Omega Healthcare Investors' (OHI) "Underperform" Rating Reaffirmed at Bank of America

Key Points

• Bank of America reaffirmed an "Underperform" rating on Omega Healthcare and cut its price target to $46 from $52, implying roughly a 1.37% upside from the current share price.
• Analyst coverage is mixed—six Buy, seven Hold and one Sell—giving a consensus rating of Hold and an average price target of $47.83.
• Shares opened at $45.38, trade in a 52‑week range of $35.08–$49.14, the company has a market cap of $13.41 billion, and about 65.25% of the stock is held by institutional investors.

Omega Healthcare Investors (NYSE:OHI - Get Free Report)'s stock had its "underperform" rating reaffirmed by equities researchers at Bank of America in a report released on Tuesday,Benzinga reports. They presently have a $46.00 target price on the real estate investment trust's stock, down from their prior target price of $52.00. Bank of America's price objective would suggest a potential upside of 1.37% from the company's current price.

OHI has been the topic of several other research reports. Cantor Fitzgerald boosted their target price on shares of Omega Healthcare Investors from $50.00 to $52.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 10th. Weiss Ratings downgraded shares of Omega Healthcare Investors from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Monday, April 6th. Royal Bank Of Canada boosted their target price on shares of Omega Healthcare Investors from $44.00 to $47.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 10th. UBS Group reissued a "buy" rating and set a $52.00 target price on shares of Omega Healthcare Investors in a research report on Friday, February 6th. Finally, The Goldman Sachs Group began coverage on shares of Omega Healthcare Investors in a research report on Friday, January 9th. They set a "buy" rating and a $54.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $47.83.

Omega Healthcare Investors Stock Down 0.9%

Shares of Omega Healthcare Investors stock opened at $45.38 on Tuesday. The firm's 50 day moving average price is $46.24 and its 200-day moving average price is $44.37. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.78. Omega Healthcare Investors has a 52-week low of $35.08 and a 52-week high of $49.14. The company has a market cap of $13.41 billion, a P/E ratio of 23.51, a PEG ratio of 1.94 and a beta of 0.59.

Institutional Trading of Omega Healthcare Investors

Institutional investors and hedge funds have recently bought and sold shares of the business. Resources Management Corp CT ADV lifted its stake in Omega Healthcare Investors by 300.0% during 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 acquiring an additional 450 shares during the period. Smartleaf Asset Management LLC lifted its stake in Omega Healthcare Investors by 40.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 924 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 268 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Omega Healthcare Investors during the 4th quarter valued at approximately $37,000. Salem Investment Counselors Inc. acquired a new stake in Omega Healthcare Investors during the 3rd quarter valued at approximately $39,000. Finally, Rothschild Investment LLC lifted its stake in Omega Healthcare Investors by 283.7% during the 4th quarter. Rothschild Investment LLC now owns 944 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 698 shares during the period. 65.25% of the stock is currently 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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