Wells Fargo & Company Cuts Omega Healthcare Investors (NYSE:OHI) Price Target to $41.00

Omega Healthcare Investors (NYSE:OHI) had its target price reduced by investment analysts at Wells Fargo & Company from $43.00 to $41.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 8.48% from the stock’s current price.

A number of other equities analysts also recently weighed in on OHI. Royal Bank of Canada boosted their target price on Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. 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 research report on Monday, December 9th. JMP Securities reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a research report on Friday, February 7th. Finally, Mizuho boosted their price target on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.44.

Omega Healthcare Investors Stock Up 2.5 %

NYSE OHI traded up $0.91 during trading hours on Monday, hitting $37.80. The company’s stock had a trading volume of 108,033 shares, compared to its average volume of 2,006,259. The company has a market capitalization of $10.65 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. The company has a current ratio of 7.07, a quick ratio of 7.07 and a debt-to-equity ratio of 1.02. Omega Healthcare Investors has a 52 week low of $29.66 and a 52 week high of $44.42. The company’s 50-day simple moving average is $37.11 and its two-hundred day simple moving average is $39.00.

Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, beating 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 fiscal year.

Hedge Funds Weigh In On Omega Healthcare Investors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OHI. Park Square Financial Group LLC purchased a new stake in shares of Omega Healthcare Investors during the 4th quarter valued at approximately $61,000. GF Fund Management CO. LTD. purchased a new stake in shares of Omega Healthcare Investors during the fourth quarter worth $177,000. Public Employees Retirement System of Ohio lifted its position in shares of Omega Healthcare Investors by 3.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 483,385 shares of the real estate investment trust’s stock worth $18,296,000 after acquiring an additional 16,187 shares in the last quarter. Novem Group bought a new position in shares of Omega Healthcare Investors in the fourth quarter worth $493,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Omega Healthcare Investors by 10.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,837,732 shares of the real estate investment trust’s stock valued at $69,558,000 after purchasing an additional 175,768 shares in the last quarter. 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.