The stock of Omega Healthcare Investors Inc (NYSE:OHI) gapped down by $0.05 today and has $32.94 target or 6.00% below today’s $35.04 share price. The 5 months technical chart setup indicates high risk for the $6.80B company. The gap down was reported on Oct, 4 by Barchart.com. If the $32.94 price target is reached, the company will be worth $408.00 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 1.16% or $0.41 on October 3, hitting $35.04. Omega Healthcare Investors Inc (NYSE:OHI) has risen 6.83% since March 1, 2016 and is uptrending. It has underperformed by 5.39% the S&P500.
Analysts await Omega Healthcare Investors Inc (NYSE:OHI) to report earnings on November, 7. They expect $0.81 EPS, up 2.53% or $0.02 from last year’s $0.79 per share. OHI’s profit will be $157.19M for 10.81 P/E if the $0.81 EPS becomes a reality. After $0.87 actual EPS reported by Omega Healthcare Investors Inc for the previous quarter, Wall Street now forecasts -6.90% negative 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. The stock of Omega Healthcare Investors Inc (NYSE:OHI) has “Buy” rating given on Wednesday, November 4 by Hilliard Lyons. Stifel Nicolaus maintained Omega Healthcare Investors Inc (NYSE:OHI) rating on Tuesday, November 3. Stifel Nicolaus has “Buy” rating and $39 price target. BTIG Research initiated the stock with “Neutral” rating in Thursday, August 25 report. The firm has “Outperform” rating given on Thursday, February 11 by JMP Securities. As per Thursday, August 18, the company rating was downgraded by JMP Securities. The stock of Omega Healthcare Investors Inc (NYSE:OHI) earned “Buy” rating by SunTrust on Thursday, August 4. Jefferies downgraded the shares of OHI in a report on Tuesday, January 12 to “Hold” rating. The company was upgraded on Thursday, February 25 by Jefferies.
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 improved, 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.
Thompson Siegel Walmsley Ltd Liability Company last reported 0% of its portfolio in the stock. First Heartland Consultants Inc holds 16,352 shares or 0.06% of its portfolio. Winslow Evans & Crocker owns 3,600 shares or 0% of their US portfolio. Texas Yale Corporation, a Florida-based fund reported 28,960 shares. Interocean Cap Limited Com holds 0.07% or 8,220 shares in its portfolio. Piershale Financial Grp Inc holds 303 shares or 0.01% of its portfolio. Moreover, Suntrust Banks has 0.03% invested in Omega Healthcare Investors Inc (NYSE:OHI) for 158,384 shares. Ftb Advsr, a Tennessee-based fund reported 18 shares. Copeland Cap holds 0.64% or 274,062 shares in its portfolio. Savings Bank Of Montreal Can last reported 195,826 shares in the company. Wells Fargo & Mn holds 0.02% or 1.15 million shares in its portfolio. Huntington National Bank & Trust holds 5,268 shares or 0.01% of its portfolio. Checchi Capital Advisers Lc holds 3,059 shares or 0.01% of its portfolio. Moreover, Utah Retirement has 0.03% invested in Omega Healthcare Investors Inc (NYSE:OHI) for 38,696 shares. Robeco Institutional Asset Mgmt Bv accumulated 18,978 shares or 0% of the stock.
Insider Transactions: Since May 23, 2016, the stock had 1 insider purchase, and 3 insider sales for $2.40 million net activity. Bernfield Craig M also sold $1.65 million worth of Omega Healthcare Investors Inc (NYSE:OHI) on Thursday, September 8. On Monday, August 15 BOOTH DANIEL J sold $742,800 worth of the stock or 20,000 shares. $186,060 worth of Omega Healthcare Investors Inc (NYSE:OHI) was bought by FRANKE THOMAS F on Monday, May 23. The insider INSOFT STEVEN J sold $197,498.
More important recent Omega Healthcare Investors Inc (NYSE:OHI) news were published by: Investorplace.com which released: “Omega Healthcare Investors Inc: A High-Yield Healthcare REIT (OHI)” on April 20, 2016, also Seekingalpha.com published article titled: “Omega Healthcare Investors: Battered, Bruised – And A Buy”, Forbes.com published: “Ex-Dividend Reminder: Omega Healthcare Investors, Citigroup and Blackstone Group” on July 26, 2016. More interesting news about Omega Healthcare Investors Inc (NYSE:OHI) was released by: Forbes.com and their article: “Omega Healthcare Investors Named Top Dividend Stock With Insider Buying and 7 …” with publication date: July 29, 2016.
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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