Omega Healthcare Investors (NYSE:OHI) Given New $47.00 Price Target at Scotiabank

by · The Markets Daily

Omega Healthcare Investors (NYSE:OHI – Get Free Report) had its price objective dropped by analysts at Scotiabank from $50.00 to $47.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price indicates a potential upside of 5.65% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Citigroup reaffirmed a “market perform” rating on shares of Omega Healthcare Investors in a report on Monday. Royal Bank Of Canada raised their target price on Omega Healthcare Investors from $47.00 to $48.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. Truist Financial cut their target price on Omega Healthcare Investors from $48.00 to $46.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Wells Fargo & Company raised their target price on Omega Healthcare Investors from $47.00 to $49.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Finally, Bank of America reiterated an “underperform” rating and issued a $46.00 target price (down from $52.00) on shares of Omega Healthcare Investors in a research note on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $48.85.

View Our Latest Stock Analysis on Omega Healthcare Investors

Omega Healthcare Investors Stock Performance

Omega Healthcare Investors stock traded down $0.15 during mid-day trading on Thursday, reaching $44.49. The company’s stock had a trading volume of 517,591 shares, compared to its average volume of 2,157,556. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.94 and a beta of 0.58. The business has a 50 day moving average price of $46.39 and a 200-day moving average price of $45.73. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.81. Omega Healthcare Investors has a twelve month low of $35.70 and a twelve month high of $49.33.

Omega Healthcare Investors (NYSE:OHI – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). The business had revenue of $322.96 million during the quarter, compared to analyst estimates of $264.07 million. Omega Healthcare Investors had a return on equity of 11.86% and a net margin of 51.14%.The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. Omega Healthcare Investors has set its FY 2026 guidance at 3.190-3.250 EPS. Sell-side analysts predict that Omega Healthcare Investors will post 3.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Omega Healthcare Investors

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in shares of Omega Healthcare Investors by 91.9% during the fourth quarter. BNP Paribas Financial Markets now owns 389,305 shares of the real estate investment trust’s stock valued at $17,262,000 after purchasing an additional 186,399 shares in the last quarter. CPC Advisors LLC acquired a new position in Omega Healthcare Investors during the 4th quarter valued at about $3,050,000. JPMorgan Chase & Co. increased its stake in Omega Healthcare Investors by 77.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,417,240 shares of the real estate investment trust’s stock valued at $144,278,000 after buying an additional 1,496,059 shares during the period. Bright Futures Wealth Management LLC. acquired a new position in Omega Healthcare Investors during the 3rd quarter valued at about $458,000. Finally, Pensionfund PDN acquired a new position in Omega Healthcare Investors during the 4th quarter valued at about $2,053,000. 65.25% of the stock is currently owned by institutional investors.

About Omega Healthcare Investors

(Get Free Report)

Omega Healthcare Investors, Inc is a real estate investment trust (REIT) that specializes in the ownership and management of healthcare-related facilities. The company’s core business involves acquiring and leasing long-term care properties, including skilled nursing facilities and assisted living communities, under net lease agreements. Its portfolio is designed to provide stable, inflation-protected cash flows from operators responsible for day-to-day property management.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega Healthcare Investors has grown its holdings to encompass hundreds of facilities across the United States, with a smaller presence in select international markets.

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