Omega Healthcare Investors (NYSE:OHI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

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. “

OHI has been the topic of several other research reports. Raymond James lowered shares of Omega Healthcare Investors from a “strong-buy” rating to an “outperform” rating and set a $34.00 price objective on the stock. in a research report on Monday, August 3rd. increased their price target on Omega Healthcare Investors to $26.54 and gave the company a “sell” rating in a report on Tuesday, June 9th. Stifel Nicolaus started coverage on Omega Healthcare Investors in a report on Tuesday, September 1st. They set a “buy” rating and a $35.00 price target on the stock. Citigroup increased their price target on Omega Healthcare Investors from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Finally, JMP Securities started coverage on Omega Healthcare Investors in a report on Monday, June 8th. They set a “market perform” rating on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Omega Healthcare Investors currently has a consensus rating of “Hold” and an average target price of $34.71.

NYSE OHI opened at $32.20 on Wednesday. The company has a 50 day simple moving average of $31.66 and a 200-day simple moving average of $30.85. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.35 and a quick ratio of 3.35. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 4.10 and a beta of 0.85. Omega Healthcare Investors has a 52-week low of $13.33 and a 52-week high of $45.22.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.32). Omega Healthcare Investors had a return on equity of 9.22% and a net margin of 39.17%. On average, analysts predict that Omega Healthcare Investors will post 3.05 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Pathstone Family Office LLC bought a new position in shares of Omega Healthcare Investors during the first quarter valued at $49,000. Beese Fulmer Investment Management Inc. bought a new position in shares of Omega Healthcare Investors during the second quarter valued at $49,000. Fifth Third Bancorp lifted its holdings in shares of Omega Healthcare Investors by 84.1% during the first quarter. Fifth Third Bancorp now owns 1,948 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 890 shares during the period. Parallel Advisors LLC raised its holdings in shares of Omega Healthcare Investors by 28.4% in the second quarter. Parallel Advisors LLC now owns 1,819 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 402 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Omega Healthcare Investors by 134.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 1,072 shares during the last quarter. 71.63% of the stock is owned by institutional investors.

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.

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