An Omega Healthcare Investors Inc. (OHI) Director Buys 500.0 Shares

Omega Healthcare Investors Inc. (NYSE:OHI) traded on Tuesday with a subtraction of -$0.45 to $29.70, a downside of -1.49 percent. An average of 2,025,473 shares of common stock have been traded in the last five days. There was a fall of -$0.47 in the past week. The last 20 days have seen an average of 2,395,468 shares traded, while the 50-day average volume stands at 2,169,381.

OHI stock has decreased by -10.93% in the last month. The company shares reached their 1-month lowest point of $29.63 on 10/05/21. With the stock rallying to its 52-week high on 04/29/21, shares of the company touched a low of $28.08 and a high of $39.31 in 52 weeks. In spite of this, the price is down -24.45% from the 52-week high.


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Insider Transactions

102 days have passed since Omega Healthcare Investors Inc. (OHI) last reported insider trading activity. INSOFT STEVEN J, who is Chief Corp Development Officer, most recently acquired $25,000 shares at $36.71 per share on Jun 25. In this transaction, the insider spent $917,750. Chief Corp Development Officer, INSOFT STEVEN J, disposed of 25,000 shares at a price of $36.69 on Jun 21. The insider now owns more than $917,250 worth of shares. Prior to that, Chief Operating Officer BOOTH DANIEL J went on to Sale 25,000 shares at $37.11 each on Mar 30. An amount of $927,817 was transacted.

Valuation Metrics

Omega Healthcare Investors Inc. (OHI) has a trailing price-to-earnings (P/E) ratio of 34.62, which compares with the 19.92 for the broader industry and 37.17 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Omega Healthcare Investors Inc.’s PE ratio has ranged between 81.72 and 9.411. The stock’s beta is 0.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.78, the price-to-book (PB) ratio at 1.78, and the price-to-cash flow ratio at 19.59.

Omega Healthcare Investors Inc. pays a $2.68 dividend per share annually. It offers a dividend yield of 9.04%. The company has a payout ratio of 293.60%. The company’s most recent quarterly dividend payment took place on Aug. 13, and it was $0.67 a share, without any change from last year. Its dividend has been increased for the last 1 consecutive years with the latest increase dividend $0.01 reported on Monday October 14 2019. Dividends have grown by 5.51% each year over the last three years.

Omega Healthcare Investors Inc. will next go ex-dividend on 1-Nov. The next dividend payment Omega Healthcare Investors Inc. will make is expected to be $0.67.

Further, the company has a long term debt to equity ratio of 1.31 and a total debt to equity ratio of 1.31 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 98.80%. Its gross profit as reported stood at $380.82 million compared to revenue of $892.38 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Omega Healthcare Investors Inc.’s return on assets was 2.20%, compared to 2.8% over the last five years. In the past year, the return on investment has been 1.50%, and the 5-year average is 5.5%. Meanwhile, the return on equity (ROE) for the past 12 months has been 5.50% and the 5-year average holds at 6.7%. For the broader industry, ROE averaged 4.77 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Omega Healthcare Investors Inc. (OHI) price momentum. RSI 9-day as of the close on 04 October was 25.10%, suggesting the stock is oversold, with historical volatility in this time frame at 14.46%.

As of today, OHI’s price is $30.14 -1.53% or -$0.47 from its 5-day moving average. OHI is currently trading -10.31% lower than its 20-day SMA and -15.60% lower than its 100-day SMA. However, the stock’s current price level is -19.83% below the SMA50 and -21.08% below the SMA200.

The stochastic %K and %D were 11.69% and 9.11%, respectively, and the average true range (ATR) was 0.61. With the 14-day stochastic at 8.45% and the average true range at 0.63, the RSI (14) stands at 27.61%. The stock has reached -0.33 on the 9-day MACD Oscillator while the 14-day reading was at -0.79.

Analyst Ratings

JMP Securities downgraded Omega Healthcare Investors Inc. (NYSE: OHI) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as a a Mkt outperform.The consensus rating for Omega Healthcare Investors Inc. (OHI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OHI, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.

What is OHI’s price target for the next 12 months?

Analysts predict a range of price targets between $33.00 and $43.00, with a median target of $37.00. Taking a look at these predictions, the average price target given by analysts for Omega Healthcare Investors Inc. (OHI) stock is $37.62.

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