Insider Selling: Michael Ritz Sells 2,500 Shares of Omega Healthcare Investors Stock (OHI)
Omega Healthcare Investors (NYSE:OHI) CAO Michael Ritz sold 2,500 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $35.75, for a total value of $89,375.00. Following the sale, the chief accounting officer now directly owns 10,222 shares in the company, valued at approximately $365,437. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Omega Healthcare Investors (NYSE:OHI) traded down 0.25% on Thursday, hitting $35.65. 265,418 shares of the company’s stock traded hands. Omega Healthcare Investors has a 1-year low of $27.37 and a 1-year high of $38.41. The stock’s 50-day moving average is $34.1 and its 200-day moving average is $32.34. The company has a market cap of $4.471 billion and a P/E ratio of 22.75.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. The company had revenue of $121.00 million for the quarter, compared to the consensus estimate of $99.76 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Analysts expect that Omega Healthcare Investors will post $2.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend is Monday, April 28th. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.49.
Separately, analysts at Jefferies Group raised their price target on shares of Omega Healthcare Investors to $32.00 in a research note on Monday, February 10th. They now have a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.33.
Omega Healthcare Investors, Inc (NYSE:OHI) is a self-administered real estate investment trust (REIT), investing in income-producing healthcare facilities, such as long-term care facilities located throughout the United States.
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