Jefferies Raises Numbers On Omega Healthcare Investors (OI) After Q4 Results

Jefferies raised estimates and its price target on Omega Healthcare Investors (NYSE: OHI) from $21 to $24 following Q4 results, which the firm said sets up for strong 2012 performance.

Q1 EPS goes from $0.47 to $0.51, FY12 from $1.91 to $2.04 and FY13 from $1.98 to $2.10.

The firm comments, "We believe OHI shares are undervalued at current levels. Medicare reimbursement trends for skilled nursing remains an overhang, but it appears operators are adjusting to rate cuts better-than-expected. As such, we believe risk of tenant rent defaults at OHI is low. We reiterate our Buy rating on OHI shares."

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 $21.84 yesterday, with a 52 week range of $14.40-$24.46.

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