Wall Street analysts forecast that Omega Healthcare Investors Inc (NYSE:OHI) will announce $0.75 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Omega Healthcare Investors’ earnings. The highest EPS estimate is $0.77 and the lowest is $0.74. Omega Healthcare Investors reported earnings of $0.86 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 12.8%. The firm is expected 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 $3.02 per share for the current fiscal year, with EPS estimates ranging from $2.99 to $3.05. For the next fiscal year, analysts anticipate that the company will report earnings of $3.15 per share, with EPS estimates ranging from $3.08 to $3.20. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Omega Healthcare Investors.

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Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.18). The business had revenue of $221.21 million during the quarter, compared to the consensus estimate of $219.07 million. Omega Healthcare Investors had a return on equity of 2.48% and a net margin of 11.06%.

OHI has been the topic of several recent analyst reports. Cantor Fitzgerald initiated coverage on Omega Healthcare Investors in a research report on Wednesday, December 20th. They issued an “overweight” rating and a $34.00 price target on the stock. Jefferies Group reissued an “underperform” rating on shares of Omega Healthcare Investors in a report on Thursday, December 21st. Zacks Investment Research lowered Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. SunTrust Banks set a $28.00 price objective on Omega Healthcare Investors and gave the stock a “hold” rating in a report on Monday, January 22nd. Finally, ValuEngine lowered Omega Healthcare Investors from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.37.

NYSE OHI traded up $0.33 during trading on Monday, hitting $26.11. The company’s stock had a trading volume of 2,045,368 shares, compared to its average volume of 2,312,927. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.18. The company has a market cap of $5,119.64, a P/E ratio of 7.91, a P/E/G ratio of 2.93 and a beta of 0.36. Omega Healthcare Investors has a 52 week low of $24.90 and a 52 week high of $35.14.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 10.11%. The ex-dividend date is Friday, April 27th. Omega Healthcare Investors’s payout ratio is presently 80.00%.

Large investors have recently made changes to their positions in the company. Lourd Capital LLC acquired a new stake in shares of Omega Healthcare Investors during the 4th quarter worth approximately $202,000. Kovack Advisors Inc. acquired a new stake in Omega Healthcare Investors in the 4th quarter valued at $219,000. Mcmillion Capital Management Inc. boosted its stake in Omega Healthcare Investors by 38.1% in the 4th quarter. Mcmillion Capital Management Inc. now owns 8,693 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 2,400 shares in the last quarter. Claraphi Advisory Network LLC acquired a new stake in Omega Healthcare Investors in the 4th quarter valued at $248,000. Finally, AI Financial Services LLC acquired a new stake in Omega Healthcare Investors in the 4th quarter valued at $273,000. 73.71% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for Omega Healthcare Investors (NYSE:OHI)

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