Traders Sell Omega Healthcare Investors (OHI) on Strength (OHI)

Traders sold shares of Omega Healthcare Investors Inc (NYSE:OHI) on strength during trading hours on Friday. $12.83 million flowed into the stock on the tick-up and $17.64 million flowed out of the stock on the tick-down, for a money net flow of $4.81 million out of the stock. Of all equities tracked, Omega Healthcare Investors had the 0th highest net out-flow for the day. Omega Healthcare Investors traded up $0.18 for the day and closed at $26.59

Several research firms have weighed in on OHI. Cantor Fitzgerald began coverage on Omega Healthcare Investors in a research note on Wednesday, December 20th. They issued an “overweight” rating and a $34.00 target price on the stock. Jefferies Group reissued an “underperform” rating on shares of Omega Healthcare Investors in a research note on Thursday, December 21st. Zacks Investment Research lowered Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. ValuEngine raised Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Finally, SunTrust Banks set a $28.00 target price on Omega Healthcare Investors and gave the company a “hold” rating in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $31.37.

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The firm has a market capitalization of $5,244.75, a PE ratio of 8.06, a PEG ratio of 3.00 and a beta of 0.37. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.55 and a quick ratio of 3.55.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.18). Omega Healthcare Investors had a return on equity of 2.48% and a net margin of 11.06%. The business had revenue of $221.21 million during the quarter, compared to the consensus estimate of $219.07 million. equities analysts forecast that Omega Healthcare Investors Inc will post 2.94 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in OHI. Legal & General Group Plc increased its holdings in shares of Omega Healthcare Investors by 12.6% in the third quarter. Legal & General Group Plc now owns 703,210 shares of the real estate investment trust’s stock worth $22,439,000 after acquiring an additional 78,704 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Omega Healthcare Investors by 11.6% in the third quarter. Wells Fargo & Company MN now owns 482,123 shares of the real estate investment trust’s stock worth $15,385,000 after acquiring an additional 50,275 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Omega Healthcare Investors by 6.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 872,421 shares of the real estate investment trust’s stock worth $27,839,000 after acquiring an additional 54,052 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Omega Healthcare Investors by 4.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,821,799 shares of the real estate investment trust’s stock worth $90,044,000 after acquiring an additional 117,561 shares in the last quarter. Finally, AMP Capital Investors Ltd increased its holdings in shares of Omega Healthcare Investors by 52.6% in the third quarter. AMP Capital Investors Ltd now owns 153,226 shares of the real estate investment trust’s stock worth $4,888,000 after acquiring an additional 52,800 shares in the last quarter. Institutional investors own 73.74% of the company’s stock.

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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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