UPDATE: Jefferies Downgrades Omega Healthcare Investors to Hold on Uncertainties
Jefferies lowered its rating on Omega Healthcare Investors (NYSE: OHI) from Buy to Hold.
Jefferies said, "Given: 1) increased uncertainty surrounding the reimbursement environment for SNFs with respect to the upcoming US Presidential Election, 2) OHI's concentration as a pure-play SNF REIT, and 3) limited upside catalysts following a strong run for the stock (+25% YTD), we downgrade OHI to Hold from Buy.
Omega Healthcare Investors closed at $24.01 on Monday.
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