Omega Healthcare Investors Inc (OHI) Expected to Post Earnings of $0.75 Per Share
Equities analysts expect Omega Healthcare Investors Inc (NYSE:OHI) to announce earnings of $0.75 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Omega Healthcare Investors’ earnings. The highest EPS estimate is $0.77 and the lowest is $0.74. Omega Healthcare Investors posted earnings of $0.86 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 12.8%. The business is scheduled to announce its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Omega Healthcare Investors will report full-year earnings of $3.12 per share for the current fiscal year, with EPS estimates ranging from $2.99 to $3.47. For the next fiscal year, analysts forecast that the business will report earnings of $3.16 per share, with EPS estimates ranging from $3.08 to $3.24. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Omega Healthcare Investors.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.18). Omega Healthcare Investors had a return on equity of 2.48% and a net margin of 11.06%. The business had revenue of $221.21 million for the quarter, compared to analysts’ expectations of $219.07 million.
Omega Healthcare Investors (OHI) traded up $0.66 on Friday, reaching $26.58. 2,424,187 shares of the company’s stock were exchanged, compared to its average volume of 2,890,000. Omega Healthcare Investors has a 12 month low of $24.90 and a 12 month high of $35.14. The company has a quick ratio of 3.40, a current ratio of 3.55 and a debt-to-equity ratio of 1.18. The stock has a market cap of $5,280.00, a price-to-earnings ratio of 57.78, a PEG ratio of 2.94 and a beta of 0.46.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 9.93%. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Tuesday, January 30th. Omega Healthcare Investors’s payout ratio is 573.91%.
In other news, Director Bernard J. Korman bought 100,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was purchased at an average cost of $26.89 per share, with a total value of $2,689,000.00. Following the acquisition, the director now directly owns 896,895 shares in the company, valued at $24,117,506.55. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.54% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its holdings in Omega Healthcare Investors by 1.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 89,756 shares of the real estate investment trust’s stock worth $2,964,000 after acquiring an additional 1,493 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Omega Healthcare Investors by 10.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 19,520 shares of the real estate investment trust’s stock worth $623,000 after acquiring an additional 1,800 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Omega Healthcare Investors by 0.8% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 238,119 shares of the real estate investment trust’s stock worth $7,598,000 after acquiring an additional 1,880 shares in the last quarter. Barry Investment Advisors LLC increased its holdings in Omega Healthcare Investors by 0.6% in the 3rd quarter. Barry Investment Advisors LLC now owns 343,451 shares of the real estate investment trust’s stock worth $10,960,000 after acquiring an additional 1,915 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in Omega Healthcare Investors by 4.5% in the 3rd quarter. IFP Advisors Inc now owns 44,773 shares of the real estate investment trust’s stock worth $1,429,000 after acquiring an additional 1,937 shares in the last quarter. 71.90% of the stock is owned by institutional investors.
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About Omega Healthcare Investors
Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.
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