Price Action to Note: What’s Propelling Omega Healthcare Investors Inc to Decline So Much?

Price Action to Note: What's Propelling Omega Healthcare Investors Inc to Decline So Much?

The stock of Omega Healthcare Investors Inc (NYSE:OHI) is a huge mover today! The stock decreased 1.97% or $0.68 on October 5, hitting $33.6. Omega Healthcare Investors Inc (NYSE:OHI) has risen 4.19% since March 2, 2016 and is uptrending. It has underperformed by 4.07% the S&P500.
The move comes after 8 months negative chart setup for the $6.52B company. It was reported on Oct, 6 by Barchart.com. We have $31.92 PT which if reached, will make NYSE:OHI worth $326.00 million less.

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 $157.18 million for 10.37 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 firm has “Buy” rating by Hilliard Lyons given on Wednesday, November 4. On Thursday, February 25 the stock rating was upgraded by Jefferies to “Buy”. The firm earned “Mkt Perform” rating on Thursday, August 18 by JMP Securities. JMP Securities upgraded the stock to “Outperform” rating in Thursday, February 11 report. On Tuesday, January 12 the stock rating was downgraded by Jefferies to “Hold”. The stock of Omega Healthcare Investors Inc (NYSE:OHI) has “Neutral” rating given on Thursday, August 25 by BTIG Research. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, November 3. The rating was maintained by SunTrust with “Buy” on Thursday, August 4.

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.
Moreover, State Of Wisconsin Board has 0.02% invested in Omega Healthcare Investors Inc (NYSE:OHI) for 119,980 shares. Bb&T Secs Ltd Limited Liability Company has 0.04% invested in the company for 73,038 shares. Thompson Siegel Walmsley Limited Company has 0% invested in the company for 49 shares. Sumitomo Mitsui Incorporated last reported 0.01% of its portfolio in the stock. Sii Invs Incorporated Wi owns 8,608 shares or 0.02% of their US portfolio. Planning Corporation holds 65,939 shares or 0.18% of its portfolio. Moreover, Naples Advisors Lc has 0.16% invested in Omega Healthcare Investors Inc (NYSE:OHI) for 11,845 shares. Credit Suisse Ag, a Switzerland-based fund reported 563,498 shares. Prudential Incorporated owns 133,942 shares or 0.01% of their US portfolio. Independent Order Of Foresters holds 0.34% or 13,528 shares in its portfolio. Mycio Wealth Prns Limited Liability Corporation has 56 shares for 0% of their US portfolio. Moreover, Zacks Investment has 0.04% invested in Omega Healthcare Investors Inc (NYSE:OHI) for 37,176 shares. Gideon Cap Advsrs has 0.41% invested in the company for 20,694 shares. Kbc Nv owns 66,295 shares or 0.03% of their US portfolio. Smithfield Tru Company has 0.01% invested in the company for 1,250 shares.

Insider Transactions: Since May 23, 2016, the stock had 1 buy, and 3 selling transactions for $2.40 million net activity. 43,942 Omega Healthcare Investors Inc (NYSE:OHI) shares with value of $1.65 million were sold by Bernfield Craig M. 5,500 shares with value of $197,498 were sold by INSOFT STEVEN J on Monday, September 12. BOOTH DANIEL J also sold $742,800 worth of Omega Healthcare Investors Inc (NYSE:OHI) on Monday, August 15. FRANKE THOMAS F also bought $186,060 worth of Omega Healthcare Investors Inc (NYSE:OHI) shares.

Another recent and important Omega Healthcare Investors Inc (NYSE:OHI) news was published by Investorplace.com which published an article titled: “Omega Healthcare Investors Inc: A High-Yield Healthcare REIT (OHI)” on April 20, 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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