Wall Street brokerages expect Omega Healthcare Investors, Inc. (NYSE:OHI) to announce earnings per share of $0.83 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Omega Healthcare Investors’ earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.83. Omega Healthcare Investors posted earnings per share of $0.87 in the same quarter last year, which indicates a negative year-over-year growth rate of 4.6%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, July 26th.

According to Zacks, analysts expect that Omega Healthcare Investors will report full-year earnings of $3.37 per share for the current fiscal year, with EPS estimates ranging from $3.35 to $3.38. For the next financial year, analysts expect that the business will post earnings of $3.45 per share, with EPS estimates ranging from $3.43 to $3.47. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Omega Healthcare Investors.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. The business had revenue of $231.74 million during the quarter, compared to analysts’ expectations of $197.55 million. Omega Healthcare Investors had a net margin of 45.16% and a return on equity of 9.95%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $0.83 earnings per share.

A number of brokerages recently issued reports on OHI. Jefferies Group LLC restated a “hold” rating and set a $33.00 price objective on shares of Omega Healthcare Investors in a report on Friday, May 12th. Zacks Investment Research cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Vetr cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $34.12 price objective for the company. in a report on Wednesday, March 29th. Finally, BidaskClub upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.67.

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In related news, CFO Robert O. Stephenson sold 23,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $34.58, for a total value of $795,340.00. Following the transaction, the chief financial officer now directly owns 68,978 shares in the company, valued at $2,385,259.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig R. Callen purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was acquired at an average price of $31.40 per share, for a total transaction of $471,000.00. Following the completion of the purchase, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $565,200. The disclosure for this purchase can be found here. Corporate insiders own 4.54% of the company’s stock.

A number of large investors have recently made changes to their positions in OHI. Advisors Asset Management Inc. increased its stake in shares of Omega Healthcare Investors by 15.0% in the first quarter. Advisors Asset Management Inc. now owns 74,345 shares of the real estate investment trust’s stock worth $2,453,000 after buying an additional 9,715 shares during the last quarter. Howe & Rusling Inc. increased its stake in shares of Omega Healthcare Investors by 19.5% in the first quarter. Howe & Rusling Inc. now owns 232,679 shares of the real estate investment trust’s stock worth $7,676,000 after buying an additional 37,905 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Omega Healthcare Investors by 5.3% in the first quarter. Capstone Asset Management Co. now owns 18,503 shares of the real estate investment trust’s stock worth $610,000 after buying an additional 930 shares during the last quarter. Brookfield Asset Management Inc. increased its stake in shares of Omega Healthcare Investors by 12.5% in the fourth quarter. Brookfield Asset Management Inc. now owns 3,120,526 shares of the real estate investment trust’s stock worth $97,548,000 after buying an additional 347,800 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Omega Healthcare Investors by 2.2% in the fourth quarter. Macquarie Group Ltd. now owns 54,630 shares of the real estate investment trust’s stock worth $1,707,000 after buying an additional 1,150 shares during the last quarter. Hedge funds and other institutional investors own 73.85% of the company’s stock.

Omega Healthcare Investors (NYSE:OHI) traded up 0.66% on Wednesday, hitting $33.45. 1,731,824 shares of the stock traded hands. The stock has a market cap of $6.58 billion, a P/E ratio of 15.68 and a beta of 0.52. The stock has a 50-day moving average price of $32.95 and a 200 day moving average price of $32.66. Omega Healthcare Investors has a 12-month low of $28.11 and a 12-month high of $38.09.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be given a dividend of $0.64 per share. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.63. This represents a $2.56 annualized dividend and a yield of 7.65%. The ex-dividend date is Friday, July 28th. Omega Healthcare Investors’s dividend payout ratio is 118.31%.

Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.

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Earnings History and Estimates for Omega Healthcare Investors (NYSE:OHI)

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