Omega Healthcare Investors Inc (OHI) Expected to Announce Earnings of $0.75 Per Share

Analysts expect Omega Healthcare Investors Inc (NYSE:OHI) to announce earnings per share of $0.75 for the current fiscal quarter, according to Zacks. 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 posted earnings of $0.86 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 12.8%. The company is expected to issue its next quarterly earnings results 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 financial year, with EPS estimates ranging from $2.99 to $3.05. For the next fiscal year, analysts anticipate that the business will post earnings of $3.15 per share, with EPS estimates ranging from $3.08 to $3.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Omega Healthcare Investors.

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Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $221.21 million for the quarter, compared to analyst estimates of $219.07 million.

Several brokerages have recently issued reports on OHI. Cantor Fitzgerald restated a “buy” rating and issued a $34.00 target price on shares of Omega Healthcare Investors in a report on Tuesday, February 13th. Zacks Investment Research cut shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. SunTrust Banks set a $28.00 target price on shares of Omega Healthcare Investors and gave the company a “hold” rating in a report on Monday, January 22nd. Wells Fargo upgraded shares of Omega Healthcare Investors from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Thursday, February 15th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $27.00 target price (down previously from $29.00) on shares of Omega Healthcare Investors in a report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $31.37.

NYSE OHI traded down $0.56 on Monday, hitting $25.36. 2,122,312 shares of the stock were exchanged, compared to its average volume of 1,783,080. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.18. Omega Healthcare Investors has a fifty-two week low of $24.90 and a fifty-two week high of $35.14. The stock has a market capitalization of $5,147.44, a PE ratio of 7.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.37.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 30th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 10.41%. The ex-dividend date is Friday, April 27th. Omega Healthcare Investors’s dividend payout ratio is currently 80.00%.

A number of large investors have recently modified their holdings of the stock. Lourd Capital LLC purchased a new position in Omega Healthcare Investors during the 4th quarter worth $202,000. Kovack Advisors Inc. purchased a new position in Omega Healthcare Investors during the 4th quarter worth $219,000. Mcmillion Capital Management Inc. raised its position in Omega Healthcare Investors by 38.1% during the 4th quarter. Mcmillion Capital Management Inc. now owns 8,693 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 2,400 shares during the last quarter. Claraphi Advisory Network LLC purchased a new position in Omega Healthcare Investors during the 4th quarter worth $248,000. Finally, AI Financial Services LLC purchased a new position in Omega Healthcare Investors during the 4th quarter worth $273,000. Hedge funds and other institutional investors own 73.71% of the company’s stock.

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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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