Omega Healthcare Investors (OHI) : 7 analysts are covering Omega Healthcare Investors (OHI) and their average rating on the stock is 1.71, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Omega Healthcare Investors (OHI) stock is expected to deviate a maximum of $4.82 from the average target price of $37 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $42 and the most muted being $31.
For the current week, the company shares have a recommendation consensus of Buy. Omega Healthcare Investors (NYSE:OHI): The stock opened at $37.21 on Thursday but the bulls could not build on the opening and the stock topped out at $37.39 for the day. The stock traded down to $36.82 during the day, due to lack of any buying support eventually closed down at $36.94 with a loss of -0.54% for the day. The stock had closed at $37.14 on the previous day. The total traded volume was 2,040,944 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Omega Healthcare Investors Inc, Franke Thomas F, had purchased 6,000 shares in a transaction dated on May 23, 2016. The transaction was executed at $31.01 per share with total amount equaling $186,060.
Omega Healthcare Investors, Inc. (Omega) is a self-administered real estate investment trust (REIT). The Company invests in income producing healthcare facilities, long-term care facilities located throughout the United States. The Company 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. It finances investments through borrowings under its revolving credit facilities, private placements or public offerings of its debt and equity securities, secured indebtedness, retention of cash flow or a combination of these methods. Its portfolio of real estate investments include over 900 properties located in 41 states and operated by 81 different operators. Its portfolio includes healthcare facilities and mortgages on healthcare facilities. It also offers fixed-rate mortgage loans.