Zacks: Brokerages Anticipate Omega Healthcare Investors, Inc. (NYSE:OHI) Will Post Earnings of $0.83 Per Share

Wall Street brokerages predict that Omega Healthcare Investors, Inc. (NYSE:OHI) will announce earnings per share (EPS) of $0.83 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Omega Healthcare Investors’ earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.78. Omega Healthcare Investors reported earnings per share of $0.81 during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The firm is expected to report its next quarterly earnings results after the market closes on Monday, August 2nd.

According to Zacks, analysts expect that Omega Healthcare Investors will report full-year earnings of $3.34 per share for the current year, with EPS estimates ranging from $3.20 to $3.44. For the next year, analysts anticipate that the business will post earnings of $3.42 per share, with EPS estimates ranging from $3.32 to $3.50. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Omega Healthcare Investors.

Omega Healthcare Investors (NYSE:OHI) last announced its quarterly earnings results on Sunday, May 2nd. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.24. The company had revenue of $234.83 million during the quarter, compared to the consensus estimate of $225.64 million. Omega Healthcare Investors had a net margin of 25.12% and a return on equity of 5.63%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 earnings per share.

OHI has been the subject of several analyst reports. Scotiabank downgraded shares of Omega Healthcare Investors from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $41.00 to $39.00 in a research report on Thursday, June 17th. They noted that the move was a valuation call. Wolfe Research initiated coverage on shares of Omega Healthcare Investors in a research report on Monday, June 14th. They set a “peer perform” rating and a $43.00 price target for the company. JMP Securities reissued an “outperform” rating and set a $43.00 price target on shares of Omega Healthcare Investors in a research report on Monday, May 10th. Mizuho reissued a “neutral” rating and set a $39.00 price target on shares of Omega Healthcare Investors in a research report on Wednesday, July 14th. Finally, TheStreet upgraded shares of Omega Healthcare Investors from a “c+” rating to a “b-” rating in a report on Monday, April 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Omega Healthcare Investors currently has an average rating of “Buy” and a consensus target price of $38.62.

In other news, insider Steven J. Insoft sold 25,000 shares of Omega Healthcare Investors stock in a transaction on Monday, June 21st. The shares were sold at an average price of $36.69, for a total transaction of $917,250.00. Following the transaction, the insider now owns 184,588 shares in the company, valued at approximately $6,772,533.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 1,255 shares of company stock worth $45,884 in the last quarter. Corporate insiders own 1.16% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Omega Healthcare Investors by 6.1% during the 1st quarter. BlackRock Inc. now owns 28,758,509 shares of the real estate investment trust’s stock valued at $1,053,425,000 after buying an additional 1,644,879 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Omega Healthcare Investors by 10.4% during the 1st quarter. Geode Capital Management LLC now owns 3,860,302 shares of the real estate investment trust’s stock valued at $141,768,000 after buying an additional 364,513 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Omega Healthcare Investors by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,306,831 shares of the real estate investment trust’s stock valued at $121,133,000 after buying an additional 31,746 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Omega Healthcare Investors by 6.3% during the 1st quarter. Northern Trust Corp now owns 3,232,646 shares of the real estate investment trust’s stock valued at $118,412,000 after buying an additional 190,338 shares in the last quarter. Finally, Amundi Asset Management US Inc. lifted its stake in shares of Omega Healthcare Investors by 29.5% during the 1st quarter. Amundi Asset Management US Inc. now owns 3,170,392 shares of the real estate investment trust’s stock valued at $116,240,000 after buying an additional 722,453 shares in the last quarter. Institutional investors own 69.23% of the company’s stock.

Shares of OHI traded down $0.45 on Friday, hitting $36.99. 54,919 shares of the stock traded hands, compared to its average volume of 1,670,214. The stock has a market cap of $8.71 billion, a P/E ratio of 37.82, a PEG ratio of 4.79 and a beta of 1.00. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.73 and a quick ratio of 3.73. The firm has a 50 day simple moving average of $36.78. Omega Healthcare Investors has a one year low of $28.08 and a one year high of $39.31.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 17th. Stockholders of record on Monday, May 3rd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.25%. The ex-dividend date was Friday, April 30th. Omega Healthcare Investors’s dividend payout ratio is presently 82.97%.

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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