Zacks Investment Research Downgrades Omega Healthcare Investors (NYSE:OHI) to Hold

Thursday, April 8, 2021 | MarketBeat

Omega Healthcare Investors (NYSE:OHI) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, "Omega Healthcare Investors, Inc. was incorporated in the State of Maryland. It is a self-administered real estate investment trust (REIT), investing in income producing healthcare facilities, principally long-term care facilities located in the United States (U.S.) and the United Kingdom (U.K.). The Company provide lease or mortgage financing to qualified operators of skilled nursing facilities (SNFs) and, to a lesser extent, assisted living facilities (ALFs), independent living facilities and rehabilitation and acute care facilities. It has historically financed investments through borrowings under its revolving credit facilities, private placements or public offerings of its debt and equity securities, the assumption of secured indebtedness, retention of cash flow, or a combination of these methods. "

A number of other brokerages have also recently issued reports on OHI. TheStreet upgraded Omega Healthcare Investors from a "c+" rating to a "b-" rating in a report on Monday. Wells Fargo & Company raised Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $33.00 to $39.00 in a research report on Thursday, December 10th. Smith Barney Citigroup raised their target price on Omega Healthcare Investors from $30.00 to $37.00 in a research report on Tuesday, December 15th. Jefferies Financial Group raised Omega Healthcare Investors from a "hold" rating to a "buy" rating and raised their target price for the stock from $35.00 to $40.00 in a research report on Wednesday, January 13th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on Omega Healthcare Investors from $30.00 to $37.00 in a research report on Tuesday, December 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of "Buy" and a consensus target price of $36.03.

OHI stock opened at $39.16 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.40 and a current ratio of 3.40. Omega Healthcare Investors has a 1 year low of $23.89 and a 1 year high of $39.19. The firm has a market cap of $9.08 billion, a P/E ratio of 56.75, a price-to-earnings-growth ratio of 2.47 and a beta of 1.03. The stock has a 50-day simple moving average of $37.41 and a 200-day simple moving average of $35.12.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Thursday, February 4th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.52). Omega Healthcare Investors had a return on equity of 3.78% and a net margin of 17.99%. On average, equities research analysts predict that Omega Healthcare Investors will post 3.15 EPS for the current year.

In related news, COO Daniel J. Booth sold 25,000 shares of the company's stock in a transaction on Tuesday, March 30th. The shares were sold at an average price of $37.11, for a total value of $927,750.00. Following the completion of the sale, the chief operating officer now owns 147,530 shares in the company, valued at approximately $5,474,838.30. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders purchased 1,500 shares of company stock valued at $55,695. 1.16% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV increased its holdings in Omega Healthcare Investors by 1.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 19,959 shares of the real estate investment trust's stock worth $725,000 after purchasing an additional 270 shares in the last quarter. Financial Engines Advisors L.L.C. boosted its stake in shares of Omega Healthcare Investors by 1.4% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 22,608 shares of the real estate investment trust's stock worth $821,000 after buying an additional 314 shares during the last quarter. Capital Investment Advisory Services LLC boosted its stake in shares of Omega Healthcare Investors by 3.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 9,905 shares of the real estate investment trust's stock worth $360,000 after buying an additional 346 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its stake in shares of Omega Healthcare Investors by 38.3% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,335 shares of the real estate investment trust's stock worth $48,000 after buying an additional 370 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Omega Healthcare Investors by 7.0% during the 4th quarter. GSA Capital Partners LLP now owns 7,376 shares of the real estate investment trust's stock worth $268,000 after buying an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 69.46% 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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