Wall Street analysts expect Omega Healthcare Investors Inc (NYSE:OHI) to post earnings of $0.74 per share for the current quarter, according to Zacks. Five analysts have made estimates for Omega Healthcare Investors’ earnings, with estimates ranging from $0.72 to $0.77. Omega Healthcare Investors posted earnings per share of $0.78 in the same quarter last year, which suggests a negative year-over-year growth rate of 5.1%. The firm is scheduled to report its next quarterly earnings results on Monday, May 6th.
According to Zacks, analysts expect that Omega Healthcare Investors will report full year earnings of $3.08 per share for the current year, with EPS estimates ranging from $3.07 to $3.12. For the next financial year, analysts expect that the firm will report earnings of $3.26 per share, with EPS estimates ranging from $3.23 to $3.31. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Omega Healthcare Investors.
Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Monday, February 11th. The real estate investment trust reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.43). Omega Healthcare Investors had a net margin of 31.94% and a return on equity of 7.37%. The business had revenue of $219.75 million for the quarter, compared to analysts’ expectations of $223.27 million.
A number of analysts have commented on OHI shares. Stifel Nicolaus upped their target price on shares of Omega Healthcare Investors to $34.00 in a report on Sunday, December 2nd. ValuEngine raised shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. Mitsubishi UFJ Financial Group raised shares of Omega Healthcare Investors from a “neutral” rating to an “overweight” rating and upped their target price for the company from $34.00 to $40.00 in a report on Friday, January 4th. Bank of America reaffirmed a “hold” rating on shares of Omega Healthcare Investors in a report on Monday, November 19th. Finally, Zacks Investment Research cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $35.80.
In related news, insider Steven J. Insoft sold 50,000 shares of the company’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $40.00, for a total transaction of $2,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Daniel J. Booth sold 40,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $36.51, for a total transaction of $1,460,400.00. Following the transaction, the chief operating officer now owns 187,206 shares of the company’s stock, valued at approximately $6,834,891.06. The disclosure for this sale can be found here. Corporate insiders own 1.65% of the company’s stock.
Large investors have recently modified their holdings of the stock. JOYN Advisors Inc. boosted its position in shares of Omega Healthcare Investors by 58.4% during the fourth quarter. JOYN Advisors Inc. now owns 1,033 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 381 shares during the last quarter. Enlightenment Research LLC bought a new position in shares of Omega Healthcare Investors during the fourth quarter worth $49,000. Bedel Financial Consulting Inc. bought a new position in shares of Omega Healthcare Investors during the fourth quarter worth $51,000. Fort L.P. bought a new position in shares of Omega Healthcare Investors during the fourth quarter worth $69,000. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Omega Healthcare Investors by 3,415.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,757,904 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 2,679,443 shares during the last quarter. Hedge funds and other institutional investors own 68.46% of the company’s stock.
Shares of OHI stock opened at $36.37 on Friday. Omega Healthcare Investors has a 12 month low of $25.14 and a 12 month high of $40.30. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 6.06 and a beta of 0.49. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.93 and a quick ratio of 3.93.
The company also recently declared a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were given a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 7.26%. Omega Healthcare Investors’s payout ratio is currently 86.84%.
Omega Healthcare Investors Company Profile
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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