,000 after purchasing an additional 20,886 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Omega Healthcare Investors by 6.9% during the 2nd quarter. Bank of Montreal Can now owns 40,184 shares of the real estate investment trust’s stock worth $1,247,000 after purchasing an additional 2,595 shares in the last quarter. Finally, Scout Investments Inc. boosted its position in shares of Omega Healthcare Investors by 355.2% during the 2nd quarter. Scout Investments Inc. now owns 1,130,335 shares of the real estate investment trust’s stock worth $35,040,000 after purchasing an additional 882,039 shares in the last quarter. 72.54% of the stock is currently owned by institutional investors.

About Omega Healthcare Investors

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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