Omega Healthcare Investors (NYSE:OHI) released its earnings results on Monday. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.43), Fidelity Earnings reports. Omega Healthcare Investors had a net margin of 31.91% and a return on equity of 7.32%. The firm had revenue of $219.75 million during the quarter, compared to analyst estimates of $223.27 million. Omega Healthcare Investors updated its FY 2019 guidance to $3.00-3.12 EPS and its Q4 2019 guidance to $0.78-0.81 EPS.
NYSE:OHI traded down $1.86 during mid-day trading on Tuesday, hitting $37.40. The company’s stock had a trading volume of 51,173 shares, compared to its average volume of 1,657,602. Omega Healthcare Investors has a 1 year low of $25.05 and a 1 year high of $40.30. The company has a debt-to-equity ratio of 1.21, a quick ratio of 4.17 and a current ratio of 4.17. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 6.37 and a beta of 0.52.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 7.06%. The ex-dividend date of this dividend is Wednesday, January 30th. Omega Healthcare Investors’s payout ratio is 80.00%.
Large investors have recently bought and sold shares of the business. Enlightenment Research LLC purchased a new stake in shares of Omega Healthcare Investors during the 4th quarter worth about $49,000. Bedel Financial Consulting Inc. purchased a new stake in shares of Omega Healthcare Investors during the 4th quarter worth about $51,000. Sandy Spring Bank purchased a new stake in shares of Omega Healthcare Investors during the 4th quarter worth about $88,000. Bremer Trust National Association purchased a new stake in shares of Omega Healthcare Investors during the 4th quarter worth about $117,000. Finally, KBC Group NV purchased a new stake in shares of Omega Healthcare Investors during the 4th quarter worth about $128,000. 72.74% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on the company. Zacks Investment Research downgraded Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus upped their target price on Omega Healthcare Investors to $34.00 in a research report on Sunday, December 2nd. TheStreet raised Omega Healthcare Investors from a “c” rating to a “b-” rating in a research report on Thursday, November 8th. Bank of America reissued a “hold” rating on shares of Omega Healthcare Investors in a research report on Monday, November 19th. Finally, Mitsubishi UFJ Financial Group raised Omega Healthcare Investors from a “neutral” rating to an “overweight” rating and upped their target price for the company from $34.00 to $40.00 in a research report on Friday, January 4th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Omega Healthcare Investors presently has an average rating of “Hold” and a consensus price target of $34.44.
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Omega Healthcare Investors Company Profile
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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