Omega Healthcare Investors (OHI) Posts Earnings Results, Misses Estimates By $0.43 EPS

Share on StockTwits

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%.

In other Omega Healthcare Investors news, insider Michael Ritz sold 6,000 shares of the company’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $34.75, for a total value of $208,500.00. Following the sale, the insider now directly owns 10,076 shares of the company’s stock, valued at $350,141. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Steven J. Insoft sold 25,000 shares of the company’s stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $37.25, for a total transaction of $931,250.00. Following the completion of the sale, the insider now directly owns 315,720 shares in the company, valued at $11,760,570. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,000 shares of company stock worth $3,321,750. 1.65% of the stock is owned by corporate insiders.

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.

ILLEGAL ACTIVITY WARNING: “Omega Healthcare Investors (OHI) Posts Earnings Results, Misses Estimates By $0.43 EPS” was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/4145898/omega-healthcare-investors-ohi-posts-earnings-results-misses-estimates-by-0-43-eps.html.

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.

Further Reading: How interest rates affect municipal bond prices

Earnings History for Omega Healthcare Investors (NYSE:OHI)

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.

Latest News

Kemper  Given New $82.00 Price Target at JMP Securities
Kemper Given New $82.00 Price Target at JMP Securities
Zcash  Tops 1-Day Volume of $229.09 Million
Zcash Tops 1-Day Volume of $229.09 Million
Omega Healthcare Investors  Posts  Earnings Results, Misses Estimates By $0.43 EPS
Omega Healthcare Investors Posts Earnings Results, Misses Estimates By $0.43 EPS
Max Resource   Shares Down 7.1%
Max Resource Shares Down 7.1%
NAGA Market Capitalization Reaches $2.74 Million
NAGA Market Capitalization Reaches $2.74 Million
GoldMoney  Set to Announce Earnings on Thursday
GoldMoney Set to Announce Earnings on Thursday


Leave a Reply

© 2006-2019 Ticker Report