Omega Healthcare Investors Inc (NYSE:OHI) – Equities researchers at Jefferies Group lowered their FY2018 earnings estimates for shares of Omega Healthcare Investors in a research note issued on Tuesday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will earn $3.11 per share for the year, down from their prior forecast of $3.12. Jefferies Group has a “Underperform” rating on the stock.

Omega Healthcare Investors (NYSE:OHI) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.67) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($1.50). Omega Healthcare Investors had a net margin of 17.61% and a return on equity of 3.92%.

Other analysts have also issued research reports about the stock. ValuEngine upgraded shares of Omega Healthcare Investors from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Zacks Investment Research upgraded shares of Omega Healthcare Investors from a “sell” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Wednesday, October 4th. Hilliard Lyons lowered shares of Omega Healthcare Investors to a “buy” rating in a research report on Wednesday, November 1st. TheStreet lowered shares of Omega Healthcare Investors from a “b-” rating to a “c” rating in a research report on Monday, October 30th. Finally, Capital One Financial assumed coverage on shares of Omega Healthcare Investors in a research report on Monday, October 23rd. They issued an “equal weight” rating and a $34.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $32.14.

Omega Healthcare Investors (NYSE:OHI) traded up $0.18 during mid-day trading on Thursday, reaching $26.50. 1,759,650 shares of the company traded hands, compared to its average volume of 2,240,000. The firm has a market capitalization of $5,230.00, a price-to-earnings ratio of 34.87, a PEG ratio of 2.72 and a beta of 0.49. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 1.18. Omega Healthcare Investors has a 52 week low of $26.01 and a 52 week high of $35.14.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a $0.66 dividend. This is a positive change from Omega Healthcare Investors’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $2.64 annualized dividend and a dividend yield of 9.96%. Omega Healthcare Investors’s dividend payout ratio (DPR) is 342.11%.

In related news, Director Bernard J. Korman bought 100,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were acquired at an average price of $28.24 per share, for a total transaction of $2,824,000.00. Following the completion of the transaction, the director now directly owns 903,895 shares in the company, valued at $25,525,994.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Craig R. Callen bought 10,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was bought at an average price of $27.38 per share, for a total transaction of $273,800.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 210,000 shares of company stock worth $5,786,800. Company insiders own 1.54% of the company’s stock.

Large investors have recently bought and sold shares of the company. Barnett & Company Inc. lifted its stake in shares of Omega Healthcare Investors by 1,980.0% in the third quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 4,950 shares in the last quarter. Mcmillion Capital Management Inc. purchased a new position in shares of Omega Healthcare Investors in the third quarter worth about $201,000. Timber Hill LLC purchased a new position in shares of Omega Healthcare Investors in the third quarter worth about $206,000. Good Life Advisors LLC purchased a new position in shares of Omega Healthcare Investors in the third quarter worth about $209,000. Finally, HighPoint Advisor Group LLC purchased a new position in shares of Omega Healthcare Investors in the third quarter worth about $216,000. 68.07% of the stock is currently owned by hedge funds and other institutional investors.

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About Omega Healthcare Investors

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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