Omega Healthcare Investors Inc. (NYSE:OHI) saw an upside of 1.63% to close Tuesday at $29.91 after adding $0.48 on the day. The 5-day average trading volume is 2,341,360 shares of the company’s common stock. It has gained $30.18 in the past week. An average of 2,591,140 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,268,348.
OHI’s 1-month performance is -8.81% or -$3.19 on its low of $28.92 reached on 10/06/21. The company’s shares have touched a 52-week low of $28.08 and high of $39.31, with the stock’s rally to the 52-week high happening on 04/29/21. YTD, OHI has lost -17.65% or -$6.41. However, the current price is down -23.91%% from the 52-week high price.
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On Jun 25, 110 days have gone by since the last insider trading activity for Omega Healthcare Investors Inc. (OHI). INSOFT STEVEN J (Chief Corp Development Officer) most recently sold 25,000 shares at $36.71 per share on Jun 25. This transaction cost the insider $917,750. Chief Corp Development Officer, INSOFT STEVEN J, sold 25,000 shares at a price of $36.69 on Jun 21. Then, on Mar 30, Chief Operating Officer BOOTH DANIEL J sold 25,000 shares at a price of $37.11 per share. This transaction amounted to $927,817.
The company’s PE ratio for the last five years has touched a high of 81.72 and a low of 9.411. OHI stock has a beta of 0.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.88 while the price-to-book (PB) in the most recent quarter is 1.76, with the price to cash flow ratio at 19.85.
Omega Healthcare Investors Inc. pays an annual dividend of $2.68 per share. Its dividend yield is 8.96% and the payout ratio is 293.60%. OHI’s most recent quarterly dividend payment was made on Aug. 13, when it paid $0.67 a share compared with prior rate of $0.67, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.01 reported on Monday October 14 2019. Measured over the last 3 years, the Dividend has been growing by 5.51% yearly.
It is projected that Omega Healthcare Investors Inc.’s next ex-dividend date will be on 1-Nov. OHI is expected to distribute $0.67 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.31, while the total debt to equity was 1.31. In terms of profitability, the gross margin trailing 12 months is 98.80%. while for the period ending June 29; Omega Healthcare Investors Inc.’s operating margin was 23.30%. The firm’s gross profit as reported stood at $380.82 million against revenue of $892.38 million.
For the quarterly period ending June 29 this year, Omega Healthcare Investors Inc.’s cash and short-term investments amounted to $857.16 million against total debt of $5.27 billion. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected OHI to announce $0.41 per share in earnings in its latest quarter, but it posted $0.36, representing a -12.20% surprise. EBITDA for the quarter stood at more than $229.52 million. OHI stock balance sheet for the quarter ending June 29 shows that, with total debt at $5.27 billion. Shareholders hold equity totaling $238.88 million
Let’s look briefly at Omega Healthcare Investors Inc. (OHI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 37.83% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.52%.
The stock’s 5-day moving average is $29.66, reflecting a +0.94% or $0.28 change from its current price. OHI is currently trading -7.80% above its 20-day SMA, -17.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -16.96% and -19.64% respectively.
Stochastic %K and %D was 23.88% and 22.30% and the average true range (ATR) pointed at 0.62. The RSI (14) points at 34.54%, while the 14-day stochastic is at 34.37% with the period’s ATR at 0.63. The stock’s 9-day MACD Oscillator is pointing at -0.20 and -0.54 on the 14-day charts.
In the most recent analyst report for Omega Healthcare Investors Inc. (NYSE: OHI), Robert W. Baird launched coverage with an Outperform rating. Analysts offering their rating for OHI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate OHI as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 3 have offered a “buy” rating.
What is OHI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $33.00 and a high of $41.00, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for Omega Healthcare Investors Inc. (OHI) stock is $37.08.