ValuEngine Downgrades Omega Healthcare Investors, Inc. (NYSE:OHI) to Hold

ValuEngine cut shares of Omega Healthcare Investors, Inc. (NYSE:OHI) from a buy rating to a hold rating in a report issued on Wednesday, September 6th.

A number of other brokerages have also commented on OHI. Zacks Investment Research lowered shares of Omega Healthcare Investors from a buy rating to a hold rating in a report on Wednesday, May 17th. BidaskClub lowered shares of Omega Healthcare Investors from a hold rating to a sell rating in a report on Saturday, August 5th. Finally, Jefferies Group LLC reiterated a hold rating and issued a $33.00 price objective on shares of Omega Healthcare Investors in a report on Friday, May 12th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. Omega Healthcare Investors has an average rating of Hold and a consensus price target of $34.38.

Shares of Omega Healthcare Investors (NYSE:OHI) opened at 32.85 on Wednesday. The firm has a market capitalization of $6.48 billion, a PE ratio of 17.34 and a beta of 0.51. Omega Healthcare Investors has a 1-year low of $28.11 and a 1-year high of $36.68. The firm has a 50-day moving average price of $31.50 and a 200-day moving average price of $32.50.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.16). Omega Healthcare Investors had a return on equity of 8.88% and a net margin of 40.20%. The firm had revenue of $194.00 million during the quarter, compared to analyst estimates of $194.59 million. During the same quarter in the prior year, the firm earned $0.87 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts forecast that Omega Healthcare Investors will post $1.77 EPS for the current fiscal year.

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In other news, COO Daniel J. Booth sold 20,000 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $34.65, for a total value of $693,000.00. Following the sale, the chief operating officer now owns 90,335 shares in the company, valued at approximately $3,130,107.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Robert O. Stephenson sold 23,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $34.58, for a total transaction of $795,340.00. Following the completion of the sale, the chief financial officer now owns 68,978 shares in the company, valued at approximately $2,385,259.24. The disclosure for this sale can be found here. Corporate insiders own 4.54% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. grew its position in shares of Omega Healthcare Investors by 167.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,432 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 2,150 shares during the last quarter. Ffcm LLC grew its position in shares of Omega Healthcare Investors by 197.6% during the 2nd quarter. Ffcm LLC now owns 3,402 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 2,259 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Omega Healthcare Investors by 656.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,015 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 5,220 shares during the last quarter. South Texas Money Management Ltd. bought a new stake in shares of Omega Healthcare Investors during the 1st quarter valued at about $207,000. Finally, ARP Americas LLC bought a new stake in shares of Omega Healthcare Investors during the 2nd quarter valued at about $218,000. 74.60% of the stock is owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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