Omega Healthcare Investors Inc (OHI) Forecasted to Post FY2019 Earnings of $3.16 Per Share

Omega Healthcare Investors Inc (NYSE:OHI) – Equities researchers at Jefferies Group decreased their FY2019 EPS estimates for shares of Omega Healthcare Investors in a research report issued to clients and investors on Tuesday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings of $3.16 per share for the year, down from their previous estimate of $3.18. Jefferies Group currently has a “Underperform” rating on the stock.

Other equities analysts have also recently issued reports about the stock. ValuEngine raised shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Zacks Investment Research raised shares of Omega Healthcare Investors from a “sell” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Wednesday, October 4th. Hilliard Lyons cut shares of Omega Healthcare Investors to a “buy” rating in a research note on Wednesday, November 1st. TheStreet cut shares of Omega Healthcare Investors from a “b-” rating to a “c” rating in a research note on Monday, October 30th. Finally, Capital One Financial assumed coverage on shares of Omega Healthcare Investors in a research note on Monday, October 23rd. They issued an “equal weight” rating and a $34.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $32.14.

Omega Healthcare Investors (NYSE OHI) traded up $0.52 on Wednesday, reaching $26.63. 2,547,411 shares of the company traded hands, compared to its average volume of 2,250,000. The stock has a market capitalization of $5,250.00, a PE ratio of 35.04, a price-to-earnings-growth ratio of 2.70 and a beta of 0.49. Omega Healthcare Investors has a 52 week low of $26.06 and a 52 week high of $35.14. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 1.18.

Omega Healthcare Investors (NYSE:OHI) last posted its earnings results on Monday, October 30th. The real estate investment trust reported ($0.67) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($1.50). Omega Healthcare Investors had a net margin of 17.61% and a return on equity of 3.92%.

In other Omega Healthcare Investors news, Director Bernard J. Korman acquired 100,000 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was acquired at an average cost of $26.89 per share, with a total value of $2,689,000.00. Following the purchase, the director now directly owns 896,895 shares of the company’s stock, valued at approximately $24,117,506.55. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Craig R. Callen acquired 10,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was acquired at an average cost of $27.38 per share, with a total value of $273,800.00. The disclosure for this purchase can be found here. Insiders acquired a total of 210,000 shares of company stock valued at $5,786,800 over the last three months. Corporate insiders own 1.54% of the company’s stock.

Several large investors have recently modified their holdings of OHI. Barnett & Company Inc. boosted its stake in shares of Omega Healthcare Investors by 1,980.0% during the 3rd quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 4,950 shares during the period. Mcmillion Capital Management Inc. purchased a new position in shares of Omega Healthcare Investors during the 3rd quarter worth about $201,000. Timber Hill LLC purchased a new position in shares of Omega Healthcare Investors during the 3rd quarter worth about $206,000. Good Life Advisors LLC purchased a new position in shares of Omega Healthcare Investors during the 3rd quarter worth about $209,000. Finally, Cetera Investment Advisers purchased a new position in shares of Omega Healthcare Investors during the 2nd quarter worth about $235,000. 68.07% of the stock is owned by institutional investors and hedge funds.

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Omega Healthcare Investors Company Profile

Omega Healthcare Investors, Inc is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. It operates through the segment, which consists of investments in healthcare-related real estate properties.

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