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

Omega Healthcare Investors (NYSE:OHI - Get Free Report) had its target price increased by equities researchers at Truist Financial from $38.00 to $39.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price objective points to a potential upside of 4.29% from the stock's previous close.

A number of other brokerages also recently weighed in on OHI. Wells Fargo & Company cut their price target on shares of Omega Healthcare Investors from $43.00 to $41.00 and set an "overweight" rating for the company in a report on Monday, March 10th. BMO Capital Markets raised shares of Omega Healthcare Investors from a "market perform" rating to an "outperform" rating and set a $45.00 target price for the company in a report on Monday, December 9th. JMP Securities reissued a "market perform" rating on shares of Omega Healthcare Investors in a report on Friday, February 7th. Finally, Mizuho lifted their target price on shares of Omega Healthcare Investors from $35.00 to $37.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.44.

Omega Healthcare Investors Stock Performance

Shares of OHI traded down $0.21 during mid-day trading on Tuesday, hitting $37.40. 6,960,972 shares of the company's stock were exchanged, compared to its average volume of 1,692,302. The company has a quick ratio of 7.07, a current ratio of 7.07 and a debt-to-equity ratio of 1.02. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. The stock's 50-day simple moving average is $37.08 and its 200-day simple moving average is $38.88. Omega Healthcare Investors has a 52 week low of $29.66 and a 52 week high of $44.42.

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Omega Healthcare Investors (NYSE:OHI - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.33. Omega Healthcare Investors had a return on equity of 9.71% and a net margin of 38.65%. On average, equities research analysts expect that Omega Healthcare Investors will post 2.86 EPS for the current year.

Institutional Investors Weigh In On Omega Healthcare Investors

Several hedge funds and other institutional investors have recently modified their holdings of OHI. Vanguard Group Inc. grew its position in Omega Healthcare Investors by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 38,061,982 shares of the real estate investment trust's stock worth $1,440,646,000 after acquiring an additional 1,809,519 shares in the last quarter. Cohen & Steers Inc. raised its holdings in shares of Omega Healthcare Investors by 50.8% during the fourth quarter. Cohen & Steers Inc. now owns 26,222,898 shares of the real estate investment trust's stock valued at $992,467,000 after acquiring an additional 8,837,218 shares in the last quarter. State Street Corp lifted its position in shares of Omega Healthcare Investors by 0.9% in the 3rd quarter. State Street Corp now owns 12,339,753 shares of the real estate investment trust's stock worth $502,228,000 after purchasing an additional 114,085 shares during the period. Geode Capital Management LLC lifted its holdings in Omega Healthcare Investors by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 6,929,319 shares of the real estate investment trust's stock worth $262,329,000 after buying an additional 503,190 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Omega Healthcare Investors by 22.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,840,280 shares of the real estate investment trust's stock valued at $183,205,000 after purchasing an additional 890,912 shares in the last quarter. 65.25% of the stock is currently owned by 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.