JMP Securities Reaffirms Market Perform Rating for Omega Healthcare Investors (NYSE:OHI)

Omega Healthcare Investors (NYSE:OHI - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities research analysts at JMP Securities in a research note issued to investors on Monday, Benzinga reports.

A number of other equities research analysts have also recently weighed in on OHI. Citigroup upgraded Omega Healthcare Investors from a "neutral" rating to a "buy" rating and upped their price target for the stock from $32.00 to $35.00 in a report on Friday, March 22nd. Truist Financial lifted their price target on Omega Healthcare Investors from $31.00 to $32.00 and gave the stock a "hold" rating in a research note on Tuesday, April 2nd. Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $31.00 to $35.00 in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Omega Healthcare Investors in a research report on Tuesday, January 30th. They set a "buy" rating and a $36.00 target price for the company. Finally, Bank of America lowered shares of Omega Healthcare Investors from a "buy" rating to a "neutral" rating and lowered their price target for the company from $33.00 to $31.00 in a research report on Tuesday, January 16th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $33.63.

Omega Healthcare Investors Price Performance

Shares of NYSE OHI traded down $0.20 during midday trading on Monday, hitting $31.14. The company had a trading volume of 1,599,504 shares, compared to its average volume of 1,749,388. The company has a quick ratio of 6.76, a current ratio of 6.68 and a debt-to-equity ratio of 1.36. The business has a 50-day simple moving average of $30.97 and a two-hundred day simple moving average of $30.96. Omega Healthcare Investors has a twelve month low of $27.53 and a twelve month high of $34.77. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 10.26 and a beta of 0.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Peoples Bank KS acquired a new position in shares of Omega Healthcare Investors during the 3rd quarter valued at about $33,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Omega Healthcare Investors during the 4th quarter worth about $31,000. NBC Securities Inc. purchased a new stake in shares of Omega Healthcare Investors during the 3rd quarter worth about $34,000. GAMMA Investing LLC purchased a new stake in shares of Omega Healthcare Investors during the 4th quarter worth about $35,000. Finally, WFA Asset Management Corp purchased a new stake in shares of Omega Healthcare Investors during the 1st quarter worth about $39,000. Institutional investors and hedge funds own 65.25% of the company's stock.

About Omega Healthcare Investors

Omega is a REIT 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 U.S., as well as in the U.K.