Omega Healthcare Investors (OHI) Updates Q4 2019 Earnings Guidance

Omega Healthcare Investors (NYSE:OHI) updated its fourth quarter 2019 earnings guidance on Monday. The company provided earnings per share guidance of $0.78-0.81 for the period. Omega Healthcare Investors also updated its FY 2019 guidance to $3.00-3.12 EPS.

OHI traded up $0.08 during trading on Monday, hitting $39.26. 1,549,449 shares of the company’s stock were exchanged, compared to its average volume of 1,657,602. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 1.21. Omega Healthcare Investors has a 1 year low of $25.05 and a 1 year high of $40.30. The company has a market cap of $7.86 billion, a P/E ratio of 11.90, a P/E/G ratio of 6.37 and a beta of 0.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, January 30th. This represents a $2.64 annualized dividend and a yield of 6.72%. Omega Healthcare Investors’s dividend payout ratio is currently 80.00%.



OHI has been the subject of several research reports. Zacks Investment Research upgraded shares of Omega Healthcare Investors from a sell rating to a hold rating in a research note on Wednesday, October 31st. boosted their price objective on shares of Omega Healthcare Investors to $34.00 and gave the stock a neutral rating in a research note on Monday, November 5th. Stifel Nicolaus set a $34.00 price objective on shares of Omega Healthcare Investors and gave the stock a hold rating in a research note on Monday, November 5th. TheStreet upgraded shares of Omega Healthcare Investors from a c rating to a b- rating in a research note on Thursday, November 8th. Finally, Raymond James upgraded shares of Omega Healthcare Investors from a market perform rating to an outperform rating and set a $38.00 price objective for the company in a research note on Friday, November 16th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Omega Healthcare Investors presently has a consensus rating of Hold and an average price target of $34.44.

In other news, insider Steven J. Insoft sold 50,000 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $40.00, for a total transaction of $2,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Ritz sold 6,000 shares of the business’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $34.75, for a total transaction of $208,500.00. Following the transaction, the insider now directly owns 10,076 shares in the company, valued at $350,141. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,000 shares of company stock valued at $3,321,750. 1.65% of the stock is owned by insiders.

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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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Earnings History and Estimates for Omega Healthcare Investors (NYSE:OHI)

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