Omega Healthcare Investors (OHI) Scheduled to Post Quarterly Earnings on Monday

Omega Healthcare Investors (NYSE:OHI – Get Rating) will announce its earnings results after the market closes on Monday, May 2nd. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Omega Healthcare Investors (NYSE:OHI – Get Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.65). Omega Healthcare Investors had a net margin of 39.21% and a return on equity of 9.98%. The company had revenue of $214.31 million during the quarter, compared to analyst estimates of $235.47 million. During the same period in the prior year, the business earned $0.81 EPS. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, analysts expect Omega Healthcare Investors to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

OHI opened at $27.31 on Monday. The stock’s fifty day simple moving average is $28.71. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.28. Omega Healthcare Investors has a 52 week low of $26.43 and a 52 week high of $39.31. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 6.17 and a beta of 0.96.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 13th. Shareholders of record on Monday, May 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 9.81%. The ex-dividend date is Friday, April 29th. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.18. Omega Healthcare Investors’s payout ratio is currently 151.41%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. NEXT Financial Group Inc lifted its position in Omega Healthcare Investors by 125.1% during the 4th quarter. NEXT Financial Group Inc now owns 835 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 464 shares in the last quarter. Toroso Investments LLC bought a new stake in Omega Healthcare Investors during the 4th quarter worth about $209,000. Autumn Glory Partners LLC bought a new stake in Omega Healthcare Investors during the 4th quarter worth about $247,000. Penserra Capital Management LLC lifted its position in Omega Healthcare Investors by 202.9% during the 4th quarter. Penserra Capital Management LLC now owns 9,682 shares of the real estate investment trust’s stock worth $286,000 after buying an additional 6,486 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in Omega Healthcare Investors during the 4th quarter worth about $798,000. 64.93% of the stock is currently owned by institutional investors and hedge funds.

OHI has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Omega Healthcare Investors from a “hold” rating to a “sell” rating in a report on Wednesday, March 23rd. Credit Suisse Group lowered their target price on shares of Omega Healthcare Investors from $31.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday, February 8th. Raymond James decreased their price target on shares of Omega Healthcare Investors from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Friday, March 18th. StockNews.com initiated coverage on shares of Omega Healthcare Investors in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Mizuho decreased their price target on shares of Omega Healthcare Investors from $34.00 to $32.00 in a report on Thursday, February 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.10.

About Omega Healthcare Investors (Get Rating)

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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