Omega Healthcare Investors Inc (NYSE:OHI) – Mitsubishi UFJ Financial Group raised their Q2 2019 earnings estimates for shares of Omega Healthcare Investors in a report issued on Monday, February 11th. Mitsubishi UFJ Financial Group analyst K. Ford now anticipates that the real estate investment trust will earn $0.77 per share for the quarter, up from their prior forecast of $0.76. Mitsubishi UFJ Financial Group has a “Overweight” rating and a $40.00 price objective on the stock. Mitsubishi UFJ Financial Group also issued estimates for Omega Healthcare Investors’ Q3 2019 earnings at $0.78 EPS.
A number of other equities research analysts also recently issued reports on OHI. Zacks Investment Research upgraded Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. upped their price objective on Omega Healthcare Investors to $34.00 and gave the company a “neutral” rating in a research report on Monday, November 5th. Stifel Nicolaus set a $34.00 price objective on Omega Healthcare Investors and gave the company a “hold” rating in a research report on Monday, November 5th. TheStreet upgraded Omega Healthcare Investors from a “c” rating to a “b-” rating in a research report on Thursday, November 8th. Finally, Raymond James upgraded Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday, November 16th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.44.
Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Monday, February 11th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.43). Omega Healthcare Investors had a net margin of 31.91% and a return on equity of 7.32%. The company had revenue of $219.75 million for the quarter, compared to analysts’ expectations of $223.27 million.
The company also recently disclosed 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 annualized dividend and a yield of 7.29%. Omega Healthcare Investors’s payout ratio is currently 80.00%.
In other Omega Healthcare Investors news, insider Michael Ritz sold 2,000 shares of the firm’s 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 transaction, the insider now directly owns 8,076 shares in the company, valued at approximately $286,698. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven J. Insoft sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $37.25, for a total value of $931,250.00. Following the transaction, the insider now owns 315,720 shares in the company, valued at $11,760,570. The disclosure for this sale can be found here. Insiders have sold a total of 86,000 shares of company stock worth $3,321,750 over the last 90 days. 1.65% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Green Street Investors LLC purchased a new position in Omega Healthcare Investors during the 3rd quarter worth $5,224,000. Morgan Stanley increased its holdings in Omega Healthcare Investors by 2.4% during the 3rd quarter. Morgan Stanley now owns 1,017,075 shares of the real estate investment trust’s stock worth $33,329,000 after purchasing an additional 23,415 shares during the period. Lincoln National Corp purchased a new position in Omega Healthcare Investors during the 3rd quarter worth $222,000. Stratos Wealth Partners LTD. purchased a new position in Omega Healthcare Investors during the 3rd quarter worth $132,000. Finally, Global Endowment Management LP purchased a new position in Omega Healthcare Investors during the 3rd quarter worth $1,613,000. Institutional investors own 72.74% 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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