Equities research analysts forecast that Omega Healthcare Investors, Inc. (NYSE:OHI) will report earnings per share (EPS) of $0.76 for the current quarter, according to Zacks. Three analysts have provided estimates for Omega Healthcare Investors’ earnings. The lowest EPS estimate is $0.76 and the highest is $0.77. Omega Healthcare Investors posted earnings of $0.63 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 20.6%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 14th.
On average, analysts expect that Omega Healthcare Investors will report full year earnings of $3.32 per share for the current year, with EPS estimates ranging from $3.27 to $3.45. For the next year, analysts expect that the business will report earnings of $3.33 per share, with EPS estimates ranging from $3.14 to $3.47. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Omega Healthcare Investors.
Several analysts recently weighed in on OHI shares. Zacks Investment Research lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. SunTrust Banks reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Omega Healthcare Investors in a research report on Wednesday, November 1st. BidaskClub downgraded Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Vetr downgraded Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $33.33 price objective on the stock. in a research report on Thursday, October 19th. Finally, TheStreet downgraded Omega Healthcare Investors from a “b-” rating to a “c” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Omega Healthcare Investors currently has a consensus rating of “Hold” and a consensus price target of $31.83.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a dividend of $0.65 per share. The ex-dividend date was Monday, October 30th. This represents a $2.60 dividend on an annualized basis and a yield of 9.56%. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.64. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 333.33%.
In other Omega Healthcare Investors news, Director Craig R. Callen purchased 10,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was bought at an average cost of $27.38 per share, for a total transaction of $273,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bernard J. Korman purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was acquired at an average price of $28.24 per share, with a total value of $2,824,000.00. Following the completion of the purchase, the director now owns 903,895 shares of the company’s stock, valued at approximately $25,525,994.80. The disclosure for this purchase can be found here. 1.54% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Ffcm LLC raised its stake in shares of Omega Healthcare Investors by 197.6% in the second quarter. Ffcm LLC now owns 3,402 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 2,259 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Omega Healthcare Investors by 167.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,432 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 2,150 shares during the last quarter. Barnett & Company Inc. raised its stake in shares of Omega Healthcare Investors by 1,980.0% in the third quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 4,950 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Omega Healthcare Investors by 656.6% in the second quarter. Chicago Partners Investment Group LLC now owns 6,015 shares of the real estate investment trust’s stock worth $193,000 after purchasing an additional 5,220 shares during the last quarter. Finally, Mcmillion Capital Management Inc. purchased a new position in shares of Omega Healthcare Investors in the third quarter worth about $201,000. Institutional investors own 68.12% of the company’s stock.
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About Omega Healthcare Investors
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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