Omega Healthcare Investors (NYSE:OHI) Releases Earnings Results, Misses Estimates By $0.20 EPS

by · The Markets Daily

Omega Healthcare Investors (NYSE:OHI – Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20), FiscalAI reports. The business had revenue of $340.55 million for the quarter, compared to the consensus estimate of $269.16 million. Omega Healthcare Investors had a net margin of 66.96% and a return on equity of 15.76%.

Omega Healthcare Investors Stock Performance

NYSE:OHI traded up $0.60 during midday trading on Tuesday, reaching $47.60. 3,333,271 shares of the stock traded hands, compared to its average volume of 2,072,478. The business has a 50-day moving average of $46.16 and a two-hundred day moving average of $46.61. Omega Healthcare Investors has a 12-month low of $41.53 and a 12-month high of $52.39. The stock has a market capitalization of $14.42 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.84 and a beta of 0.56.

Omega Healthcare Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 5th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $2.72 dividend on an annualized basis and a yield of 5.7%. Omega Healthcare Investors’s dividend payout ratio is presently 97.14%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Omega Healthcare Investors from $48.00 to $46.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Omega Healthcare Investors in a research report on Friday, September 25th. Barclays dropped their target price on Omega Healthcare Investors from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 13th. Mizuho lifted their price target on Omega Healthcare Investors from $45.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, August 31st. Finally, Cantor Fitzgerald boosted their price target on Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.93.

Get Our Latest Report on OHI

Omega Healthcare Investors Company Profile

(Get Free Report)

Omega Healthcare Investors, Inc is a real estate investment trust focused on the healthcare sector. The company invests in and owns healthcare facilities, with a primary emphasis on skilled nursing and assisted living properties.

Omega generally leases its properties to healthcare operators under long-term agreements, supporting services for seniors and individuals who require post-acute, rehabilitative, or long-term care. Its portfolio has also included other healthcare-related properties, such as continuing care retirement communities and specialty facilities.

Founded in 1992 and headquartered in Hunt Valley, Maryland, Omega serves healthcare operators across the United States and the United Kingdom.

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