Fintel reports that on July 26, 2023, Wells Fargo downgraded their outlook for Omega Healthcare Investors (NYSE:OHI) from Overweight to Equal-Weight.

Analyst Price Forecast Suggests 3.02% Downside

As of July 6, 2023, the average one-year price target for Omega Healthcare Investors is 31.71. The forecasts range from a low of 26.26 to a high of $34.65. The average price target represents a decrease of 3.02% from its latest reported closing price of 32.70.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Omega Healthcare Investors is 959MM, an increase of 13.18%. The projected annual non-GAAP EPS is 1.53.

What is the Fund Sentiment?

There are 876 funds or institutions reporting positions in Omega Healthcare Investors. This is a decrease of 27 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to OHI is 0.19%, a decrease of 34.22%. Total shares owned by institutions increased in the last three months by 0.76% to 166,281K shares. The put/call ratio of OHI is 0.49, indicating a bullish outlook.

What are Other Shareholders Doing?

VGSIX – Vanguard Real Estate Index Fund Investor Shares holds 10,292K shares representing 4.39% ownership of the company. In it’s prior filing, the firm reported owning 10,442K shares, representing a decrease of 1.46%. The firm decreased its portfolio allocation in OHI by 0.73% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 7,254K shares representing 3.10% ownership of the company. In it’s prior filing, the firm reported owning 7,097K shares, representing an increase of 2.17%. The firm decreased its portfolio allocation in OHI by 7.44% over the last quarter.

IJH – iShares Core S&P Mid-Cap ETF holds 7,227K shares representing 3.08% ownership of the company. In it’s prior filing, the firm reported owning 7,232K shares, representing a decrease of 0.07%. The firm decreased its portfolio allocation in OHI by 6.20% over the last quarter.

Bank of New York Mellon holds 6,228K shares representing 2.66% ownership of the company. In it’s prior filing, the firm reported owning 5,247K shares, representing an increase of 15.76%. The firm increased its portfolio allocation in OHI by 11.49% over the last quarter.

NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 6,131K shares representing 2.62% ownership of the company. In it’s prior filing, the firm reported owning 6,033K shares, representing an increase of 1.60%. The firm decreased its portfolio allocation in OHI by 4.35% over the last quarter.

Omega Healthcare Investors Background Information
(This description is provided by the company.)

Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the United States, as well as in the United Kingdom.

This article originally appeared on Fintel

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.