The stock of Omega Healthcare Investors Inc. (NYSE:OHI) increased by $0.05 on Friday to finish at $30.59, up 0.16 percent. The last five days have seen an average of 1,004,340 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $2.64. The average number of shares traded over the last 20 days was 1,255,165, while the average volume over the last 50 days totaled 1,649,248.
OHI stock dropped -4.88% since last month. On 08/21/23, the company’s shares reached a one-month low of $30.04. The stock touched a high of $33.02 on 07/24/23, after rallying from a low of $25.61 in 52 weeks. The price of OHI stock has risen by 9.45% or $2.64 this year, reaching a new high 13 times. Still, the stock price is down -7.36% from the 52-week high.
Valuation Metrics
Omega Healthcare Investors Inc. (OHI) has a trailing price-to-earnings (P/E) ratio of 30.41. Beta for the stock is 0.96. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.77, the price-to-book (PB) ratio of 2.02, and the price-to-cash flow ratio of 24.38.
Company paid $0.67 per share in dividends, remained unchanged from $0.67 last year. A $0.01 dividend increase was reported on Monday October 14 2019.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.46, and the total debt to equity ratio is 1.46. As far as profitability goes, gross margin for the trailing twelve months is 98.10% percent. Omega Healthcare Investors Inc.’s operating margin stood at -0.80% for the same period. Based on annual data, it had gross profit of $311.82 million and revenue of $878.24 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. OHI’s return on assets (ROA) during the last 12 months has been 2.60%. There was a 0.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.80%.
Earnings Surprise
According to Omega Healthcare Investors Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $250.19 million, while revenues rose by 2.21% to $218.2 million. It was predicted that Omega Healthcare Investors Inc.’s quarterly earnings would be $0.25, but it ended up being $0.31, beating the consensus by -19.40%. EBITDA was $192.21 million for the quarter. At the end of Omega Healthcare Investors Inc.’s most recent quarter ended June 29, its total debt was $5.29 billion. Equity owned by shareholders amounts to $244.87 million.
Technical Picture
Here’s a quick look at Omega Healthcare Investors Inc.’s (OHI) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 40.34%, suggesting the stock is Neutral, with a 12.97% historical volatility rate.
The stochastic %K and %D were 28.59% and 22.93% respectively, while the average true range (ATR) was 0.46. Based on the 14-day stochastic reading of 29.10%, the RSI (14) reading is 41.84%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at -0.30.
Analyst Ratings
Analysts have assigned Omega Healthcare Investors Inc. (OHI) an Hold rating. OHI is a stock that is recommended for selling by 0 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is OHI’s price target for the next 12 months?
The current consensus forecast for the stock is between $28.00 and $36.00, with a median target price of $32.00. In analyzing these forecasts, the average price target given by analysts for Omega Healthcare Investors Inc. (OHI) is $32.19.
