Omega Healthcare Investors Inc to Post FY2018 Earnings of $3.11 Per Share, Jefferies Group Forecasts (OHI)

Omega Healthcare Investors Inc (NYSE:OHI) – Research analysts at Jefferies Group reduced their FY2018 earnings estimates for Omega Healthcare Investors in a research note issued to investors on Tuesday. Jefferies Group analyst O. Okusanya now forecasts that the real estate investment trust will post earnings per share of $3.11 for the year, down from their prior forecast of $3.12. Jefferies Group has a “Underperform” rating on the stock.

Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.67) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($1.50). Omega Healthcare Investors had a net margin of 17.61% and a return on equity of 3.92%.

A number of other brokerages have also weighed in on OHI. Capital One Financial assumed coverage on shares of Omega Healthcare Investors in a research report on Monday, October 23rd. They set an “equal weight” rating and a $34.00 target price for the company. Vetr lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $33.33 target price for the company. in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of Omega Healthcare Investors from a “sell” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, October 4th. ValuEngine upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus lowered shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and cut their target price for the stock from $35.00 to $29.00 in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.14.

Omega Healthcare Investors (NYSE:OHI) traded down $0.28 on Thursday, reaching $26.35. 1,160,000 shares of the company traded hands, compared to its average volume of 2,270,000. The company has a market capitalization of $5,200.00, a price-to-earnings ratio of 34.67, a P/E/G ratio of 2.69 and a beta of 0.49. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.40 and a current ratio of 3.40. Omega Healthcare Investors has a one year low of $26.06 and a one year high of $35.14.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 10.02%. The ex-dividend date of this dividend is Tuesday, January 30th. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.65. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 342.11%.

In other news, Director Bernard J. Korman purchased 100,000 shares of the stock in a transaction dated Friday, December 22nd. The shares were purchased at an average cost of $26.89 per share, with a total value of $2,689,000.00. Following the completion of the acquisition, the director now owns 896,895 shares in the company, valued at approximately $24,117,506.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Craig R. Callen purchased 10,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was purchased at an average cost of $27.38 per share, for a total transaction of $273,800.00. The disclosure for this purchase can be found here. Insiders have acquired 210,000 shares of company stock valued at $5,786,800 in the last quarter. Company insiders own 1.54% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Omega Healthcare Investors by 2.3% in the second quarter. Vanguard Group Inc. now owns 32,497,878 shares of the real estate investment trust’s stock worth $1,073,080,000 after buying an additional 735,367 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Omega Healthcare Investors by 3.6% in the second quarter. BlackRock Inc. now owns 20,606,999 shares of the real estate investment trust’s stock worth $680,443,000 after buying an additional 717,086 shares in the last quarter. State Street Corp lifted its holdings in shares of Omega Healthcare Investors by 4.3% in the second quarter. State Street Corp now owns 6,278,985 shares of the real estate investment trust’s stock worth $207,335,000 after buying an additional 258,035 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Omega Healthcare Investors by 0.9% in the third quarter. Principal Financial Group Inc. now owns 5,554,583 shares of the real estate investment trust’s stock worth $177,245,000 after buying an additional 50,760 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Omega Healthcare Investors by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 3,941,987 shares of the real estate investment trust’s stock worth $125,790,000 after buying an additional 113,042 shares in the last quarter. 68.07% of the stock is currently owned by hedge funds and other institutional investors.

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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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