Cantor Fitzgerald Starts Omega Healthcare Investors (OHI) at Overweight

Cantor Fitzgerald analyst Richard Anderson initiates coverage on Omega Healthcare Investors (NYSE: OHI) with a Overweight rating and a price target of $50.00.

The analyst comments: "We rate OHI Overweight based on a $50 price target (19.5% upside from current levels), which assumes a 2026E AFFO multiple of 16.8x (versus a 19.0x average for the REIT industry). Known for its capital allocation acumen, OHI is our choice in the Skilled Nursing category given a balance between valuation upside and spread investing opportunities. In addition, a catalyst may come out of its growing exposure to senior housing, as Maplewood (OHI's third-largest operator with exposure at 6.4% of the total) is steadily growing its rent payments to OHI and, assuming its ultra-high-end Inspir facility in Manhattan continues to make slow but steady improvements, there may be another $15-$20mm of annualized NOI coming out of Maplewood alone. Meanwhile, LaVie (out of bankruptcy) and Genesis (in bankruptcy) look like winners for OHI."

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 $42.22 yesterday.

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