What Analysts Say about the Omega Healthcare Investors Inc. (OHI) Stock


Omega Healthcare Investors Inc. (NYSE:OHI) saw an upside of 0.45% to close Tuesday at $28.83 after adding $0.13 on the day. The 5-day average trading volume is 1,721,860 shares of the company’s common stock. It has gained $31.26 in the past week and touched a new high 3 times within the past 5 days. An average of 2,283,295 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,097,158.

OHI’s 1-month performance is 2.27% or $0.45 on its low of $26.13 reached on 01/10/23. The company’s shares have touched a 52-week low of $24.81 and high of $33.71, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, OHI has achieved 3.15% or $0.88 and has reached a new high 5 times. However, the current price is down -14.48% from the 52-week high price.

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Valuation Metrics

OHI stock has a beta of 0.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.82 while the price-to-book (PB) in the most recent quarter is 1.83.

As well, the company’s long term debt to equity for the quarter ending June 29 was 1.43, while the total debt to equity was 1.43.. In terms of profitability, the gross margin trailing 12 months is 98.50%. The firm’s gross profit as reported stood at $520.42 million against revenue of $1.06 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Omega Healthcare Investors Inc.’s cash and short-term investments amounted to $669.53 million against total debt of $5.31 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -35.87% to $102.27 million, while revenue of $89.47 million was 12.52% off the previous quarter. Analysts expected OHI to announce $0.37 per share in earnings in its latest quarter, but it posted $0.38, representing a 2.70% surprise. EBITDA for the quarter stood at more than $205.36 million. Shareholders hold equity totaling $234.18 million.

Let’s look briefly at Omega Healthcare Investors Inc. (OHI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 60.56% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.35%.

The stock’s 5-day moving average is $28.39, reflecting a +1.73% or $0.49 change from its current price. OHI is currently trading +2.60% above its 20-day SMA, -10.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.97% and SMA200 by-0.86%.

Stochastic %K and %D was 74.63% and 77.54% and the average true range (ATR) pointed at 0.93. The RSI (14) points at 54.01%, while the 14-day stochastic is at 52.63% with the period’s ATR at 0.86. The stock’s 9-day MACD Oscillator is pointing at 0.33 and 0.39 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Omega Healthcare Investors Inc. (NYSE: OHI), Credit Suisse downgraded it to an Underperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for OHI stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate OHI as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.

What is OHI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $25.00 and a high of $36.00, with their median price target at $30.00. Looking at these predictions, the average price target given by analysts is for Omega Healthcare Investors Inc. (OHI) stock is $29.77.


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