Omega Healthcare Investors Inc (OHI) Expected to Post Earnings of $0.77 Per Share

Equities analysts expect Omega Healthcare Investors Inc (NYSE:OHI) to announce earnings of $0.77 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Omega Healthcare Investors’ earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.78. Omega Healthcare Investors posted earnings of $0.88 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 12.5%. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, February 13th.

According to Zacks, 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 fiscal year, analysts forecast that the firm will post earnings of $3.30 per share, with EPS estimates ranging from $3.18 to $3.47. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Omega Healthcare Investors.

OHI has been the topic of a number of research reports. TheStreet lowered Omega Healthcare Investors from a “b-” rating to a “c” rating in a research report on Monday, October 30th. Capital One Financial assumed coverage on Omega Healthcare Investors in a report on Monday, October 23rd. They set an “equal weight” rating and a $34.00 target price on the stock. Vetr downgraded Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $32.96 target price on the stock. in a report on Monday, October 30th. Zacks Investment Research downgraded Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Hilliard Lyons downgraded Omega Healthcare Investors to a “buy” rating in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.85.

In other Omega Healthcare Investors news, Director Bernard J. Korman acquired 100,000 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were bought at an average cost of $26.89 per share, with a total value of $2,689,000.00. Following the purchase, the director now directly owns 896,895 shares of the company’s stock, valued at $24,117,506.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.54% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. Barnett & Company Inc. lifted its stake in shares of Omega Healthcare Investors by 1,980.0% in the 3rd quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock valued at $166,000 after purchasing an additional 4,950 shares during the period. Mcmillion Capital Management Inc. acquired a new position in shares of Omega Healthcare Investors in the 3rd quarter valued at about $201,000. Lourd Capital LLC bought a new stake in Omega Healthcare Investors in the 4th quarter valued at about $202,000. Timber Hill LLC bought a new stake in Omega Healthcare Investors in the 3rd quarter valued at about $206,000. Finally, Good Life Advisors LLC bought a new stake in Omega Healthcare Investors in the 3rd quarter valued at about $209,000. 67.91% of the stock is currently owned by institutional investors.

Shares of Omega Healthcare Investors (NYSE:OHI) opened at $26.14 on Thursday. The firm has a market capitalization of $5,223.19, a price-to-earnings ratio of 31.88, a P/E/G ratio of 2.72 and a beta of 0.41. Omega Healthcare Investors has a 52-week low of $24.90 and a 52-week high of $35.14. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 1.18.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a yield of 10.10%. Omega Healthcare Investors’s payout ratio is presently 321.96%.

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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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