Omega Healthcare Investors Inc (OHI) Expected to Post FY2018 Earnings of $3.12 Per Share
Omega Healthcare Investors Inc (NYSE:OHI) – Research analysts at Jefferies Group boosted their FY2018 earnings per share estimates for shares of Omega Healthcare Investors in a report released on Thursday. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will earn $3.12 per share for the year, up from their previous forecast of $3.06. Jefferies Group currently has a “Underperform” rating on the stock.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Omega Healthcare Investors from a “sell” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Wednesday, October 4th. ValuEngine raised shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Hilliard Lyons cut shares of Omega Healthcare Investors to a “buy” rating in a report 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 started coverage on shares of Omega Healthcare Investors in a research note on Monday, October 23rd. They set an “equal weight” rating and a $34.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Omega Healthcare Investors has an average rating of “Hold” and a consensus target price of $32.14.
Omega Healthcare Investors (NYSE OHI) traded up $0.19 on Monday, reaching $27.35. 2,346,527 shares of the company’s stock were exchanged, compared to its average volume of 2,192,768. Omega Healthcare Investors has a one year low of $26.43 and a one year 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. The stock has a market capitalization of $5,360.00, a PE ratio of 35.99, a price-to-earnings-growth ratio of 2.79 and a beta of 0.49.
In other Omega Healthcare Investors news, Director Craig R. Callen acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was bought at an average price of $27.38 per share, with a total value of $273,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Bernard J. Korman acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were 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 owns 896,895 shares in the company, valued at approximately $24,117,506.55. The disclosure for this purchase can be found here. Insiders have bought 210,000 shares of company stock valued at $5,786,800 in the last three months. Corporate insiders own 1.54% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in OHI. Principal Financial Group Inc. grew its stake in Omega Healthcare Investors by 137.5% during the 2nd quarter. Principal Financial Group Inc. now owns 5,503,823 shares of the real estate investment trust’s stock valued at $181,736,000 after acquiring an additional 3,186,783 shares in the last quarter. FMR LLC boosted its holdings in Omega Healthcare Investors by 71.9% in the 2nd quarter. FMR LLC now owns 2,349,289 shares of the real estate investment trust’s stock valued at $77,573,000 after purchasing an additional 982,771 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Omega Healthcare Investors by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 32,497,878 shares of the real estate investment trust’s stock valued at $1,073,080,000 after purchasing an additional 735,367 shares during the last quarter. BlackRock Inc. boosted its holdings in Omega Healthcare Investors by 3.6% in the 2nd quarter. BlackRock Inc. now owns 20,606,999 shares of the real estate investment trust’s stock valued at $680,443,000 after purchasing an additional 717,086 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in Omega Healthcare Investors by 28.5% in the 2nd quarter. LSV Asset Management now owns 1,724,155 shares of the real estate investment trust’s stock valued at $56,931,000 after purchasing an additional 382,200 shares during the last quarter. 67.95% of the stock is owned by institutional investors.
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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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