As published in a research note from Credit Suisse on January 09, 2023, Omega Healthcare Investors Inc. [OHI] has been rated down from a Neutral to an Underperform and the price target has been revised to $25. This represents a -8.28% premium over Thursday’s closing price. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of October 10, 2022, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for OHI. Earlier on August 05, 2022, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for OHI stock which previously was a “an Underperform”.
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Analyzing OHI Stock Performance
On Thursday, Omega Healthcare Investors Inc. [NYSE: OHI] rose 0.22% to $27.07. The stock’s lowest price that day was $26.96, but it reached a high of $27.28 in the same session. During the last five days, there has been a drop of approximately -3.73%. Over the course of the year, Omega Healthcare Investors Inc. shares have dropped approximately -3.15%. Shares of the company reached a 52-week high of $31.26 on 01/24/23 and a 52-week low of $26.13 on 01/10/23. A 50-day SMA is recorded $28.35, while a 200-day SMA reached $29.95. Nevertheless, trading volume fell to 2.09 million shares from 2.47 million shares the previous day.
Support And Resistance Levels for Omega Healthcare Investors Inc. (OHI)
According to the 24-hour chart, there is a support level at 26.93, which, if violated, would cause prices to drop to 26.78. In the upper region, resistance lies at 27.25. The next price resistance is at 27.42. RSI (Relative Strength Index) is 38.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.83, which suggests the price will decrease in the coming days. Percent R is at 95.88%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Omega Healthcare Investors Inc. subject to short interest?
Stocks of Omega Healthcare Investors Inc. saw a sharp rise in short interest on Jan 12, 2023 jumping by 2.37 million shares to 22.79 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 20.42 million shares. A jump of 10.4% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 9.54 of the overall float, the days-to-cover ratio (short ratio) jumped to 9.54.
Which companies own the most shares of Omega Healthcare Investors Inc. (OHI)?
According to The Vanguard Group, Inc. filings, the company currently owns 33,859,699 shares, which is about 14.46% of the total OHI shares outstanding. The investor’s shares have appreciated by 210,976 from its previous 13-F filing of 33648723.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $678,235,011. SSgA Funds Management, Inc. acquire a 2.22% interest valued at $388.19 million while Geode Capital Management LLC purchased a 160,524 stake. A total of -13,296 shares of Omega Healthcare Investors Inc. were bought by Dimensional Fund Advisors LP during the quarter, and 208,400 were bought by LSV Asset Management. In its current portfolio, Federated Equity Management Compa holds 2,786,743 shares valued at $82.04 million.
In terms of Omega Healthcare Investors Inc. share price expectations, FactSet research, analysts set an average price target of $29.25 in the next 12 months, up nearly 7.37% from the previous closing price of $27.01. Analysts anticipate Omega Healthcare Investors Inc. stock to reach $36.00 by 2023, with the lowest price target being $24.00. In spite of this, 14 analysts ranked Omega Healthcare Investors Inc. stock as a Hold at the end of 2023. On June 30, 2022, Jefferies assigned a price target of “a Hold” to the stock and downgraded coverage with a $28.