Brokerages expect Omega Healthcare Investors Inc (NYSE:OHI) to report sales of $228.31 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Omega Healthcare Investors’ earnings, with estimates ranging from $220.08 million to $233.70 million. Omega Healthcare Investors posted sales of $219.88 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. The firm is scheduled to issue its next quarterly earnings report on Friday, August 2nd.
On average, analysts expect that Omega Healthcare Investors will report full-year sales of $923.17 million for the current year, with estimates ranging from $878.98 million to $950.59 million. For the next financial year, analysts forecast that the company will report sales of $995.34 million, with estimates ranging from $898.75 million to $1.05 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Omega Healthcare Investors.
Omega Healthcare Investors (NYSE:OHI) last issued its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.37). Omega Healthcare Investors had a net margin of 30.17% and a return on equity of 7.02%. The firm had revenue of $188.20 million during the quarter, compared to analysts’ expectations of $190.54 million. During the same quarter in the prior year, the firm posted $0.78 EPS. Omega Healthcare Investors’s quarterly revenue was down 2.9% compared to the same quarter last year.
Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. ValuEngine cut Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.05.
Shares of Omega Healthcare Investors stock traded down $0.61 during trading hours on Tuesday, hitting $37.04. 1,594,200 shares of the company were exchanged, compared to its average volume of 1,715,031. Omega Healthcare Investors has a 1 year low of $28.65 and a 1 year high of $40.30. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 1.16. The firm has a 50-day simple moving average of $36.63. The firm has a market capitalization of $7.86 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 5.00 and a beta of 0.41.
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 value of $370,000.00. Following the completion of the transaction, the chief financial officer now owns 233,326 shares in the company, valued at $8,633,062. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Taylor Pickett sold 22,788 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $38.04, for a total value of $866,855.52. Following the completion of the transaction, the chief executive officer now owns 329,133 shares of the company’s stock, valued at approximately $12,520,219.32. The disclosure for this sale can be found here. Insiders have sold 102,788 shares of company stock valued at $3,896,856 in the last 90 days. Company insiders own 1.16% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. JOYN Advisors Inc. raised its position in Omega Healthcare Investors by 58.4% in the fourth quarter. JOYN Advisors Inc. now owns 1,033 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 381 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in Omega Healthcare Investors in the first quarter valued at $38,000. Spirit of America Management Corp NY acquired a new stake in Omega Healthcare Investors in the first quarter valued at $38,000. Reilly Financial Advisors LLC grew its holdings in Omega Healthcare Investors by 68.1% in the first quarter. Reilly Financial Advisors LLC now owns 992 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 402 shares during the last quarter. Finally, Washington Trust Bank grew its holdings in Omega Healthcare Investors by 684.9% in the first quarter. Washington Trust Bank now owns 1,146 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.
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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