Omega Healthcare Investors (NYSE:OHI) Upgraded at BMO Capital Markets

Omega Healthcare Investors (NYSE:OHI) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Monday, Marketbeat Ratings reports. The brokerage currently has a $45.00 price objective on the real estate investment trust’s stock. BMO Capital Markets’ price objective points to a potential upside of 14.65% from the stock’s current price.

A number of other brokerages also recently weighed in on OHI. Berenberg Bank began coverage on shares of Omega Healthcare Investors in a research report on Friday, October 18th. They issued a “buy” rating and a $45.00 price objective for the company. BNP Paribas upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a research report on Thursday, October 31st. Truist Financial upped their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Royal Bank of Canada upped their price target on shares of Omega Healthcare Investors from $39.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Finally, Scotiabank upped their price target on shares of Omega Healthcare Investors from $33.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Omega Healthcare Investors presently has an average rating of “Moderate Buy” and a consensus target price of $40.18.

Omega Healthcare Investors Trading Up 0.0 %

Shares of Omega Healthcare Investors stock opened at $39.25 on Monday. The firm has a 50-day simple moving average of $40.45 and a two-hundred day simple moving average of $37.75. The company has a market cap of $10.60 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. Omega Healthcare Investors has a fifty-two week low of $27.53 and a fifty-two week high of $44.42. The company has a debt-to-equity ratio of 1.10, a quick ratio of 6.48 and a current ratio of 6.48.

Insider Activity

In related news, CFO Robert O. Stephenson sold 22,542 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $40.19, for a total transaction of $905,962.98. Following the completion of the transaction, the chief financial officer now owns 183,076 shares of the company’s stock, valued at approximately $7,357,824.44. This trade represents a 10.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Daniel J. Booth sold 56,725 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $40.25, for a total transaction of $2,283,181.25. Following the sale, the chief operating officer now owns 100,000 shares in the company, valued at approximately $4,025,000. This trade represents a 36.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of Omega Healthcare Investors

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Advisors LLC acquired a new position in Omega Healthcare Investors during the first quarter worth about $646,000. CWM LLC raised its holdings in Omega Healthcare Investors by 12.1% in the second quarter. CWM LLC now owns 4,073 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 440 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in Omega Healthcare Investors in the second quarter valued at $204,000. Cooper Financial Group raised its holdings in shares of Omega Healthcare Investors by 51.3% during the second quarter. Cooper Financial Group now owns 9,816 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 3,329 shares during the period. Finally, Wedmont Private Capital raised its holdings in shares of Omega Healthcare Investors by 7.7% during the second quarter. Wedmont Private Capital now owns 15,078 shares of the real estate investment trust’s stock worth $520,000 after purchasing an additional 1,078 shares during the period. Hedge funds and other institutional investors own 65.25% of the company’s stock.

About Omega Healthcare Investors

Omega is a REIT 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 U.S., as well as in the U.K.