Scotiabank Forecasts Strong Price Appreciation for Omega Healthcare Investors (NYSE:OHI) Stock

Omega Healthcare Investors (NYSE:OHI) had its price target hoisted by investment analysts at Scotiabank from $45.00 to $48.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price indicates a potential downside of 0.46% from the stock’s current price.

A number of other equities research analysts have also issued reports on OHI. The Goldman Sachs Group initiated coverage on shares of Omega Healthcare Investors in a report on Friday, January 9th. They issued a “buy” rating and a $54.00 price target on the stock. Weiss Ratings raised Omega Healthcare Investors from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, January 26th. Cantor Fitzgerald boosted their price target on Omega Healthcare Investors from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Wells Fargo & Company cut Omega Healthcare Investors from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $48.00 to $45.00 in a report on Thursday, January 29th. Finally, BMO Capital Markets lowered Omega Healthcare Investors from an “outperform” rating to a “market perform” rating and set a $45.00 price target for the company. in a research note on Friday, January 9th. One 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. According to data from MarketBeat.com, Omega Healthcare Investors presently has an average rating of “Moderate Buy” and an average target price of $47.64.

Omega Healthcare Investors Trading Down 0.1%

Shares of NYSE OHI traded down $0.05 during midday trading on Monday, reaching $48.22. The company had a trading volume of 650,879 shares, compared to its average volume of 2,068,664. The stock has a market cap of $14.25 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 1.56 and a beta of 0.54. Omega Healthcare Investors has a one year low of $35.04 and a one year high of $49.14. The firm’s fifty day moving average price is $45.02 and its 200-day moving average price is $43.48. The company has a quick ratio of 5.04, a current 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 added to or reduced their stakes in OHI. Royal Bank of Canada boosted its holdings in shares of Omega Healthcare Investors by 29.4% during the 1st quarter. Royal Bank of Canada now owns 144,339 shares of the real estate investment trust’s stock valued at $5,496,000 after buying an additional 32,798 shares in the last quarter. Focus Partners Wealth lifted its position in Omega Healthcare Investors by 3.1% during the 1st quarter. Focus Partners Wealth now owns 19,862 shares of the real estate investment trust’s stock valued at $756,000 after acquiring an additional 597 shares during the period. Sivia Capital Partners LLC bought a new stake in Omega Healthcare Investors during the second quarter worth about $257,000. Hantz Financial Services Inc. grew its holdings in Omega Healthcare Investors by 39.4% in the second quarter. Hantz Financial Services Inc. now owns 5,928 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 1,675 shares during the period. Finally, State of Michigan Retirement System grew its holdings in Omega Healthcare Investors by 3.1% in the second quarter. State of Michigan Retirement System now owns 69,563 shares of the real estate investment trust’s stock worth $2,549,000 after purchasing an additional 2,100 shares during the period. Institutional investors own 65.25% of the company’s stock.

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.