Brokerages Anticipate Omega Healthcare Investors Inc (OHI) Will Post Earnings of $0.77 Per Share

Wall Street brokerages forecast that Omega Healthcare Investors Inc (NYSE:OHI) will announce earnings of $0.77 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Omega Healthcare Investors’ earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.76. Omega Healthcare Investors reported earnings per share of $0.88 during the same quarter last year, which suggests a negative year-over-year growth rate of 12.5%. The company is expected to report its next earnings results on Wednesday, February 14th.

On average, analysts expect that Omega Healthcare Investors will report full-year earnings of $3.29 per share for the current year, with EPS estimates ranging from $3.27 to $3.30. For the next year, analysts expect that the firm will post earnings of $3.30 per share, with EPS estimates ranging from $3.18 to $3.47. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Omega Healthcare Investors.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates 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 research firms have recently issued reports on OHI. Capital One Financial began coverage on Omega Healthcare Investors in a report on Monday, October 23rd. They issued an “equal weight” rating and a $34.00 target price for the company. Vetr lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $33.33 target price for the company. in a report on Thursday, October 19th. Zacks Investment Research upgraded Omega Healthcare Investors from a “sell” rating to a “buy” rating and set a $35.00 target price for the company in a report on Wednesday, October 4th. Jefferies Group restated a “hold” rating and issued a $30.00 target price on shares of Omega Healthcare Investors in a report on Tuesday, October 3rd. Finally, ValuEngine upgraded Omega Healthcare Investors from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.14.

Shares of Omega Healthcare Investors (NYSE OHI) opened at $26.50 on Monday. Omega Healthcare Investors has a 52-week low of $26.01 and a 52-week high of $35.14. The company has a market capitalization of $5,248.94, a price-to-earnings ratio of 32.32, a PEG ratio of 2.74 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.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 9.96%. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, January 30th. Omega Healthcare Investors’s dividend payout ratio (DPR) is currently 317.08%.

In other news, Director Bernard J. Korman acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was acquired at an average cost of $26.89 per share, for a total transaction of $2,689,000.00. Following the completion of the acquisition, the director now owns 896,895 shares in the company, valued at $24,117,506.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig R. Callen acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were purchased at an average price of $27.38 per share, with a total value of $273,800.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 210,000 shares of company stock valued at $5,786,800. 1.54% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of OHI. Barnett & Company Inc. increased its position in Omega Healthcare Investors by 1,980.0% during the third quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 4,950 shares during the last quarter. Mcmillion Capital Management Inc. acquired a new position in Omega Healthcare Investors during the third quarter worth $201,000. Timber Hill LLC acquired a new position in Omega Healthcare Investors during the third quarter worth $206,000. Good Life Advisors LLC acquired a new position in Omega Healthcare Investors during the third quarter worth $209,000. Finally, HighPoint Advisor Group LLC acquired a new position in Omega Healthcare Investors during the third quarter worth $216,000. 67.93% 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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