Wall Street analysts predict that Omega Healthcare Investors Inc (NYSE:OHI) will post sales of $246.61 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Omega Healthcare Investors' earnings, with the highest sales estimate coming in at $253.40 million and the lowest estimate coming in at $227.70 million. Omega Healthcare Investors posted sales of $233.20 million in the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The firm is expected to report its next quarterly earnings report on Tuesday, November 3rd.
According to Zacks, analysts expect that Omega Healthcare Investors will report full-year sales of $991.68 million for the current financial year, with estimates ranging from $921.60 million to $1.02 billion. For the next financial year, analysts expect that the company will report sales of $993.05 million, with estimates ranging from $898.70 million to $1.03 billion. Zacks' sales averages are a mean average based on a survey of research firms that follow Omega Healthcare Investors.
Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.32). Omega Healthcare Investors had a net margin of 39.17% and a return on equity of 9.22%.
A number of research analysts have commented on OHI shares. JMP Securities started coverage on Omega Healthcare Investors in a research report on Monday, June 8th. They set a "market perform" rating for the company. Citigroup upped their price target on Omega Healthcare Investors from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Thursday, July 2nd. Truist upped their price target on Omega Healthcare Investors from $32.00 to $34.00 in a research report on Monday. Raymond James lowered Omega Healthcare Investors from a "strong-buy" rating to an "outperform" rating and set a $34.00 price target for the company. in a research report on Monday, August 3rd. Finally, Smith Barney Citigroup started coverage on Omega Healthcare Investors in a research report on Monday, July 13th. They set a "neutral" rating for the company. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of "Hold" and an average price target of $33.63.
Shares of OHI stock opened at $32.93 on Wednesday. The stock has a market capitalization of $7.47 billion, a PE ratio of 19.15, a P/E/G ratio of 4.15 and a beta of 0.85. Omega Healthcare Investors has a 1-year low of $13.33 and a 1-year high of $45.22. The business has a 50-day moving average of $31.87 and a 200 day moving average of $30.43. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.35 and a quick ratio of 3.35.
Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in Omega Healthcare Investors by 2.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 312,941 shares of the real estate investment trust's stock valued at $8,305,000 after buying an additional 6,457 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Omega Healthcare Investors by 11.0% in the first quarter. Commonwealth Equity Services LLC now owns 184,897 shares of the real estate investment trust's stock worth $4,907,000 after buying an additional 18,382 shares during the period. Hancock Whitney Corp bought a new position in shares of Omega Healthcare Investors in the first quarter worth about $259,000. Rhumbline Advisers raised its stake in shares of Omega Healthcare Investors by 9.1% during the first quarter. Rhumbline Advisers now owns 669,367 shares of the real estate investment trust's stock valued at $17,765,000 after acquiring an additional 56,083 shares in the last quarter. Finally, M&T Bank Corp grew its stake in Omega Healthcare Investors by 48.2% in the first quarter. M&T Bank Corp now owns 19,585 shares of the real estate investment trust's stock worth $520,000 after purchasing an additional 6,369 shares in the last quarter. 71.63% of the stock is owned by institutional investors.
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.
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