Jefferies Cuts Price Target on Omega Healthcare Investors (OHI) Following Investor Day

November 11, 2016 8:15 AM EST
Get Alerts OHI Hot Sheet
Price: $32.91 -0.24%

Rating Summary:
    4 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 21 | New: 54
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Jefferies maintained a Buy rating on Omega Healthcare Investors (NYSE: OHI), and cut the price target to $35.00 (from $40.00), following the company's investor day.

Analyst Omotayo Okusanya commented, "We attended OHI's Investor Day where four of OHI's key operators discussed the current environment in the Skilled Nursing Facility (SNF) space. Overall, we believe that ongoing changes in reimbursement will continue to put pressure on rent coverage at OHI's tenants. We lower our PT to $35 (from $40) but reiterate our BUY given low risk of rent concessions/defaults."

For an analyst ratings summary and ratings history on Omega Healthcare Investors click here. For more ratings news on Omega Healthcare Investors click here.

Shares of Omega Healthcare Investors closed at $28.39 yesterday.

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