Omega Healthcare Investors (NYSE:OHI) released its quarterly earnings data on Monday. The real estate investment trust reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.43), Fidelity Earnings reports. The business had revenue of $219.75 million during the quarter, compared to analyst estimates of $223.27 million. Omega Healthcare Investors had a net margin of 31.91% and a return on equity of 7.32%. Omega Healthcare Investors updated its FY 2019 guidance to $3.00-3.12 EPS and its Q4 2019 guidance to $0.78-0.81 EPS.

Shares of NYSE OHI traded down $1.86 during midday trading on Tuesday, reaching $37.40. 51,173 shares of the stock were exchanged, compared to its average volume of 1,657,602. The company has a market capitalization of $7.88 billion, a P/E ratio of 11.22, a P/E/G ratio of 6.37 and a beta of 0.52. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.17 and a quick ratio of 4.17. Omega Healthcare Investors has a twelve month low of $25.05 and a twelve month high of $40.30.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 31st will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, January 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 7.06%. Omega Healthcare Investors’s dividend payout ratio is currently 80.00%.

In related news, insider Michael Ritz sold 2,000 shares of Omega Healthcare Investors stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $35.50, for a total value of $71,000.00. Following the completion of the sale, the insider now owns 8,076 shares in the company, valued at approximately $286,698. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven J. Insoft sold 50,000 shares of Omega Healthcare Investors stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $40.00, for a total transaction of $2,000,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 86,000 shares of company stock valued at $3,321,750 in the last 90 days. Insiders own 1.65% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Standard Life Aberdeen plc boosted its position in Omega Healthcare Investors by 46.6% in the 4th quarter. Standard Life Aberdeen plc now owns 475,888 shares of the real estate investment trust’s stock valued at $16,761,000 after buying an additional 151,172 shares during the period. Usca Ria LLC boosted its position in Omega Healthcare Investors by 4.3% in the 4th quarter. Usca Ria LLC now owns 47,285 shares of the real estate investment trust’s stock valued at $1,662,000 after buying an additional 1,959 shares during the period. Strategic Wealth Advisors Group LLC boosted its position in Omega Healthcare Investors by 77.8% in the 4th quarter. Strategic Wealth Advisors Group LLC now owns 32,468 shares of the real estate investment trust’s stock valued at $1,197,000 after buying an additional 14,210 shares during the period. State of Tennessee Treasury Department boosted its position in Omega Healthcare Investors by 16.4% in the 4th quarter. State of Tennessee Treasury Department now owns 164,980 shares of the real estate investment trust’s stock valued at $5,799,000 after buying an additional 23,279 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Omega Healthcare Investors by 0.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 149,972 shares of the real estate investment trust’s stock valued at $5,272,000 after buying an additional 1,385 shares during the period. Hedge funds and other institutional investors own 72.74% of the company’s stock.

OHI has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on shares of Omega Healthcare Investors to $34.00 in a report on Sunday, December 2nd. Bank of America upgraded shares of Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a report on Friday, November 16th. ValuEngine upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. Mitsubishi UFJ Financial Group upgraded shares of Omega Healthcare Investors from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $34.00 to $40.00 in a report on Friday, January 4th. Finally, TheStreet upgraded shares of Omega Healthcare Investors from a “c” rating to a “b-” rating in a report on Thursday, November 8th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Omega Healthcare Investors has a consensus rating of “Hold” and a consensus target price of $34.44.

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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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Earnings History for Omega Healthcare Investors (NYSE:OHI)

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