Equities research analysts predict that Omega Healthcare Investors Inc (NYSE:OHI) will post earnings of $0.76 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Omega Healthcare Investors’ earnings. The lowest EPS estimate is $0.74 and the highest is $0.77. Omega Healthcare Investors reported earnings of $0.79 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.8%. The business is scheduled to issue its next earnings report before the market opens on Monday, November 5th.
According to Zacks, analysts expect that Omega Healthcare Investors will report full-year earnings of $3.05 per share for the current financial year, with EPS estimates ranging from $3.02 to $3.07. For the next year, analysts forecast that the firm will post earnings of $3.14 per share, with EPS estimates ranging from $3.10 to $3.16. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Omega Healthcare Investors.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings data on Friday, August 3rd. The real estate investment trust reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.02. The business had revenue of $192.85 million during the quarter, compared to the consensus estimate of $200.30 million. Omega Healthcare Investors had a net margin of 10.61% and a return on equity of 2.49%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 earnings per share.
OHI stock opened at $33.35 on Monday. The stock has a market capitalization of $6.59 billion, a P/E ratio of 10.11, a P/E/G ratio of 5.61 and a beta of 0.29. Omega Healthcare Investors has a fifty-two week low of $24.90 and a fifty-two week high of $33.77. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.03 and a quick ratio of 4.03.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 7.92%. The ex-dividend date is Tuesday, October 30th. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 80.00%.
A number of institutional investors have recently modified their holdings of the business. Securian Asset Management Inc raised its position in Omega Healthcare Investors by 2.5% in the third quarter. Securian Asset Management Inc now owns 67,722 shares of the real estate investment trust’s stock worth $2,219,000 after acquiring an additional 1,647 shares in the last quarter. Retirement Systems of Alabama raised its position in Omega Healthcare Investors by 0.3% in the third quarter. Retirement Systems of Alabama now owns 525,048 shares of the real estate investment trust’s stock worth $17,206,000 after acquiring an additional 1,730 shares in the last quarter. HGK Asset Management Inc. raised its position in Omega Healthcare Investors by 14.8% in the second quarter. HGK Asset Management Inc. now owns 16,077 shares of the real estate investment trust’s stock worth $498,000 after acquiring an additional 2,072 shares in the last quarter. OppenheimerFunds Inc. raised its position in Omega Healthcare Investors by 3.4% in the second quarter. OppenheimerFunds Inc. now owns 62,745 shares of the real estate investment trust’s stock worth $1,945,000 after acquiring an additional 2,084 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in Omega Healthcare Investors by 4.4% in the second quarter. D.A. Davidson & CO. now owns 55,860 shares of the real estate investment trust’s stock worth $1,732,000 after acquiring an additional 2,345 shares in the last quarter. Hedge funds and other institutional investors own 72.39% of the company’s stock.
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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