Wells Fargo & Company Downgrades Omega Healthcare Investors (NYSE:OHI) to Equal Weight

Omega Healthcare Investors (NYSE:OHI) was downgraded by Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a $39.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $41.00. Wells Fargo & Company‘s price objective points to a potential upside of 2.43% from the stock’s previous close.

OHI has been the topic of a number of other research reports. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Truist Financial increased their price target on shares of Omega Healthcare Investors from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Mizuho boosted their price objective on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Monday, December 9th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $42.00.

Omega Healthcare Investors Price Performance

NYSE OHI opened at $38.08 on Thursday. The stock has a 50-day simple moving average of $37.11 and a 200 day simple moving average of $38.82. Omega Healthcare Investors has a twelve month low of $29.66 and a twelve month high of $44.42. The stock has a market capitalization of $10.73 billion, a PE ratio of 24.57, a P/E/G ratio of 1.09 and a beta of 1.00. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.33. Omega Healthcare Investors had a net margin of 38.65% and a return on equity of 9.71%. Research analysts anticipate that Omega Healthcare Investors will post 2.86 EPS for the current year.

Hedge Funds Weigh In On Omega Healthcare Investors

Several hedge funds and other institutional investors have recently modified their holdings of the business. Stonebridge Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at about $26,000. Dunhill Financial LLC bought a new position in Omega Healthcare Investors in the 3rd quarter valued at approximately $31,000. True Wealth Design LLC acquired a new stake in Omega Healthcare Investors during the 3rd quarter worth approximately $31,000. Grove Bank & Trust bought a new stake in Omega Healthcare Investors during the 4th quarter worth approximately $30,000. Finally, Kentucky Trust Co acquired a new position in Omega Healthcare Investors in the 4th quarter valued at approximately $38,000. Institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

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.