Omega Healthcare Investors (OHI) PT Raised to $32 at Truist Securities

Truist Securities analyst Michael Lewis raised the price target on Omega Healthcare Investors (NYSE: OHI) to $32.00 (from $31.00) while maintaining a Hold rating.

The analyst comments "We are reducing our FFO estimates, largely to reflect more conservative timing on the Guardian (private) restructuring and Maplewood (private) return to full contractual rent. That said, we are encouraged by improving occupancy and rent coverage, and the company has a healthy balance sheet and access to capital to facilitate new investments. We are raising our price target to $32 from $31, as described below, which implies a 9.5% total return."

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