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RBC Capital Sticks to Their Hold Rating for Omega Healthcare (OHI)

Tipranks - Wed Feb 11, 5:38AM CST

In a report released yesterday, Michael Carroll from RBC Capital maintained a Hold rating on Omega Healthcare, with a price target of $47.00. The company’s shares closed yesterday at $44.79.

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According to TipRanks, Carroll is a 5-star analyst with an average return of 7.5% and a 61.48% success rate. Carroll covers the Real Estate sector, focusing on stocks such as Alexandria Equities, EPR Properties, and Lineage, Inc..

Currently, the analyst consensus on Omega Healthcare is a Moderate Buy with an average price target of $47.89, implying a 6.92% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Hold rating on the stock with a $48.00 price target.

Based on Omega Healthcare’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $319.22 million and a net profit of $171.97 million. In comparison, last year the company earned a revenue of $279.32 million and had a net profit of $113.34 million

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