Shares of Omega Healthcare Investors Inc (NYSE:OHI) have received a consensus recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $37.40.
Several research analysts recently commented on the company. ValuEngine raised Yelp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Zacks Investment Research cut Haynes International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th.
NYSE OHI traded down $0.05 on Tuesday, reaching $36.96. 1,038,652 shares of the company were exchanged, compared to its average volume of 1,629,050. The firm has a fifty day simple moving average of $36.78. The company has a market cap of $7.65 billion, a PE ratio of 12.16, a P/E/G ratio of 4.85 and a beta of 0.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.86 and a quick ratio of 2.86. Omega Healthcare Investors has a fifty-two week low of $28.65 and a fifty-two week high of $40.30.
Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.34 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 analysts’ expectations of $190.54 million. During the same quarter in the prior year, the firm earned $0.78 EPS. Omega Healthcare Investors’s revenue for the quarter was down 2.9% compared to the same quarter last year. Research analysts anticipate that Omega Healthcare Investors will post 2.99 earnings per share for the current year.
In other news, CEO C Taylor Pickett sold 30,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 299,133 shares of the company’s stock, valued at approximately $11,367,054. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert O. Stephenson sold 10,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the transaction, the chief financial officer now directly owns 233,326 shares of the company’s stock, valued at $8,633,062. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,500 shares of company stock valued at $3,239,000. 1.16% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JOYN Advisors Inc. increased its stake in Omega Healthcare Investors by 58.4% in the 4th quarter. JOYN Advisors Inc. now owns 1,033 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 381 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in Omega Healthcare Investors during the 1st quarter valued at $38,000. Spirit of America Management Corp NY acquired a new stake in Omega Healthcare Investors during the 1st quarter valued at $38,000. Reilly Financial Advisors LLC grew its holdings in Omega Healthcare Investors by 68.1% during the 1st quarter. Reilly Financial Advisors LLC now owns 992 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 402 shares during the last quarter. Finally, Washington Trust Bank grew its holdings in Omega Healthcare Investors by 684.9% during the 1st quarter. Washington Trust Bank now owns 1,146 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 1,000 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.
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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