Omega Healthcare Investors (NYSE:OHI) updated its FY 2019 earnings guidance on Monday. The company provided EPS guidance of $3.00-3.12 for the period. Omega Healthcare Investors also updated its Q4 2019 guidance to $0.78-0.81 EPS.
A number of brokerages have recently issued reports on OHI. Scotiabank began coverage on Omega Healthcare Investors in a research note on Thursday. They set a sector perform rating and a $39.37 price objective on the stock. Stifel Nicolaus lowered Omega Healthcare Investors from a buy rating to a hold rating and set a $39.00 price objective on the stock. in a report on Thursday. Mitsubishi UFJ Financial Group raised Omega Healthcare Investors from a neutral rating to an overweight rating and increased their target price for the stock from $34.00 to $40.00 in a report on Friday, January 4th. ValuEngine raised Omega Healthcare Investors from a hold rating to a buy rating in a research note on Friday, January 4th. Finally, Bank of America reiterated a hold rating on shares of Omega Healthcare Investors in a research report on Monday, November 19th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $34.44.
OHI traded up $0.08 during trading on Monday, hitting $39.26. 1,549,449 shares of the company’s stock traded hands, compared to its average volume of 1,657,602. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 6.37 and a beta of 0.52. Omega Healthcare Investors has a 12-month low of $25.05 and a 12-month high of $40.30. The company has a current ratio of 4.17, a quick ratio of 4.17 and a debt-to-equity ratio of 1.21.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, January 30th. This represents a $2.64 dividend on an annualized basis and a yield of 6.72%. Omega Healthcare Investors’s dividend payout ratio is presently 80.00%.
In other Omega Healthcare Investors news, insider Michael Ritz sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $34.75, for a total transaction of $208,500.00. Following the completion of the transaction, the insider now owns 10,076 shares in the company, valued at $350,141. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven J. Insoft sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $40.00, for a total value of $2,000,000.00. The disclosure for this sale can be found here. Insiders sold 86,000 shares of company stock worth $3,321,750 over the last ninety days. Insiders own 1.65% of the company’s stock.
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About Omega Healthcare Investors
Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the US, as well as in the UK.
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