Omega Healthcare Investors (OHI) Issues Quarterly Earnings Results, Misses Expectations By $0.43 EPS

Omega Healthcare Investors (NYSE:OHI) posted its earnings results on Monday. The real estate investment trust reported $0.31 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 business 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.

Shares of Omega Healthcare Investors stock opened at $36.86 on Wednesday. The firm has a market capitalization of $7.40 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 6.37 and a beta of 0.52. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 1.21. Omega Healthcare Investors has a 12 month low of $25.05 and a 12 month high of $40.30.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 31st will be given a $0.66 dividend. The ex-dividend date is Wednesday, January 30th. This represents a $2.64 annualized dividend and a dividend yield of 7.16%. Omega Healthcare Investors’s dividend payout ratio (DPR) is presently 80.00%.

Several equities analysts have recently issued reports on OHI shares. ValuEngine cut Omega Healthcare Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Zacks Investment Research upgraded Omega Healthcare Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Bank of America upgraded Omega Healthcare Investors from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research report on Friday, November 16th. Scotiabank started coverage on Omega Healthcare Investors in a research report on Thursday, February 7th. They set a “sector perform” rating and a $39.37 price target on the stock. Finally, Stifel Nicolaus set a $34.00 price target on Omega Healthcare Investors and gave the company a “hold” rating in a research report on Monday, November 5th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Omega Healthcare Investors has an average rating of “Hold” and a consensus price target of $34.44.

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

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Omega Healthcare Investors by 5.4% in the fourth quarter. BlackRock Inc. now owns 23,677,458 shares of the real estate investment trust’s stock worth $832,264,000 after buying an additional 1,205,432 shares during the period. Bank of New York Mellon Corp boosted its position in Omega Healthcare Investors by 14.9% during the second quarter. Bank of New York Mellon Corp now owns 5,689,457 shares of the real estate investment trust’s stock valued at $176,373,000 after purchasing an additional 736,393 shares during the last quarter. LSV Asset Management boosted its position in Omega Healthcare Investors by 0.3% during the fourth quarter. LSV Asset Management now owns 4,835,252 shares of the real estate investment trust’s stock valued at $169,959,000 after purchasing an additional 13,749 shares during the last quarter. Federated Investors Inc. PA boosted its position in Omega Healthcare Investors by 19.5% during the third quarter. Federated Investors Inc. PA now owns 3,213,565 shares of the real estate investment trust’s stock valued at $105,309,000 after purchasing an additional 524,162 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Omega Healthcare Investors by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 3,115,660 shares of the real estate investment trust’s stock valued at $102,097,000 after purchasing an additional 11,565 shares during the last quarter. 72.74% of the stock is owned by institutional investors and hedge funds.

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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.

Read More: Cost of equity and a company’s balance sheet

Earnings History for Omega Healthcare Investors (NYSE:OHI)

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