Omega Healthcare Investors (NYSE:OHI) released its earnings results on Monday. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.46), MarketWatch Earnings reports. The company had revenue of $192.30 million during the quarter, compared to analyst estimates of $194.40 million. Omega Healthcare Investors had a net margin of 10.61% and a return on equity of 2.49%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. Omega Healthcare Investors updated its FY 2018 guidance to $3.03-3.06 EPS and its FY18 guidance to $3.03-3.06 EPS.
NYSE OHI opened at $34.54 on Tuesday. The stock has a market cap of $6.56 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 5.51 and a beta of 0.13. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 1.15. Omega Healthcare Investors has a one year low of $24.90 and a one year high of $34.94.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date is Tuesday, October 30th. Omega Healthcare Investors’s dividend payout ratio is currently 80.00%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BerganKDV Wealth Management LLC bought a new position in shares of Omega Healthcare Investors during the second quarter worth about $110,000. Winslow Evans & Crocker Inc. grew its holdings in shares of Omega Healthcare Investors by 213.7% during the second quarter. Winslow Evans & Crocker Inc. now owns 3,670 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 2,500 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Omega Healthcare Investors during the third quarter worth about $132,000. Meeder Asset Management Inc. grew its holdings in shares of Omega Healthcare Investors by 69.3% during the third quarter. Meeder Asset Management Inc. now owns 4,184 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 1,712 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Omega Healthcare Investors during the second quarter worth about $147,000. 72.54% of the stock is currently owned by institutional investors.
OHI has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on Omega Healthcare Investors from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, August 7th. Zacks Investment Research lowered Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. MED initiated coverage on Omega Healthcare Investors in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $31.00 price target on the stock. They noted that the move was a valuation call. ValuEngine raised Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. Finally, Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Omega Healthcare Investors in a research report on Tuesday, October 2nd. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Omega Healthcare Investors currently has a consensus rating of “Hold” and a consensus price target of $31.17.
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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.
Further Reading: Return on Equity (ROE)
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