Omega Healthcare Investors (NYSE:OHI) Receives New Coverage from Analysts at Berenberg Bank

Berenberg Bank assumed coverage on shares of Omega Healthcare Investors (NYSE:OHI) in a research note released on Thursday, The Fly reports. The brokerage issued a buy rating and a $47.00 price objective on the real estate investment trust’s stock.

Several other analysts have also recently weighed in on OHI. Wells Fargo & Co lifted their price target on Omega Healthcare Investors from $36.00 to $40.00 and gave the stock a market perform rating in a report on Friday, August 23rd. Raymond James lifted their price target on Omega Healthcare Investors from $42.00 to $44.00 and gave the stock a strong-buy rating in a report on Thursday. Finally, Zacks Investment Research cut Omega Healthcare Investors from a buy rating to a hold rating in a report on Wednesday, August 21st. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $40.04.

NYSE:OHI opened at $40.52 on Thursday. The stock has a market cap of $8.98 billion, a P/E ratio of 13.33, a PEG ratio of 5.45 and a beta of 0.37. The stock has a 50 day simple moving average of $39.02 and a 200 day simple moving average of $37.20. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 1.17. Omega Healthcare Investors has a 1-year low of $31.69 and a 1-year high of $41.67.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.39). The firm had revenue of $191.81 million for the quarter, compared to analyst estimates of $190.46 million. Omega Healthcare Investors had a return on equity of 6.79% and a net margin of 29.38%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. As a group, sell-side analysts forecast that Omega Healthcare Investors will post 2.96 EPS for the current year.

In related news, CEO C Taylor Pickett sold 30,000 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $38.00, for a total transaction of $1,140,000.00. Following the sale, the chief executive officer now owns 269,133 shares in the company, valued at approximately $10,227,054. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert O. Stephenson sold 10,000 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $38.00, for a total value of $380,000.00. Following the sale, the chief financial officer now owns 223,326 shares in the company, valued at approximately $8,486,388. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,500 shares of company stock worth $4,586,300. Corporate insiders own 1.16% of the company’s stock.

A number of hedge funds have recently modified their holdings of OHI. Geode Capital Management LLC grew its position in Omega Healthcare Investors by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 2,312,184 shares of the real estate investment trust’s stock worth $81,791,000 after acquiring an additional 171,333 shares during the last quarter. Bank of Montreal Can grew its position in Omega Healthcare Investors by 1.0% during the 1st quarter. Bank of Montreal Can now owns 49,995 shares of the real estate investment trust’s stock worth $1,907,000 after acquiring an additional 507 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Omega Healthcare Investors by 4.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 257,117 shares of the real estate investment trust’s stock worth $9,809,000 after acquiring an additional 10,890 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in Omega Healthcare Investors by 6.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 14,743 shares of the real estate investment trust’s stock worth $562,000 after acquiring an additional 869 shares during the last quarter. Finally, First Allied Advisory Services Inc. grew its position in Omega Healthcare Investors by 72.1% during the 1st quarter. First Allied Advisory Services Inc. now owns 22,042 shares of the real estate investment trust’s stock worth $842,000 after acquiring an additional 9,231 shares during the last quarter. Institutional investors and hedge funds own 69.85% of the company’s stock.

Omega Healthcare Investors Company Profile

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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