Omega Healthcare Investors Inc (NYSE:OHI) – Analysts at Jefferies Financial Group dropped their FY2020 EPS estimates for shares of Omega Healthcare Investors in a report released on Thursday, January 16th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will post earnings per share of $3.12 for the year, down from their prior estimate of $3.13.
A number of other analysts also recently commented on OHI. Raymond James downgraded shares of Omega Healthcare Investors from a “strong-buy” rating to a “market perform” rating in a report on Monday, October 21st. Wells Fargo & Co restated a “hold” rating on shares of Omega Healthcare Investors in a research note on Monday, December 9th. Mizuho started coverage on shares of Omega Healthcare Investors in a research report on Thursday, December 19th. They issued a “buy” rating and a $50.00 price target on the stock. Bank of America reaffirmed a “buy” rating and issued a $44.50 price objective on shares of Omega Healthcare Investors in a report on Monday, October 14th. Finally, Zacks Investment Research cut shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $43.23.
Shares of NYSE:OHI opened at $43.26 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 3.00 and a quick ratio of 3.00. The firm has a market capitalization of $9.45 billion, a P/E ratio of 26.70, a P/E/G ratio of 5.44 and a beta of 0.31. Omega Healthcare Investors has a 12 month low of $34.64 and a 12 month high of $45.01. The company’s fifty day moving average price is $42.09 and its 200 day moving average price is $40.87.
Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.10). Omega Healthcare Investors had a net margin of 38.12% and a return on equity of 8.76%. The business had revenue of $199.00 million during the quarter, compared to analyst estimates of $194.26 million. During the same quarter in the previous year, the company posted $0.77 EPS. The firm’s revenue was up 3.5% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.20%. The ex-dividend date is Thursday, January 30th. Omega Healthcare Investors’s dividend payout ratio is currently 88.16%.
In related news, insider Steven J. Insoft sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $42.12, for a total transaction of $2,106,000.00. Following the transaction, the insider now owns 258,032 shares of the company’s stock, valued at $10,868,307.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.16% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Huntington National Bank bought a new position in Omega Healthcare Investors during the fourth quarter worth $27,000. FTB Advisors Inc. increased its position in Omega Healthcare Investors by 48.4% during the fourth quarter. FTB Advisors Inc. now owns 766 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 250 shares during the period. Phocas Financial Corp. acquired a new stake in Omega Healthcare Investors during the second quarter worth $32,000. Arlington Partners LLC acquired a new stake in Omega Healthcare Investors during the fourth quarter worth $38,000. Finally, Vestor Capital LLC acquired a new stake in Omega Healthcare Investors during the third quarter worth $45,000. 75.28% of the stock is currently 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.