The stock of Omega Healthcare Investors Inc (NYSE:OHI) is a huge mover today! About 3.11 million shares traded hands or 36.40% up from the average. Omega Healthcare Investors Inc (NYSE:OHI) has declined 12.04% since April 6, 2016 and is downtrending. It has underperformed by 14.00% the S&P500.
The move comes after 9 months negative chart setup for the $5.97 billion company. It was reported on Nov, 8 by Barchart.com. We have $27.55 PT which if reached, will make NYSE:OHI worth $417.90 million less.
Omega Healthcare Investors Inc (NYSE:OHI) Ratings Coverage
Out of 7 analysts covering Omega Healthcare Investors (NYSE:OHI), 4 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 57% are positive. Omega Healthcare Investors has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Omega Healthcare Investors Inc (NYSE:OHI) earned “Hold” rating by Jefferies on Tuesday, January 12. Hilliard Lyons upgraded Omega Healthcare Investors Inc (NYSE:OHI) on Wednesday, November 4 to “Buy” rating. Jefferies upgraded Omega Healthcare Investors Inc (NYSE:OHI) on Thursday, February 25 to “Buy” rating. The company was maintained on Thursday, August 4 by SunTrust. The firm has “Mkt Perform” rating by JMP Securities given on Thursday, August 18. The firm has “Neutral” rating given on Thursday, August 25 by BTIG Research. As per Thursday, February 11, the company rating was upgraded by JMP Securities. The firm has “Buy” rating given on Tuesday, November 3 by Stifel Nicolaus.
According to Zacks Investment Research, “OMEGA HEALTHCARE INVESTORS is a self-administered real estate investment trust which invests in income- producing health care facilities, principally long-term care facilities, with the objective of profitable growth and further diversification of the investment portfolio. Investments are located primarily in the United States.”
Insitutional Activity: The institutional sentiment increased to 1.68 in 2016 Q2. Its up 0.14, from 1.54 in 2016Q1. The ratio is positive, as 32 funds sold all Omega Healthcare Investors Inc shares owned while 93 reduced positions. 34 funds bought stakes while 176 increased positions. They now own 158.37 million shares or 0.90% more from 156.95 million shares in 2016Q1.
Bokf Na reported 10,051 shares or 0.01% of all its holdings. Balyasny Asset Management Ltd Com reported 77,716 shares or 0.02% of all its holdings. State Of Alaska Department Of Revenue holds 0.23% of its portfolio in Omega Healthcare Investors Inc (NYSE:OHI) for 64,701 shares. Cetera Advisor Limited Co has invested 0.01% of its portfolio in Omega Healthcare Investors Inc (NYSE:OHI). Creative Planning has invested 0.01% of its portfolio in Omega Healthcare Investors Inc (NYSE:OHI). Moody Bancorp Tru Division has 13,732 shares for 0.03% of their US portfolio. Daiwa Gru last reported 1.68% of its portfolio in the stock. Moreover, Teachers Insurance & Annuity Association Of America has 0.27% invested in Omega Healthcare Investors Inc (NYSE:OHI) for 178,475 shares. Rhumbline Advisers has 309,913 shares for 0.03% of their US portfolio. Moreover, Dean Assoc Limited Liability has 0.3% invested in Omega Healthcare Investors Inc (NYSE:OHI) for 44,588 shares. Moreover, Finemark Bank & Trust Trust has 0.01% invested in Omega Healthcare Investors Inc (NYSE:OHI) for 2,464 shares. Tci Wealth Advisors, a Arizona-based fund reported 75 shares. Credit Suisse Ag accumulated 563,498 shares or 0.02% of the stock. Nationwide Fund Advisors accumulated 0.04% or 281,120 shares. Cohen Steers holds 1.87% of its portfolio in Omega Healthcare Investors Inc (NYSE:OHI) for 21.17 million shares.
Insider Transactions: Since May 23, 2016, the stock had 3 insider purchases, and 3 selling transactions for $1.17 million net activity. $186,060 worth of shares were bought by FRANKE THOMAS F on Monday, May 23. $742,800 worth of Omega Healthcare Investors Inc (NYSE:OHI) shares were sold by BOOTH DANIEL J. KORMAN BERNARD J had bought 100,000 shares worth $2.93 million. On Monday, September 12 INSOFT STEVEN J sold $197,498 worth of the stock or 5,500 shares. 21,800 shares with value of $637,881 were bought by PICKETT C TAYLOR on Friday, November 4. The insider Bernfield Craig M sold $1.65 million.
More news for Omega Healthcare Investors Inc (NYSE:OHI) were recently published by: Seekingalpha.com, which released: “3 Reasons I Bought Omega Healthcare Investors” on November 02, 2016. Seekingalpha.com‘s article titled: “Omega Healthcare Investors: Second Chance To Buy With A Safe 8.3% Dividend Yield” and published on November 04, 2016 is yet another important article.
OHI Company Profile
Omega Healthcare Investors, Inc. (Omega), incorporated on March 31, 1992, is a self-administered real estate investment trust (REIT). The Firm invests in income producing healthcare facilities and long-term care facilities located throughout the United States and the United Kingdom. The Firm operates through the segment, which consists of investments in healthcare-related real estate properties. The Firm provides lease or mortgage financing to qualified operators of skilled nursing facilities (SNFs) and assisted living facilities (ALFs), independent living facilities, rehabilitation and acute care facilities. The Firm finances 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.
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