Equities research analysts expect that Omega Healthcare Investors, Inc. (NYSE:OHI) will report sales of $219.07 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Omega Healthcare Investors’ earnings. The highest sales estimate is $220.99 million and the lowest is $217.60 million. Omega Healthcare Investors reported sales of $234.49 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.6%. The firm is scheduled to issue its next earnings report on Wednesday, February 14th.
On average, analysts expect that Omega Healthcare Investors will report full year sales of $219.07 million for the current fiscal year, with estimates ranging from $905.04 million to $936.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $929.88 million per share, with estimates ranging from $886.01 million to $958.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Omega Healthcare Investors.
OHI has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Jefferies Group reaffirmed a “hold” rating and set a $30.00 price target on shares of Omega Healthcare Investors in a report on Tuesday, October 3rd. Vetr downgraded shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $33.33 price target on the stock. in a report on Thursday, October 19th. Finally, Capital One Financial initiated coverage on shares of Omega Healthcare Investors in a report on Monday, October 23rd. They set an “equal weight” rating and a $34.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Omega Healthcare Investors has a consensus rating of “Hold” and a consensus target price of $31.83.
In other Omega Healthcare Investors news, Director Bernard J. Korman acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were bought at an average price of $28.24 per share, with a total value of $2,824,000.00. Following the completion of the acquisition, the director now owns 903,895 shares in the company, valued at approximately $25,525,994.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig R. Callen acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was acquired at an average cost of $27.38 per share, for a total transaction of $273,800.00. The disclosure for this purchase can be found here. Company insiders own 1.54% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of OHI. US Bancorp DE boosted its holdings in shares of Omega Healthcare Investors by 26.4% in the second quarter. US Bancorp DE now owns 35,191 shares of the real estate investment trust’s stock worth $1,162,000 after buying an additional 7,340 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Omega Healthcare Investors by 62.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 62,196 shares of the real estate investment trust’s stock worth $2,054,000 after acquiring an additional 23,901 shares during the period. Public Employees Retirement Association of Colorado raised its stake in Omega Healthcare Investors by 0.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 46,036 shares of the real estate investment trust’s stock worth $1,520,000 after acquiring an additional 281 shares during the period. Janney Montgomery Scott LLC raised its stake in Omega Healthcare Investors by 8.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 68,567 shares of the real estate investment trust’s stock worth $2,264,000 after acquiring an additional 5,574 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in Omega Healthcare Investors by 15.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,720 shares of the real estate investment trust’s stock worth $585,000 after acquiring an additional 2,400 shares during the period. 68.14% of the stock is currently owned by institutional investors.
Shares of Omega Healthcare Investors (NYSE OHI) traded down $0.40 during midday trading on Monday, hitting $26.79. 2,294,496 shares of the stock were exchanged, compared to its average volume of 2,173,949. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.40 and a current ratio of 3.40. The stock has a market cap of $5,385.61, a P/E ratio of 8.00, a PEG ratio of 2.82 and a beta of 0.49. Omega Healthcare Investors has a 12-month low of $26.43 and a 12-month high of $35.14.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a $0.65 dividend. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Monday, October 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 9.71%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 317.08%.
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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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