Omega Healthcare Investors (NYSE:OHI) Given New $47.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo raised its price target on Omega Healthcare Investors from $45 to $47 while maintaining an "equal weight" rating, implying roughly a 4.6% upside from the stock's then-current price.
• The analyst consensus is a “Moderate Buy” with a $48 average target, though views vary—Goldman Sachs initiated coverage with a $54 buy and the mix of ratings includes one Strong Buy, five Buy and seven Hold.
• On the day of the report OHI traded at $44.96; the REIT has a market cap of $13.29 billion, a P/E of 23.29, debt/equity of 0.78 and about 65% institutional ownership.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) had its price target lifted by Wells Fargo & Company from $45.00 to $47.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target indicates a potential upside of 4.55% from the stock's current price.

Other equities analysts have also issued reports about the company. Weiss Ratings raised Omega Healthcare Investors from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Friday, March 20th. Jefferies Financial Group reiterated a "hold" rating and issued a $45.00 price objective on shares of Omega Healthcare Investors in a research note on Monday, December 15th. Scotiabank boosted their target price on shares of Omega Healthcare Investors from $45.00 to $48.00 and gave the company a "sector perform" rating in a research report on Monday, March 2nd. The Goldman Sachs Group initiated coverage on shares of Omega Healthcare Investors in a research note on Friday, January 9th. They set a "buy" rating and a $54.00 target price on the stock. Finally, Truist Financial raised their price target on shares of Omega Healthcare Investors from $46.00 to $48.00 and gave the stock a "hold" rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.00.

Omega Healthcare Investors Trading Up 0.5%

NYSE OHI traded up $0.23 during trading hours on Thursday, hitting $44.96. 190,922 shares of the company's stock were exchanged, compared to its average volume of 2,009,670. The stock has a 50-day simple moving average of $45.98 and a 200 day simple moving average of $44.09. Omega Healthcare Investors has a 1-year low of $35.04 and a 1-year high of $49.14. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 1.88 and a beta of 0.54. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.78.

Hedge Funds Weigh In On Omega Healthcare Investors

A number of institutional investors have recently modified their holdings of the company. Resources Management Corp CT ADV grew its position in Omega Healthcare Investors by 300.0% in the 4th quarter. Resources Management Corp CT ADV now owns 600 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 450 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Omega Healthcare Investors during the fourth quarter worth $37,000. Salem Investment Counselors Inc. bought a new position in shares of Omega Healthcare Investors in the third quarter valued at $39,000. Smartleaf Asset Management LLC lifted its stake in shares of Omega Healthcare Investors by 40.9% in the second quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 268 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in shares of Omega Healthcare Investors by 283.7% during the fourth quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 698 shares during the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company's core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.

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