Omega Healthcare Investors (NYSE:OHI) Stock Rating Upgraded by Bank of America

Posted by on Oct 12th, 2023

Omega Healthcare Investors (NYSE:OHI – Get Free Report) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a $36.00 price target on the real estate investment trust’s stock. Bank of America‘s price target would suggest a potential upside of 4.90% from the company’s current price.

Other analysts have also issued research reports about the company. Wells Fargo & Company boosted their price target on Omega Healthcare Investors from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. StockNews.com assumed coverage on Omega Healthcare Investors in a report on Thursday, October 5th. They issued a “sell” rating for the company. Berenberg Bank assumed coverage on Omega Healthcare Investors in a report on Thursday, July 27th. They issued a “buy” rating for the company. BMO Capital Markets assumed coverage on Omega Healthcare Investors in a report on Thursday, July 27th. They issued a “market perform” rating and a $34.50 price target for the company. Finally, Mizuho upgraded Omega Healthcare Investors from a “neutral” rating to a “buy” rating and boosted their price target for the company from $31.00 to $35.00 in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.82.

Read Our Latest Report on Omega Healthcare Investors

Omega Healthcare Investors Trading Up 1.6 %

Shares of NYSE OHI opened at $34.32 on Tuesday. The stock has a market capitalization of $8.40 billion, a P/E ratio of 33.65 and a beta of 0.96. The business’s 50 day moving average is $32.18 and its two-hundred day moving average is $30.45. Omega Healthcare Investors has a 1-year low of $25.61 and a 1-year high of $34.36. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.55 and a quick ratio of 5.55.

Hedge Funds Weigh In On Omega Healthcare Investors

Institutional investors have recently modified their holdings of the stock. Resurgent Financial Advisors LLC acquired a new stake in Omega Healthcare Investors in the 4th quarter worth about $27,000. Nordwand Advisors LLC acquired a new position in shares of Omega Healthcare Investors during the first quarter worth $27,000. Point72 Asset Management L.P. acquired a new position in shares of Omega Healthcare Investors during the second quarter worth $32,000. GPS Wealth Strategies Group LLC acquired a new position in Omega Healthcare Investors in the first quarter valued at $34,000. Finally, Islay Capital Management LLC acquired a new position in Omega Healthcare Investors in the second quarter valued at $38,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

About Omega Healthcare Investors

(Get Free Report)

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.

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Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

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