|Over a week ago|
Omega Healthcare assumed with a Neutral at Mizuho » 07:2207/1407/14/21
Mizuho analyst Haendel…
Mizuho analyst Haendel St. Juste assumed coverage of Omega Healthcare Investors with a Neutral rating and $39 price target following an analyst departure. The rating and price target are unchanged.
|Over a month ago|
Omega Healthcare downgraded on rent referral risk at Scotiabank » 08:1206/1706/17/21
Scotiabank analyst Nicholas Yulico downgraded Omega Healthcare to Sector Perform from Outperform with a price target of $39, down from $41. The current valuation has limited upside due to risk of future tenant deferrals for skilled nursing facility operators, Yulico tells investors in a research note. Further, the analyst believes Omega faces limited earnings growth unless the acquisition market improves. He views "deteriorating" skilled nursing facility rent coverage as a potential problem for tenants needing to repay advanced Medicare payments.
Omega Healthcare downgraded to Sector Perform from Outperform at Scotiabank » 05:3406/1706/17/21
Scotiabank analyst Nicholas Yulico downgraded Omega Healthcare to Sector Perform from Outperform with a $39 price target.
Omega Healthcare initiated with a Peer Perform at Wolfe Research » 16:3606/1406/14/21
Wolfe Research analyst…
Wolfe Research analyst Andrew Rosivach initiated coverage of Omega Healthcare with a Peer Perform rating and $43 price target. The analyst says the company's earnings growth will not participate in a broader commercial real estate recovery "given different corporate drivers."
Omega Healthcare files automatic mixed securities shelf 16:2205/1305/13/21
Omega Healthcare reports Q1 FFO 85c, consensus 83c » 16:3205/0305/03/21
Reports Q1 revenue…
Reports Q1 revenue $273.8M, consensus $263.57M. Taylor Pickett, Omega's CEO, stated, "We are pleased with our start to 2021, closing on nearly $600 million of acquisitions and reporting strong quarterly AFFO and FAD, as well as continued excellent rent collections. Furthermore, we were able to take advantage of robust capital markets to issue both debt and equity, enabling us to extend our debt maturities, fund acquisitions, and enhance our balance sheet. In addition, we are excited to announce that Maplewood's flagship property, Inspr Carnegie Hill in Manhattan, opened its doors to its first residents in March."
|Over a quarter ago|
Omega Healthcare announces acquisition of Connect Living; terms not disclosed » 12:1103/1003/10/21
Omega Healthcare Investors announced the acquisition of Connected Living, a technology platform that enables communication and connection for today's aging adult communities. Taylor Pickett, Omega's CEO, stated, "We are excited to have partnered with Connected Living and their industry-leading technology. Human connection and engagement have always been key elements of effective resident care, and the pandemic has reinforced their importance. Through Connected Living, we look forward to helping senior care centers connect residents with staff, family, and friends to provide an enhanced experience for everyone."
Omega Healthcare reports Q4 AFFO 81c, consensus 81c » 16:3102/0402/04/21
Reports Q4 revenue…
Reports Q4 revenue $263.8M, consensus $255.05M. Taylor Pickett, Omega's Chief Executive Officer, stated, "We are pleased to finish an unprecedented year with strong quarterly AFFO and FAD, as well as continued excellent rent collections. Furthermore, we are excited to announce a new relationship with Brookdale, a leading operator of senior living communities, through our acquisition of 24 facilities for $510 million from Healthpeak Properties in January. We also took advantage of strong capital markets in the quarter to issue both debt and equity to enhance our balance sheet and fund acquisitions."
Omega Healthcare upgraded to Buy on Democratic 'boon' at Jefferies » 08:0601/1301/13/21
Jefferies analyst Jonathan Petersen upgraded Omega Healthcare Investors to Buy from Hold with a price target of $40, up from $35. With Democratic control of Congress, more stimulus is "very likely," which will continue to support skilled nursing facility operators, Petersen tells investors in a research note. Democratic control of Congress is a "boon" for skilled nursing providers in dismal 2021, says the analyst. Petersen notes that throughout the pandemic, Omega has collected 100% of rents from its skilled nursing operators, largely due to the $175B Provider Relief Fund. He finds the stock's valuation "quite attractive" despite the recent rally.
Mizuho downgrades Omega, Sabra on neutral skilled nursing stance » 06:0301/1301/13/21
Mizuho analyst Omotayo…
Mizuho analyst Omotayo Okusanya downgraded both Omega Healthcare Investors (OHI) and Sabra Health Care REIT (SBRA) to Neutral from Buy with price targets of $36 and $18, respectively. The analyst is taking a neutral stance on the skilled nursing real estate investment trust segment in 2021. With a new administration, it is "somewhat unclear" if future stimulus packages will provide additional funding as robust as the CARES Act, Okusanya tells investors in a research note. Further, a slow vaccine rollout in the U.S is also likely to delay the recovery of the skilled nursing segment, adds the analyst.