Equities analysts expect Omega Healthcare Investors Inc (NYSE:OHI) to post $0.75 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Omega Healthcare Investors’ earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.72. Omega Healthcare Investors reported earnings of $0.76 per share during the same quarter last year, which suggests a negative year over year growth rate of 1.3%. The business is expected to report its next quarterly earnings report on Friday, August 2nd.
On average, analysts expect that Omega Healthcare Investors will report full-year earnings of $3.07 per share for the current year, with EPS estimates ranging from $3.04 to $3.09. For the next fiscal year, analysts forecast that the firm will post earnings of $3.23 per share, with EPS estimates ranging from $3.17 to $3.26. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Omega Healthcare Investors.
Omega Healthcare Investors (NYSE:OHI) last released its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.37). Omega Healthcare Investors had a net margin of 30.17% and a return on equity of 7.02%. The business had revenue of $188.20 million during the quarter, compared to the consensus estimate of $190.54 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue was down 2.9% on a year-over-year basis.
A number of research firms have issued reports on OHI. Zacks Investment Research cut Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. ValuEngine upgraded Yelp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $37.05.
Omega Healthcare Investors stock opened at $36.96 on Tuesday. Omega Healthcare Investors has a 12-month low of $28.65 and a 12-month high of $40.30. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.86 and a current ratio of 2.86. The company has a 50-day simple moving average of $36.78. The company has a market capitalization of $7.65 billion, a PE ratio of 12.16, a PEG ratio of 4.85 and a beta of 0.42.
In other news, CEO C Taylor Pickett sold 30,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $38.00, for a total transaction of $1,140,000.00. Following the sale, the chief executive officer now directly owns 299,133 shares in the company, valued at $11,367,054. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Robert O. Stephenson sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $38.00, for a total value of $380,000.00. Following the sale, the chief financial officer now owns 223,326 shares in the company, valued at $8,486,388. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,500 shares of company stock worth $3,239,000. Company insiders own 1.16% of the company’s stock.
Several large investors have recently added to or reduced their stakes in OHI. Two Sigma Investments LP grew its holdings in shares of Omega Healthcare Investors by 61,976.7% during the fourth quarter. Two Sigma Investments LP now owns 1,339,615 shares of the real estate investment trust’s stock worth $47,087,000 after purchasing an additional 1,337,457 shares during the last quarter. Norges Bank bought a new stake in shares of Omega Healthcare Investors during the fourth quarter worth about $46,751,000. APG Asset Management N.V. bought a new stake in shares of Omega Healthcare Investors during the fourth quarter worth about $24,867,000. Two Sigma Advisers LP grew its holdings in shares of Omega Healthcare Investors by 321.2% during the fourth quarter. Two Sigma Advisers LP now owns 872,005 shares of the real estate investment trust’s stock worth $30,651,000 after purchasing an additional 664,980 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Omega Healthcare Investors by 2.7% during the first quarter. BlackRock Inc. now owns 24,307,257 shares of the real estate investment trust’s stock worth $927,322,000 after purchasing an additional 629,799 shares during the last quarter. Institutional investors own 69.29% 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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