Omega Healthcare Investors (OHI) Updates Q4 2019 Earnings Guidance

Omega Healthcare Investors (NYSE:OHI) updated its fourth quarter 2019 earnings guidance on Monday. The company provided earnings per share guidance of $0.78-0.81 for the period. Omega Healthcare Investors also updated its FY 2019 guidance to $3.00-3.12 EPS.

Several brokerages recently issued reports on OHI. Zacks Investment Research raised Omega Healthcare Investors from a sell rating to a hold rating in a research note on Wednesday, October 31st. Stifel Nicolaus cut Omega Healthcare Investors from a buy rating to a hold rating and set a $39.00 price objective on the stock. in a research note on Thursday. Scotiabank initiated coverage on Omega Healthcare Investors in a research note on Thursday. They issued a sector perform rating and a $39.37 price objective on the stock. ValuEngine upgraded Omega Healthcare Investors from a hold rating to a buy rating in a report on Tuesday, November 20th. Finally, Bank of America restated a hold rating on shares of Omega Healthcare Investors in a report on Monday, November 19th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Omega Healthcare Investors presently has an average rating of Hold and an average price target of $34.44.

Omega Healthcare Investors stock traded up $0.08 during mid-day trading on Monday, reaching $39.26. 1,549,449 shares of the company were exchanged, compared to its average volume of 1,657,602. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 1.21. The firm has a market cap of $7.86 billion, a P/E ratio of 11.90, a P/E/G ratio of 6.37 and a beta of 0.52. Omega Healthcare Investors has a 12-month low of $25.05 and a 12-month high of $40.30.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, January 30th. This represents a $2.64 dividend on an annualized basis and a yield of 6.72%. Omega Healthcare Investors’s dividend payout ratio is currently 80.00%.

In related news, insider Michael Ritz sold 2,000 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $35.50, for a total value of $71,000.00. Following the completion of the transaction, the insider now owns 8,076 shares in the company, valued at approximately $286,698. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven J. Insoft sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $40.00, for a total value of $2,000,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,000 shares of company stock valued at $3,321,750. 1.65% of the stock is owned by company insiders.

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Omega Healthcare Investors Company Profile

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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