Traders Are Bearish Omega Healthcare Investors, Inc. (OHI) After The Stock Formed Multiple Bottom Chart Pattern

May 23, 2018 - By Darrin Black

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

Investors sentiment decreased to 0.83 in Q4 2017. 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.
The Georgia-based Voya Inv Mgmt Ltd Liability has invested 0.02% in Omega Healthcare Investors, Inc. (NYSE:OHI). Stephens Inc Ar reported 0.04% in Omega Healthcare Investors, Inc. (NYSE:OHI). Bremer Tru Natl Association invested 0.15% in Omega Healthcare Investors, Inc. (NYSE:OHI). Benjamin F Edwards And invested 0% of its portfolio in Omega Healthcare Investors, Inc. (NYSE:OHI). Valley Advisers invested in 175 shares. Teacher Retirement System Of Texas accumulated 67,700 shares. Honeywell owns 0.05% invested in Omega Healthcare Investors, Inc. (NYSE:OHI) for 56,210 shares. Riverhead Capital Mngmt holds 25,865 shares. D E Shaw And stated it has 63,735 shares or 0% of all its holdings. Moreover, Fifth Third Bank has 0% invested in Omega Healthcare Investors, Inc. (NYSE:OHI). Oxbow Advsrs Ltd Liability Corporation has 0.7% invested in Omega Healthcare Investors, Inc. (NYSE:OHI). Charter Trust Company owns 0.03% invested in Omega Healthcare Investors, Inc. (NYSE:OHI) for 8,719 shares. Regions Financial, a Alabama-based fund reported 3,292 shares. Balyasny Asset Mngmt Ltd Liability Corp reported 49,200 shares. Edmp Inc invested 2.6% of its portfolio in Omega Healthcare Investors, Inc. (NYSE:OHI).

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 $151.39M 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 rating was maintained by SunTrust on Wednesday, February 14 with “Hold”. The stock of Omega Healthcare Investors, Inc. (NYSE:OHI) earned “Sell” rating by Jefferies on Tuesday, February 13. The stock of Omega Healthcare Investors, Inc. (NYSE:OHI) earned “Buy” rating by Cantor Fitzgerald on Wednesday, December 20. Cantor Fitzgerald maintained it with “Buy” rating and $3400 target in Monday, May 7 report. Wells Fargo upgraded the stock to “Outperform” rating in Thursday, February 15 report. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, February 14 report. The firm has “Hold” rating given on Wednesday, May 16 by Jefferies. The stock has “Hold” rating by SunTrust on Monday, January 22. The stock has “Sell” rating by Jefferies on Thursday, December 21. The firm has “Buy” rating by Cantor Fitzgerald given on Tuesday, February 13.

More notable recent Omega Healthcare Investors, Inc. (NYSE:OHI) news were published by: Benzinga.com which released: “Raymond James Picks Welltower, Sabra Health In Underweighted Health Care REIT Sector” on May 21, 2018, also Seekingalpha.com with their article: “Omega Still A DUCK, But Q1 Results Give Hope To The Bulls” published on May 08, 2018, Seekingalpha.com published: “Omega Healthcare Investors’ (OHI) CEO Taylor Pickett on Q1 2018 Results – Earnings Call Transcript” on May 08, 2018. More interesting news about Omega Healthcare Investors, Inc. (NYSE:OHI) were released by: Seekingalpha.com and their article: “Omega Healthcare Investors: The Worm Has Turned” published on May 11, 2018 as well as Seekingalpha.com‘s news article titled: “Data! Data! Data! I Can’t Make Bricks Without Clay” with publication date: April 25, 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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