Equities research analysts expect Omega Healthcare Investors Inc (NYSE:OHI) to report $0.74 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Omega Healthcare Investors’ earnings, with estimates ranging from $0.70 to $0.77. Omega Healthcare Investors posted earnings of $0.76 per share in the same quarter last year, which would suggest a negative year over year growth rate of 2.6%. The firm is expected to announce its next earnings report on Friday, August 2nd.
According to Zacks, analysts expect that Omega Healthcare Investors will report full year earnings of $3.05 per share for the current fiscal year, with EPS estimates ranging from $2.99 to $3.09. For the next financial year, analysts anticipate that the firm will report earnings of $3.24 per share, with EPS estimates ranging from $3.17 to $3.26. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Omega Healthcare Investors.
Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.37). The company had revenue of $188.20 million for the quarter, compared to analyst estimates of $190.54 million. Omega Healthcare Investors had a return on equity of 7.02% and a net margin of 30.17%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.78 earnings per share.
In related news, Director Ben W. Perks sold 3,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $37.64, for a total transaction of $112,920.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Daniel J. Booth sold 40,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $36.51, for a total transaction of $1,460,400.00. Following the transaction, the chief operating officer now owns 187,206 shares in the company, valued at $6,834,891.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,788 shares of company stock worth $2,810,176. 1.65% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of OHI. Marshall Wace LLP bought a new position in Omega Healthcare Investors during the first quarter worth $3,095,000. Princeton Global Asset Management LLC bought a new position in Omega Healthcare Investors during the first quarter worth $134,000. B. Riley Wealth Management Inc. bought a new position in Omega Healthcare Investors during the first quarter worth $196,000. Cleararc Capital Inc. bought a new position in Omega Healthcare Investors during the first quarter worth $200,000. Finally, Metropolitan Life Insurance Co NY boosted its position in Omega Healthcare Investors by 1.3% during the first quarter. Metropolitan Life Insurance Co NY now owns 69,814 shares of the real estate investment trust’s stock worth $2,663,000 after purchasing an additional 912 shares during the period. Institutional investors and hedge funds own 69.32% of the company’s stock.
Shares of NYSE OHI traded up $0.08 during midday trading on Friday, reaching $35.56. The company’s stock had a trading volume of 82,264 shares, compared to its average volume of 1,651,512. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 1.16. Omega Healthcare Investors has a fifty-two week low of $28.65 and a fifty-two week high of $40.30. The company has a market capitalization of $7.31 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 4.62 and a beta of 0.46.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.64 dividend on an annualized basis and a yield of 7.42%. Omega Healthcare Investors’s payout ratio is 86.84%.
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.
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