Omega Healthcare Investors, Inc. (OHI)’s Trend Down, Especially After Forming a Bearish Multiple Bottom Pattern

May 23, 2018 - By reb123z

Omega Healthcare Investors, Inc. (NYSE:OHI) Logo

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.59, from 1.42 in 2017Q3. It turned negative, as 57 investors sold Omega Healthcare Investors, Inc. shares while 116 reduced holdings. 38 funds opened positions while 105 raised stakes. 141.70 million shares or 6.90% more from 132.55 million shares in 2017Q3 were reported.
Glenmede Tru Co Na stated it has 0% in Omega Healthcare Investors, Inc. (NYSE:OHI). Great West Life Assurance Can holds 0.01% or 119,106 shares in its portfolio. Delta Asset Mngmt Tn has invested 0% in Omega Healthcare Investors, Inc. (NYSE:OHI). Cornerstone Cap Mgmt Ltd Liability Com holds 92,787 shares or 0.02% of its portfolio. Citadel Advsr Ltd accumulated 0.01% or 507,587 shares. Plante Moran Financial Limited Co holds 0% or 239 shares. First Trust Advisors Lp reported 502,065 shares. Schwab Charles holds 824,185 shares. Webster Savings Bank N A holds 0.01% or 3,755 shares. Ls Inv Advisors Lc holds 0.02% in Omega Healthcare Investors, Inc. (NYSE:OHI) or 12,194 shares. Cetera Advsrs Ltd Com owns 31,976 shares. Assetmark Inc has 0% invested in Omega Healthcare Investors, Inc. (NYSE:OHI). Pzena Investment Mngmt Ltd Liability Company has 10,590 shares for 0% of their portfolio. Howe And Rusling accumulated 0.27% or 54,871 shares. Cypress Cap Management Ltd Company (Wy) holds 500 shares or 0.02% of its portfolio.

The stock of Omega Healthcare Investors, Inc. (OHI) shows a multiple bottoms pattern with $27.80 target or 5.00 % below today’s $29.26 share price. The 6 months chart pattern indicates high risk for the $6.07B company. It was reported on May, 23 by Finviz.com. If the $27.80 price target is reached, the company will be worth $303.40M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 1.14% or $0.33 during the last trading session, reaching $29.26. About 2.25M shares traded or 17.85% up from the average. Omega Healthcare Investors, Inc. (NYSE:OHI) has declined 18.67% since May 23, 2017 and is downtrending. It has underperformed by 30.22% the S&P500.

Analysts await Omega Healthcare Investors, Inc. (NYSE:OHI) to report earnings on July, 25. They expect $0.73 earnings per share, down 16.09 % or $0.14 from last year’s $0.87 per share. OHI’s profit will be $151.39 million for 10.02 P/E if the $0.73 EPS becomes a reality. After $0.78 actual earnings per share reported by Omega Healthcare Investors, Inc. for the previous quarter, Wall Street now forecasts -6.41 % negative EPS growth.

Omega Healthcare Investors, Inc. (NYSE:OHI) Ratings Coverage

Among 6 analysts covering Omega Healthcare (NYSE:OHI), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Omega Healthcare has $34.0 highest and $21.0 lowest target. $27’s average target is -7.72% below currents $29.26 stock price. Omega Healthcare had 12 analyst reports since December 20, 2017 according to SRatingsIntel. The stock of Omega Healthcare Investors, Inc. (NYSE:OHI) has “Buy” rating given on Monday, May 7 by Cantor Fitzgerald. The firm earned “Hold” rating on Monday, January 22 by SunTrust. On Tuesday, February 13 the stock rating was maintained by Jefferies with “Sell”. Stifel Nicolaus maintained it with “Hold” rating and $27.0 target in Wednesday, February 14 report. As per Wednesday, March 7, the company rating was maintained by Cantor Fitzgerald. Jefferies upgraded the stock to “Hold” rating in Wednesday, May 16 report. Cantor Fitzgerald initiated Omega Healthcare Investors, Inc. (NYSE:OHI) rating on Wednesday, December 20. Cantor Fitzgerald has “Buy” rating and $34.0 target. The stock of Omega Healthcare Investors, Inc. (NYSE:OHI) has “Buy” rating given on Tuesday, February 13 by Cantor Fitzgerald. Wells Fargo upgraded Omega Healthcare Investors, Inc. (NYSE:OHI) on Thursday, February 15 to “Outperform” rating. As per Thursday, December 21, the company rating was downgraded by Jefferies.

More notable recent Omega Healthcare Investors, Inc. (NYSE:OHI) news were published by: Seekingalpha.com which released: “Omega Still A DUCK, But Q1 Results Give Hope To The Bulls” on May 08, 2018, also Seekingalpha.com with their article: “Omega Healthcare Investors: A Risky Space To Park Capital” published on April 27, 2018, Seekingalpha.com published: “Omega Healthcare Investors: The Worm Has Turned” on May 11, 2018. More interesting news about Omega Healthcare Investors, Inc. (NYSE:OHI) were released by: Benzinga.com and their article: “Raymond James Picks Welltower, Sabra Health In Underweighted Health Care REIT Sector” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Omega Healthcare Investors’ (OHI) CEO Taylor Pickett on Q1 2018 Results – Earnings Call Transcript” with publication date: May 08, 2018.

Omega Healthcare Investors, Inc. is a real estate investment firm. The company has market cap of $6.07 billion. The firm invests in the real estate markets of United States. It has a 57.71 P/E ratio. It invests in healthcare facilities, primarily in long-term healthcare facilities in order to create its portfolio.

Omega Healthcare Investors, Inc. (NYSE:OHI) Institutional Positions Chart

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