Hilliard Lyons Downgrades Omega Healthcare Investors, Inc. (OHI) to Buy
Omega Healthcare Investors, Inc. (NYSE:OHI) was downgraded by analysts at Hilliard Lyons to a “buy” rating in a research note issued to investors on Wednesday.
Other equities analysts have also recently issued reports about the company. ValuEngine upgraded Omega Healthcare Investors from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded Omega Healthcare Investors from a “sell” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Wednesday, October 4th. TheStreet cut Omega Healthcare Investors from a “b-” rating to a “c” rating in a report on Monday. Capital One Financial Corporation reiterated an “equal weight” rating on shares of Omega Healthcare Investors in a report on Sunday, October 22nd. Finally, Stifel Nicolaus cut Omega Healthcare Investors from a “buy” rating to a “hold” rating and cut their target price for the stock from $35.00 to $29.00 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Omega Healthcare Investors currently has a consensus rating of “Hold” and a consensus price target of $31.83.
Omega Healthcare Investors (NYSE:OHI) traded up $0.32 during trading on Wednesday, hitting $28.38. The company’s stock had a trading volume of 1,748,648 shares, compared to its average volume of 2,971,450. The stock has a market cap of $5.52 billion, a P/E ratio of 8.20 and a beta of 0.53.
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In related news, Director Bernard J. Korman acquired 100,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were acquired at an average cost of $28.24 per share, for a total transaction of $2,824,000.00. Following the purchase, the director now owns 903,895 shares in the company, valued at $25,525,994.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Craig R. Callen acquired 10,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were bought at an average price of $27.38 per share, for a total transaction of $273,800.00. The disclosure for this purchase can be found here. 1.54% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Ffcm LLC lifted its stake in Omega Healthcare Investors by 197.6% during the 2nd quarter. Ffcm LLC now owns 3,402 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 2,259 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Omega Healthcare Investors by 167.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,432 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 2,150 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Omega Healthcare Investors by 656.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,015 shares of the real estate investment trust’s stock valued at $193,000 after acquiring an additional 5,220 shares in the last quarter. ARP Americas LLC bought a new position in Omega Healthcare Investors during the 2nd quarter valued at $218,000. Finally, Good Life Advisors LLC bought a new position in Omega Healthcare Investors during the 3rd quarter valued at $209,000. Institutional investors and hedge funds own 72.87% of the company’s stock.
Omega Healthcare Investors Company Profile
Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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