The stock of Omega Healthcare Investors Inc (NYSE:OHI) is a huge mover today! About 838,713 shares traded hands. Omega Healthcare Investors Inc (NYSE:OHI) has declined 17.07% since April 26, 2016 and is downtrending. It has underperformed by 22.33% the S&P500.
The move comes after 7 months positive chart setup for the $5.86B company. It was reported on Nov, 29 by Barchart.com. We have $32.23 PT which if reached, will make NYSE:OHI worth $468.80M more.
Analysts await Omega Healthcare Investors Inc (NYSE:OHI) to report earnings on February, 8. They expect $0.83 EPS, up 2.47% or $0.02 from last year’s $0.81 per share. OHI’s profit will be $163.00 million for 8.99 P/E if the $0.83 EPS becomes a reality. After $0.83 actual EPS reported by Omega Healthcare Investors Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
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. As per Thursday, August 18, the company rating was downgraded by JMP Securities. The stock of Omega Healthcare Investors Inc (NYSE:OHI) earned “Outperform” rating by JMP Securities on Thursday, February 11. Jefferies upgraded Omega Healthcare Investors Inc (NYSE:OHI) on Thursday, February 25 to “Buy” rating. The firm has “Hold” rating given on Tuesday, January 12 by Jefferies. The stock of Omega Healthcare Investors Inc (NYSE:OHI) has “Buy” rating given on Tuesday, November 3 by Stifel Nicolaus. BTIG Research initiated the shares of OHI in a report on Thursday, August 25 with “Neutral” rating. The stock has “Buy” rating given by SunTrust on Thursday, August 4. The firm has “Buy” rating given on Wednesday, November 4 by Hilliard Lyons.
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 decreased to 1.56 in Q2 2016. Its down 0.12, from 1.68 in 2016Q1. The ratio fall, 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.
The New York-based Citigroup has invested 0% in Omega Healthcare Investors Inc (NYSE:OHI). Goelzer Invest Mngmt has 1.2% invested in the company for 255,639 shares. Hancock Holdg Company last reported 0.01% of its portfolio in the stock. Blackrock Fund Advsrs holds 0.05% of its portfolio in Omega Healthcare Investors Inc (NYSE:OHI) for 7.10 million shares. Principal Fincl Group accumulated 0.07% or 1.43 million shares. Millennium Ltd Liability Co reported 252,430 shares or 0.02% of all its holdings. Cap One Association, a New York-based fund reported 22,424 shares. State Of Wisconsin Investment Board accumulated 119,980 shares or 0.02% of the stock. Prudential Public Limited Com last reported 0% of its portfolio in the stock. Symons Capital Mngmt Inc holds 140,120 shares or 1.11% of its portfolio. Teachers Annuity Association Of America accumulated 178,475 shares or 0.27% of the stock. Glenmede Na accumulated 1,911 shares or 0% of the stock. Qci Asset Mngmt has invested 0% of its portfolio in Omega Healthcare Investors Inc (NYSE:OHI). Kbc Grp Inc Inc Nv has invested 0.03% of its portfolio in Omega Healthcare Investors Inc (NYSE:OHI). Private Advisor Gru Ltd, a New Jersey-based fund reported 38,420 shares.
Insider Transactions: Since August 15, 2016, the stock had 2 insider buys, and 3 insider sales for $980,735 net activity. Shares for $742,800 were sold by BOOTH DANIEL J. On Monday, September 12 the insider INSOFT STEVEN J sold $197,498. On Friday, November 4 PICKETT C TAYLOR bought $637,881 worth of the stock or 21,800 shares. The insider KORMAN BERNARD J bought 100,000 shares worth $2.93M. 43,942 shares were sold by Bernfield Craig M, worth $1.65M.
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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