Scotiabank Issues Positive Forecast for Omega Healthcare Investors (NYSE:OHI) Stock Price

Omega Healthcare Investors (NYSE:OHI) had its price target raised by Scotiabank from $42.00 to $45.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential upside of 3.32% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Mizuho lifted their price target on shares of Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Citigroup restated a “buy” rating and issued a $50.00 price target (up previously from $45.00) on shares of Omega Healthcare Investors in a report on Wednesday. Truist Financial upped their price objective on Omega Healthcare Investors from $39.00 to $44.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Raymond James Financial reiterated an “outperform” rating on shares of Omega Healthcare Investors in a report on Tuesday, September 2nd. Finally, Royal Bank Of Canada boosted their target price on shares of Omega Healthcare Investors from $41.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Omega Healthcare Investors currently has a consensus rating of “Moderate Buy” and an average price target of $45.38.

Omega Healthcare Investors Price Performance

Shares of OHI traded down $0.11 during midday trading on Thursday, hitting $43.56. 474,268 shares of the company traded hands, compared to its average volume of 2,226,612. The stock has a market cap of $12.87 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.85 and a beta of 0.69. Omega Healthcare Investors has a 52 week low of $35.04 and a 52 week high of $44.40. The firm has a 50 day moving average of $41.60 and a 200-day moving average of $39.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.10 and a current ratio of 7.10.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The firm had revenue of $260.74 million during the quarter, compared to analyst estimates of $262.48 million. During the same period last year, the firm posted $0.71 earnings per share. Omega Healthcare Investors’s revenue for the quarter was up 14.4% compared to the same quarter last year. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. On average, analysts forecast that Omega Healthcare Investors will post 2.86 EPS for the current fiscal year.

Insider Activity at Omega Healthcare Investors

In other Omega Healthcare Investors news, CIO Vikas Gupta bought 11,500 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $42.97 per share, for a total transaction of $494,155.00. Following the transaction, the executive directly owned 13,773 shares of the company’s stock, valued at approximately $591,825.81. This represents a 505.94% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Taylor Pickett acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were bought at an average cost of $43.14 per share, for a total transaction of $862,800.00. Following the completion of the acquisition, the chief executive officer owned 20,000 shares of the company’s stock, valued at approximately $862,800. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its holdings in shares of Omega Healthcare Investors by 3.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 18,047 shares of the real estate investment trust’s stock worth $762,000 after purchasing an additional 579 shares during the period. Van ECK Associates Corp increased its stake in Omega Healthcare Investors by 11.7% during the 3rd quarter. Van ECK Associates Corp now owns 136,929 shares of the real estate investment trust’s stock worth $5,781,000 after buying an additional 14,316 shares during the period. Swiss National Bank raised its stake in shares of Omega Healthcare Investors by 4.2% in the third quarter. Swiss National Bank now owns 561,100 shares of the real estate investment trust’s stock valued at $23,690,000 after acquiring an additional 22,700 shares in the last quarter. Russell Investments Group Ltd. raised its position in Omega Healthcare Investors by 32.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,059,407 shares of the real estate investment trust’s stock valued at $86,948,000 after purchasing an additional 507,668 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in Omega Healthcare Investors by 14.4% in the third quarter. Schroder Investment Management Group now owns 1,082,596 shares of the real estate investment trust’s stock worth $44,982,000 after acquiring an additional 136,250 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Omega Healthcare Investors Company Profile

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.