Omega Healthcare Investors Inc. [NYSE: OHI] loss -5.48% or -1.79 points to close at $30.87 with a heavy trading volume of 4351181 shares. The company report on November 2, 2022 that Omega Reports Third Quarter 2022 Results and Recent Developments.
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Completed $87 Million in New Investments.
Omega Healthcare Investors, Inc. (NYSE: OHI) (the “Company” or “Omega”) announced today its results for the quarter ended September 30, 2022.
It opened the trading session at $32.61, the shares rose to $32.70 and dropped to $30.57, the range by which the price of stock traded the whole day. The daily chart for OHI points out that the company has recorded 13.74% gains over the past six months. However, it is still -24.43% lower than its most recent low trading price.
If we look at the average trading volume of 1.95M shares, OHI reached to a volume of 4351181 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Omega Healthcare Investors Inc. [OHI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OHI shares is $32.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OHI stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Robert W. Baird have made an estimate for Omega Healthcare Investors Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 10, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price from $27 to $35. The new note on the price target was released on August 05, 2022, representing the official price target for Omega Healthcare Investors Inc. stock. Previously, the target price had yet another drop from $32 to $28, while Jefferies kept a Hold rating on OHI stock.
The Average True Range (ATR) for Omega Healthcare Investors Inc. is set at 1.07, with the Price to Sales ratio for OHI stock in the period of the last 12 months amounting to 7.03. The Price to Book ratio for the last quarter was 1.95, with the Price to Cash per share for the same quarter was set at 0.71.
Trading performance analysis for OHI stock
Omega Healthcare Investors Inc. [OHI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.14. With this latest performance, OHI shares gained by 4.89% in over the last four-week period, additionally plugging by 13.74% over the last 6 months – not to mention a rise of 6.78% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OHI stock in for the last two-week period is set at 47.89, with the RSI for the last a single of trading hit 44.82, and the three-weeks RSI is set at 48.89 for Omega Healthcare Investors Inc. [OHI]. The present Moving Average for the last 50 days of trading for this stock 30.96, while it was recorded at 31.71 for the last single week of trading, and 29.84 for the last 200 days.
Omega Healthcare Investors Inc. [OHI]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OHI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Omega Healthcare Investors Inc. go to -1.30%.
An analysis of insider ownership at Omega Healthcare Investors Inc. [OHI]
There are presently around $4,728 million, or 66.50% of OHI stock, in the hands of institutional investors. The top three institutional holders of OHI stocks are: VANGUARD GROUP INC with ownership of 34,272,520, which is approximately -1.782% of the company’s market cap and around 0.39% of the total institutional ownership; BLACKROCK INC., holding 26,565,914 shares of the stock with an approximate value of $820.09 million in OHI stocks shares; and STATE STREET CORP, currently with $404.05 million in OHI stock with ownership of nearly -1.591% of the company’s market capitalization.
Positions in Omega Healthcare Investors Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 240 institutional holders increased their position in Omega Healthcare Investors Inc. [NYSE:OHI] by around 9,273,525 shares. Additionally, 211 investors decreased positions by around 12,523,163 shares, while 86 investors held positions by with 131,355,168 shares. The mentioned changes placed institutional holdings at 153,151,856 shares, according to the latest SEC report filing. OHI stock had 60 new institutional investments in for a total of 2,896,886 shares, while 47 institutional investors sold positions of 889,917 shares during the same period.