Omega Healthcare Investors (NYSE:OHI) Given New $41.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has increased its price target for Omega Healthcare Investors from $39.00 to $41.00, indicating a potential upside of 1.27% from the current stock price.
• Wells Fargo has upgraded Omega Healthcare Investors from "equal weight" to "overweight," also setting a price target of $41.00.
• The stock has a consensus rating of "Hold" from analysts, with an average price target of $42.00 and reported earnings of $0.77 per share, exceeding expectations significantly.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) had its price objective increased by equities researchers at Royal Bank Of Canada from $39.00 to $41.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "sector perform" rating on the real estate investment trust's stock. Royal Bank Of Canada's price target would indicate a potential upside of 1.27% from the stock's current price.

Separately, Wells Fargo & Company raised shares of Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $38.00 to $41.00 in a research report on Monday, July 14th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $42.00.

Omega Healthcare Investors Price Performance

Shares of OHI stock traded up $0.14 during trading hours on Thursday, reaching $40.49. The company's stock had a trading volume of 482,118 shares, compared to its average volume of 2,404,302. Omega Healthcare Investors has a fifty-two week low of $35.04 and a fifty-two week high of $44.42. The firm's 50 day simple moving average is $37.50 and its 200-day simple moving average is $37.29. The company has a quick ratio of 6.58, a current ratio of 7.10 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $11.72 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.77 and a beta of 0.66.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.32. The firm had revenue of $235.60 million for the quarter, compared to analyst estimates of $248.49 million. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The company's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.71 earnings per share. Sell-side analysts forecast that Omega Healthcare Investors will post 2.86 earnings per share for the current year.

Institutional Trading of Omega Healthcare Investors

Several large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in Omega Healthcare Investors by 7.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,182 shares of the real estate investment trust's stock valued at $153,000 after purchasing an additional 279 shares during the last quarter. United Services Automobile Association boosted its holdings in shares of Omega Healthcare Investors by 1.8% in the 1st quarter. United Services Automobile Association now owns 16,598 shares of the real estate investment trust's stock valued at $632,000 after buying an additional 291 shares in the last quarter. Optimum Investment Advisors grew its position in shares of Omega Healthcare Investors by 8.9% during the first quarter. Optimum Investment Advisors now owns 3,666 shares of the real estate investment trust's stock worth $140,000 after acquiring an additional 300 shares during the last quarter. Bessemer Group Inc. increased its stake in Omega Healthcare Investors by 5.9% in the 4th quarter. Bessemer Group Inc. now owns 5,443 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 303 shares during the period. Finally, CreativeOne Wealth LLC lifted its holdings in shares of Omega Healthcare Investors by 3.4% in the 1st quarter. CreativeOne Wealth LLC now owns 9,487 shares of the real estate investment trust's stock valued at $361,000 after buying an additional 310 shares during the period. Hedge funds and other 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.

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