Omega Healthcare Investors (NYSE:OHI) Given New $39.00 Price Target at Truist Financial

Omega Healthcare Investors (NYSE:OHI) had its target price hoisted by research analysts at Truist Financial from $38.00 to $39.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price objective indicates a potential upside of 1.20% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Mizuho upped their target price on Omega Healthcare Investors from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Wells Fargo & Company reduced their price target on Omega Healthcare Investors from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. JMP Securities reissued a “market perform” rating on shares of Omega Healthcare Investors in a research note on Friday, February 7th. Finally, BMO Capital Markets raised Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.44.

Omega Healthcare Investors Price Performance

OHI stock traded up $0.32 on Tuesday, reaching $38.54. The company had a trading volume of 167,278 shares, compared to its average volume of 1,660,732. Omega Healthcare Investors has a 1 year low of $29.66 and a 1 year high of $44.42. The company has a debt-to-equity ratio of 1.02, a quick ratio of 7.07 and a current ratio of 7.07. The company’s fifty day moving average is $37.05 and its 200 day moving average is $38.93. The company has a market cap of $10.86 billion, a P/E ratio of 24.86, a PEG ratio of 1.09 and a beta of 1.00.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. On average, research analysts forecast that Omega Healthcare Investors will post 2.86 earnings per share for the current year.

Institutional Trading of Omega Healthcare Investors

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Omega Healthcare Investors by 994.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 554,286 shares of the real estate investment trust’s stock worth $20,980,000 after buying an additional 503,636 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Omega Healthcare Investors during the 4th quarter worth $61,000. GF Fund Management CO. LTD. acquired a new stake in shares of Omega Healthcare Investors during the 4th quarter worth $177,000. Public Employees Retirement System of Ohio increased its holdings in shares of Omega Healthcare Investors by 3.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 483,385 shares of the real estate investment trust’s stock worth $18,296,000 after buying an additional 16,187 shares during the last quarter. Finally, Novem Group acquired a new stake in shares of Omega Healthcare Investors during the 4th quarter worth $493,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

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.