Zacks Investment Research Upgrades Omega Healthcare Investors (NYSE:OHI) to Buy

Omega Healthcare Investors (NYSE:OHI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday, Zacks.com reports. The brokerage presently has a $42.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s target price indicates a potential upside of 13.09% from the stock’s current price.

According to Zacks, “Omega Healthcare Investors, Inc. was incorporated in the State of Maryland. It is a self-administered real estate investment trust (REIT), investing in income producing healthcare facilities, principally long-term care facilities located in the United States (U.S.) and the United Kingdom (U.K.). The Company provide lease or mortgage financing to qualified operators of skilled nursing facilities (SNFs) and, to a lesser extent, assisted living facilities (ALFs), independent living facilities and rehabilitation and acute care facilities. It has historically financed investments through borrowings under its revolving credit facilities, private placements or public offerings of its debt and equity securities, the assumption of secured indebtedness, retention of cash flow, or a combination of these methods. “

Other research analysts have also issued reports about the stock. Jefferies Financial Group upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $40.00 in a research note on Wednesday, January 13th. TheStreet raised Omega Healthcare Investors from a “c+” rating to a “b-” rating in a report on Monday, April 5th. Finally, Mizuho lowered Omega Healthcare Investors from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a report on Wednesday, January 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Omega Healthcare Investors has a consensus rating of “Buy” and an average target price of $35.90.

Omega Healthcare Investors stock opened at $37.14 on Thursday. The stock has a 50 day moving average of $37.52 and a two-hundred day moving average of $35.39. Omega Healthcare Investors has a twelve month low of $23.89 and a twelve month high of $39.24. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 53.83, a PEG ratio of 2.47 and a beta of 1.03. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 1.31.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Thursday, February 4th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.52). Omega Healthcare Investors had a net margin of 17.99% and a return on equity of 3.78%. Equities analysts predict that Omega Healthcare Investors will post 3.15 earnings per share for the current year.

In other Omega Healthcare Investors news, COO Daniel J. Booth sold 25,000 shares of Omega Healthcare Investors stock in a transaction that occurred on Tuesday, March 30th. The shares were sold at an average price of $37.11, for a total transaction of $927,750.00. Following the transaction, the chief operating officer now directly owns 147,530 shares of the company’s stock, valued at $5,474,838.30. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders purchased 1,500 shares of company stock worth $55,695 in the last 90 days. 1.16% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Penbrook Management LLC purchased a new position in Omega Healthcare Investors in the 4th quarter worth approximately $31,000. Perigon Wealth Management LLC acquired a new stake in Omega Healthcare Investors during the 4th quarter valued at $31,000. Manchester Financial Inc. purchased a new stake in Omega Healthcare Investors during the 4th quarter worth $33,000. Curi Capital acquired a new position in Omega Healthcare Investors in the 4th quarter worth $36,000. Finally, Fieldpoint Private Securities LLC purchased a new position in Omega Healthcare Investors in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

About Omega Healthcare Investors

Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the US, as well as in the UK.

Featured Article: What is a good dividend yield?

Get a free copy of the Zacks research report on Omega Healthcare Investors (OHI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.