Omega Healthcare Investors Inc (NYSE:OHI) Expected to Announce Earnings of $0.75 Per Share
Wall Street analysts expect Omega Healthcare Investors Inc (NYSE:OHI) to report $0.75 earnings per share for the current fiscal quarter, according to Zacks Investment Research. 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 per share of $0.86 in the same quarter last year, which indicates a negative year-over-year growth rate of 12.8%. The business is expected to report 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 financial year, with EPS estimates ranging from $2.99 to $3.47. For the next financial 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 Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Omega Healthcare Investors.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.18). The company had revenue of $221.21 million during the quarter, compared to analyst estimates of $219.07 million. Omega Healthcare Investors had a return on equity of 2.48% and a net margin of 11.06%.
Omega Healthcare Investors (OHI) traded down $0.20 during trading on Tuesday, hitting $27.30. The company had a trading volume of 1,387,982 shares, compared to its average volume of 2,880,000. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.55 and a current ratio of 3.55. The firm has a market capitalization of $5,420.00, a price-to-earnings ratio of 59.35, a P/E/G ratio of 3.08 and a beta of 0.46. Omega Healthcare Investors has a one year low of $24.90 and a one year high of $35.14.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a $0.66 dividend. This is an increase from Omega Healthcare Investors’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a yield of 9.67%. The ex-dividend date was Tuesday, January 30th. Omega Healthcare Investors’s payout ratio is presently 573.91%.
In other Omega Healthcare Investors news, Director Bernard J. Korman bought 100,000 shares of the stock in a transaction on Friday, December 22nd. The stock was acquired at an average cost of $26.89 per share, for a total transaction of $2,689,000.00. Following the completion of the acquisition, the director now owns 896,895 shares in the company, valued at approximately $24,117,506.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.54% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barnett & Company Inc. increased its holdings in shares of Omega Healthcare Investors by 1,980.0% during the third quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock valued at $166,000 after acquiring an additional 4,950 shares in the last quarter. Mcmillion Capital Management Inc. bought a new stake in shares of Omega Healthcare Investors during the third quarter valued at approximately $201,000. Lourd Capital LLC bought a new stake in shares of Omega Healthcare Investors during the fourth quarter valued at approximately $202,000. Timber Hill LLC bought a new stake in shares of Omega Healthcare Investors during the third quarter valued at approximately $206,000. Finally, HighPoint Advisor Group LLC bought a new stake in shares of Omega Healthcare Investors during the third quarter valued at approximately $216,000. Hedge funds and other institutional investors own 73.86% of the company’s stock.
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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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