Omega Healthcare Investors Inc (NYSE:OHI) Receives Average Rating of “Hold” from Brokerages

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Omega Healthcare Investors Inc (NYSE:OHI) has received a consensus rating of “Hold” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $37.40.

A number of brokerages have weighed in on OHI. Zacks Investment Research cut shares of Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. ValuEngine upgraded shares of Yelp from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd.

Shares of NYSE OHI traded up $0.15 during midday trading on Tuesday, hitting $36.78. 2,056,500 shares of the company traded hands, compared to its average volume of 1,688,575. Omega Healthcare Investors has a 12-month low of $28.65 and a 12-month high of $40.30. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average of $36.82. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 4.85 and a beta of 0.42.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.37). The company had revenue of $188.20 million for the quarter, compared to analysts’ expectations of $190.54 million. Omega Healthcare Investors had a net margin of 30.17% and a return on equity of 7.02%. Omega Healthcare Investors’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. Sell-side analysts predict that Omega Healthcare Investors will post 2.99 earnings per share for the current year.

In other news, CEO C Taylor Pickett sold 5,500 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $38.00, for a total transaction of $209,000.00. Following the sale, the chief executive officer now owns 227,933 shares in the company, valued at $8,661,454. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Robert O. Stephenson sold 10,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $37.00, for a total transaction of $370,000.00. Following the sale, the chief financial officer now owns 233,326 shares in the company, valued at approximately $8,633,062. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,500 shares of company stock worth $3,239,000. Corporate insiders own 1.16% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Reilly Financial Advisors LLC lifted its position in Omega Healthcare Investors by 68.1% during the first quarter. Reilly Financial Advisors LLC now owns 992 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 402 shares during the period. Massey Quick Simon & CO. LLC bought a new position in Omega Healthcare Investors during the first quarter valued at approximately $38,000. Spirit of America Management Corp NY bought a new position in Omega Healthcare Investors during the first quarter valued at approximately $38,000. JOYN Advisors Inc. lifted its position in Omega Healthcare Investors by 58.4% during the fourth quarter. JOYN Advisors Inc. now owns 1,033 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 381 shares during the period. Finally, Washington Trust Bank lifted its position in Omega Healthcare Investors by 684.9% during the first quarter. Washington Trust Bank now owns 1,146 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 69.31% of the company’s stock.

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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Analyst Recommendations for Omega Healthcare Investors (NYSE:OHI)

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