JMP Securities Downgrades Omega Healthcare Investors Inc to Market Perform

Brokerage firm JMP Securities Downgrades its rating on Omega Healthcare Investors Inc(NYSE:OHI). The shares have been rated Market Perform. Previously, the analysts had a Market Outperform rating on the shares. The rating by JMP Securities was issued on Aug 18, 2016.

In a different note, On Aug 4, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Omega Healthcare Investors Inc. In the research note, the firm Raises the price-target to $38.00 per share. The shares have been rated ‘Buy’ by the firm.

Omega Healthcare Investors Inc (OHI) made into the market gainers list on Mondays trading session with the shares advancing 0.86% or 0.31 points. Due to strong positive momentum, the stock ended at $36.43, which is also near the day’s high of $36.57. The stock began the session at $36.24 and the volume stood at 10,23,919 shares. The 52-week high of the shares is $37.48 and the 52 week low is $26.9638. The company has a current market capitalization of $7,047 M and it has 19,34,41,520 shares in outstanding.

Omega Healthcare Investors Inc(OHI) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $186.48M. Analysts had an estimated revenue of $193.53M. Earnings per share were $0.87. Analysts had estimated an EPS of $0.83.

Several Insider Transactions has been reported to the SEC. On Aug 17, 2016, Daniel J Booth (Chief Operating Officer) sold 20,000 shares at $37.14 per share price.Also, On May 25, 2016, Thomas F Franke (director) purchased 6,000 shares at $31.01 per share price.On Nov 17, 2015, C Taylor Pickett (CEO) purchased 4,200 shares at $32.56 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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