Omega Healthcare Investors (NYSE:OHI) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $3.03-3.07 for the period. Omega Healthcare Investors also updated its FY19 guidance to $3.03-3.07 EPS.
Several equities research analysts have recently weighed in on the company. Raymond James upgraded Omega Healthcare Investors from an outperform rating to a strong-buy rating and increased their price target for the stock from $40.00 to $42.00 in a report on Thursday. Zacks Investment Research upgraded Omega Healthcare Investors from a hold rating to a buy rating and set a $42.00 price target on the stock in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Omega Healthcare Investors has an average rating of Buy and an average target price of $38.77.
OHI traded up $0.27 during trading on Friday, hitting $38.68. 2,913,088 shares of the stock were exchanged, compared to its average volume of 1,656,198. The stock has a 50 day moving average price of $37.08. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 4.72 and a beta of 0.42. Omega Healthcare Investors has a 1 year low of $31.00 and a 1 year high of $40.30. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.86 and a current ratio of 2.86.
Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.39). The firm had revenue of $191.81 million for the quarter, compared to analysts’ expectations of $190.46 million. Omega Healthcare Investors had a return on equity of 6.91% and a net margin of 29.38%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. As a group, equities analysts forecast that Omega Healthcare Investors will post 2.99 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 30th. This represents a $2.64 annualized dividend and a yield of 6.83%. Omega Healthcare Investors’s payout ratio is currently 86.84%.
In other Omega Healthcare Investors news, CFO Robert O. Stephenson sold 10,000 shares of the stock in a transaction on Monday, May 13th. The stock was 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 of the company’s stock, valued at approximately $8,633,062. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Taylor Pickett sold 30,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $38.00, for a total value of $1,140,000.00. Following the sale, the chief executive officer now directly owns 269,133 shares in the company, valued at approximately $10,227,054. The disclosure for this sale can be found here. Insiders have sold a total of 85,500 shares of company stock worth $3,239,000 over the last 90 days. 1.16% of the stock is currently owned by company insiders.
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.
Featured Story: Cost of Capital Explained
Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.