Zacks Investment Research downgraded shares of Omega Healthcare Investors (NYSE:OHI) from a hold rating to a sell rating in a research note released on Tuesday.

According to Zacks, “Omega Healthcare Investors, Inc. was incorporated in the State of Maryland. It is a self-administered real estate investment trust (REIT), investing in income producing healthcare facilities, principally long-term care facilities located in the United States (U.S.) and the United Kingdom (U.K.). The Company provide lease or mortgage financing to qualified operators of skilled nursing facilities (SNFs) and, to a lesser extent, assisted living facilities (ALFs), independent living facilities and rehabilitation and acute care facilities. It has historically financed investments through borrowings under its revolving credit facilities, private placements or public offerings of its debt and equity securities, the assumption of secured indebtedness, retention of cash flow, or a combination of these methods. “

A number of other analysts have also recently weighed in on the stock. Mitsubishi UFJ Financial Group reaffirmed a neutral rating on shares of Omega Healthcare Investors in a research report on Tuesday, October 2nd. MED assumed coverage on shares of Omega Healthcare Investors in a research report on Tuesday, October 2nd. They set a neutral rating and a $31.00 price target for the company. They noted that the move was a valuation call. ValuEngine raised shares of Omega Healthcare Investors from a sell rating to a hold rating in a research report on Monday, August 13th. Stifel Nicolaus upped their price objective on shares of Omega Healthcare Investors from $27.00 to $30.00 and gave the company a hold rating in a research report on Tuesday, August 7th. Finally, Cantor Fitzgerald reissued a buy rating and issued a $34.00 price objective on shares of Omega Healthcare Investors in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Omega Healthcare Investors presently has an average rating of Hold and an average price target of $30.87.

Shares of Omega Healthcare Investors stock opened at $31.98 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.03 and a quick ratio of 4.03. Omega Healthcare Investors has a twelve month low of $24.90 and a twelve month high of $33.63. The firm has a market cap of $6.57 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 5.51 and a beta of 0.29.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Friday, August 3rd. The real estate investment trust reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. Omega Healthcare Investors had a net margin of 10.61% and a return on equity of 2.49%. The firm had revenue of $192.85 million during the quarter, compared to analysts’ expectations of $200.30 million. During the same period in the prior year, the company earned $0.87 EPS. The firm’s revenue was down .6% on a year-over-year basis. As a group, sell-side analysts expect that Omega Healthcare Investors will post 2.97 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. BerganKDV Wealth Management LLC purchased a new position in Omega Healthcare Investors in the 2nd quarter valued at about $110,000. Winslow Evans & Crocker Inc. boosted its position in Omega Healthcare Investors by 213.7% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,670 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 2,500 shares during the last quarter. Private Capital Group LLC boosted its position in Omega Healthcare Investors by 5,518.8% in the 1st quarter. Private Capital Group LLC now owns 3,877 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 3,808 shares during the last quarter. Assetmark Inc. boosted its position in Omega Healthcare Investors by 17,126.9% in the 1st quarter. Assetmark Inc. now owns 4,479 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 4,453 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Omega Healthcare Investors in the 2nd quarter valued at about $147,000. 72.25% of the stock is owned by institutional investors.

Omega Healthcare Investors Company Profile

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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