Omega Healthcare Investors, Inc. (NYSE:OHI) Lowered to “Buy” at Hilliard Lyons

Omega Healthcare Investors, Inc. (NYSE:OHI) was downgraded by equities research analysts at Hilliard Lyons to a “buy” rating in a note issued to investors on Wednesday, November 1st, The Fly reports.

OHI has been the topic of several other research reports. BidaskClub cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Capital One Financial Corporation reiterated an “equal weight” rating on shares of Omega Healthcare Investors in a research note on Sunday, October 22nd. Vetr cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $32.96 price target on the stock. in a research note on Monday, October 30th. Zacks Investment Research downgraded shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, ValuEngine downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Omega Healthcare Investors presently has a consensus rating of “Hold” and an average target price of $31.83.

Shares of Omega Healthcare Investors (OHI) traded up $0.13 during trading on Wednesday, hitting $28.18. 643,287 shares of the stock traded hands, compared to its average volume of 2,670,000. The stock has a market cap of $5,560.00, a PE ratio of 8.25, a PEG ratio of 2.92 and a beta of 0.53. Omega Healthcare Investors has a 1-year low of $27.32 and a 1-year high of $35.14. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 1.18.

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In related news, Director Craig R. Callen purchased 10,000 shares of Omega Healthcare Investors stock in a transaction on Thursday, November 2nd. The shares were bought at an average cost of $27.38 per share, for a total transaction of $273,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bernard J. Korman purchased 100,000 shares of Omega Healthcare Investors stock in a transaction on Tuesday, October 31st. The stock was bought at an average price of $28.24 per share, for a total transaction of $2,824,000.00. Following the completion of the acquisition, the director now owns 903,895 shares in the company, valued at approximately $25,525,994.80. The disclosure for this purchase can be found here. Insiders own 1.54% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in OHI. Principal Financial Group Inc. increased its holdings in shares of Omega Healthcare Investors by 137.5% in the 2nd quarter. Principal Financial Group Inc. now owns 5,503,823 shares of the real estate investment trust’s stock worth $181,736,000 after buying an additional 3,186,783 shares during the last quarter. FMR LLC increased its holdings in shares of Omega Healthcare Investors by 71.9% in the 2nd quarter. FMR LLC now owns 2,349,289 shares of the real estate investment trust’s stock worth $77,573,000 after buying an additional 982,771 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Omega Healthcare Investors by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 32,497,878 shares of the real estate investment trust’s stock worth $1,073,080,000 after buying an additional 735,367 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Omega Healthcare Investors by 3.6% in the 2nd quarter. BlackRock Inc. now owns 20,606,999 shares of the real estate investment trust’s stock worth $680,443,000 after buying an additional 717,086 shares during the last quarter. Finally, LSV Asset Management boosted its stake in shares of Omega Healthcare Investors by 28.5% during the 2nd quarter. LSV Asset Management now owns 1,724,155 shares of the real estate investment trust’s stock worth $56,931,000 after purchasing an additional 382,200 shares during the period. Institutional investors own 72.32% 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.

The Fly

Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

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