Omega Healthcare Investors Inc (OHI) Forecasted to Earn FY2019 Earnings of $3.16 Per Share

Omega Healthcare Investors Inc (NYSE:OHI) – Research analysts at Jefferies Group lowered their FY2019 earnings estimates for shares of Omega Healthcare Investors in a research report issued to clients and investors on Tuesday. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will earn $3.16 per share for the year, down from their previous forecast of $3.18. Jefferies Group currently has a “Underperform” rating on the stock.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($1.50). Omega Healthcare Investors had a net margin of 17.61% and a return on equity of 3.92%.

Several other equities research analysts have also recently weighed in on OHI. Zacks Investment Research cut shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. ValuEngine upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Vetr cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and set a $33.33 price objective for the company. in a research report on Thursday, October 19th. Capital One Financial started coverage on shares of Omega Healthcare Investors in a research report on Monday, October 23rd. They issued an “equal weight” rating and a $34.00 price objective for the company. Finally, Stifel Nicolaus cut shares of Omega Healthcare Investors from a “buy” rating to a “hold” rating and lowered their price objective for the company from $35.00 to $29.00 in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $32.14.

Omega Healthcare Investors (NYSE:OHI) traded up $0.18 on Wednesday, reaching $26.50. 1,759,650 shares of the company’s stock traded hands, compared to its average volume of 2,240,000. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 1.18. The firm has a market cap of $5,230.00, a PE ratio of 34.87, a PEG ratio of 2.75 and a beta of 0.49. Omega Healthcare Investors has a 52-week low of $26.01 and a 52-week high of $35.14.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 9.96%. The ex-dividend date of this dividend is Tuesday, January 30th. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.65. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 342.11%.

In other Omega Healthcare Investors news, Director Craig R. Callen purchased 10,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was bought at an average price of $27.38 per share, for a total transaction of $273,800.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bernard J. Korman purchased 100,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were acquired at an average price of $28.24 per share, with a total value of $2,824,000.00. Following the transaction, the director now owns 903,895 shares in the company, valued at $25,525,994.80. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 210,000 shares of company stock valued at $5,786,800. 1.54% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Barnett & Company Inc. grew its position in shares of Omega Healthcare Investors by 1,980.0% during the 3rd quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 4,950 shares during the period. Mcmillion Capital Management Inc. acquired a new stake in shares of Omega Healthcare Investors during the 3rd quarter worth approximately $201,000. Timber Hill LLC acquired a new stake in shares of Omega Healthcare Investors during the 3rd quarter worth approximately $206,000. Good Life Advisors LLC acquired a new stake in shares of Omega Healthcare Investors during the 3rd quarter worth approximately $209,000. Finally, Cetera Investment Advisers acquired a new position in Omega Healthcare Investors during the second quarter valued at approximately $235,000. Institutional investors own 68.07% 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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