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

Wall Street analysts expect that Omega Healthcare Investors Inc (NYSE:OHI) will post earnings of $0.77 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Omega Healthcare Investors’ earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.76. Omega Healthcare Investors posted earnings per share of $0.79 in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.5%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 12th.

According to Zacks, analysts expect that Omega Healthcare Investors will report full-year earnings of $3.06 per share for the current financial year, with EPS estimates ranging from $3.03 to $3.09. For the next financial year, analysts forecast that the company will post earnings of $3.16 per share, with EPS estimates ranging from $3.14 to $3.18. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Omega Healthcare Investors.

Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.46). The business had revenue of $192.30 million during the quarter, compared to the consensus estimate of $194.40 million. Omega Healthcare Investors had a return on equity of 7.32% and a net margin of 31.91%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share.

OHI has been the subject of a number of research reports. ValuEngine lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Wednesday, December 12th. Zacks Investment Research raised Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Bank of America raised Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research note on Friday, November 16th. initiated coverage on Omega Healthcare Investors in a research note on Tuesday, October 2nd. They set a “neutral” rating and a $31.00 price target for the company. They noted that the move was a valuation call. Finally, Stifel Nicolaus set a $34.00 price target on Omega Healthcare Investors and gave the company a “hold” rating in a research note on Monday, November 5th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.33.

Shares of NYSE OHI opened at $36.47 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.17 and a quick ratio of 4.17. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 5.71 and a beta of 0.31. Omega Healthcare Investors has a 1 year low of $24.90 and a 1 year high of $38.34.

In other news, insider Michael Ritz sold 2,000 shares of the stock in a transaction on Monday, November 19th. The stock was sold at an average price of $35.50, for a total transaction of $71,000.00. Following the completion of the sale, the insider now owns 8,076 shares in the company, valued at approximately $286,698. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven J. Insoft sold 25,000 shares of the stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $37.25, for a total value of $931,250.00. Following the sale, the insider now owns 315,720 shares of the company’s stock, valued at approximately $11,760,570. The disclosure for this sale can be found here. Insiders have sold a total of 36,000 shares of company stock valued at $1,321,750 in the last quarter. Insiders own 1.65% of the company’s stock.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Omega Healthcare Investors by 2.7% during the 3rd quarter. BlackRock Inc. now owns 22,472,026 shares of the real estate investment trust’s stock valued at $736,410,000 after acquiring an additional 600,867 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Omega Healthcare Investors by 14.9% in the second quarter. Bank of New York Mellon Corp now owns 5,689,457 shares of the real estate investment trust’s stock valued at $176,373,000 after purchasing an additional 736,393 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in shares of Omega Healthcare Investors by 19.5% in the third quarter. Federated Investors Inc. PA now owns 3,213,565 shares of the real estate investment trust’s stock valued at $105,309,000 after purchasing an additional 524,162 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Omega Healthcare Investors by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,115,660 shares of the real estate investment trust’s stock valued at $102,097,000 after purchasing an additional 11,565 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Omega Healthcare Investors by 4.4% in the second quarter. Northern Trust Corp now owns 2,976,392 shares of the real estate investment trust’s stock valued at $92,268,000 after purchasing an additional 125,832 shares in the last quarter. Institutional investors own 73.39% of the company’s stock.

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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Earnings History and Estimates for Omega Healthcare Investors (NYSE:OHI)

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