As of Wednesday close, Omega Healthcare Investors Inc.’s (NYSE:OHI) stock was up $1.06, moving up 3.41 percent to $32.18. The average number of shares traded per day over the past five days has been 1,165,680 shares. 4 times new highs have been achieved over the past 5 days, with a $1.47 gain in that time frame. In the last twenty days, the average volume was 1,238,365, while in the previous 50 days, it was 1,555,518.
Since last month, OHI stock rose 1.58%. Shares of the company fell to $30.04 on 08/21/23, the lowest level in the past month. A 52-week high of $33.02 was reached on 07/24/23 after having rallying from a 52-week low of $25.61. Since the beginning of this year, OHI’s stock price has risen by 15.13% or $4.23, and marked a new high 13 times. However, the stock has declined by -2.54% since its 52-week high.
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Valuation Metrics
Right now, Omega Healthcare Investors Inc. (OHI) has a P/E ratio of about 31.99. The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 9.23, the price-to-book (PB) ratio of 2.13, and the price-to-cash flow ratio of 25.65 may also be considered.
The latest dividend of $0.67 per share was paid out, remained unchanged from last year’s $0.67. On Monday October 14 2019, a $0.01 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.46, and the total debt-to-equity ratio was 1.46. On the profitability front, the trailing twelve-month gross margin is 98.10% percent. In the year ended June 29, operating margins totaled -0.80%. Based on annual data, OHI earned $311.82 million in gross profit and brought in $878.24 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.80%. Return on equity (ROE) for the past 12 months was 6.80%.
In Omega Healthcare Investors Inc.’s quarter-end financial report for June 29, it reported total debt of $360.78 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. OHI’s revenue rose 2.21% to $218.2 million during the quarter, while net income inched up to $250.19 million. While analysts expected Omega Healthcare Investors Inc. to report $0.31 quarterly earnings, the actual figure was $0.25 per share, beating the consensus estimate by -19.40%. During the quarter, the company generated $192.21 million in EBITDA. The value of shareholders’ equity is $244.87 million.
Technical Picture
This quick technical analysis looks at Omega Healthcare Investors Inc.’s (OHI) price momentum. With a historical volatility rate of 17.82%, the RSI 9-day stood at 70.97% on 30 August.
With respect to its five-day moving average, the current Omega Healthcare Investors Inc. price is up by +4.79% percent or $1.47. At present, OHI shares trade +1.16% above its 20-day simple moving average and +17.75% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.92% above its SMA50 and +0.59% above its SMA200.
Stochastic coefficient K was 63.69% and Stochastic coefficient D was 44.73%, while ATR was 0.53. Given the Stochastic reading of 97.94% for the 14-day period, the RSI (14) reading has been calculated as 63.22%. As of today, the MACD Oscillator reading stands at 0.59, while the 14-day reading stands at 0.47.
Analyst Ratings
Omega Healthcare Investors Inc. (OHI) has been rated Hold by analysts. According to 0 brokerage firms, OHI is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Omega Healthcare Investors Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $28.00 – $36.00. Based on these forecasts, analysts predict Omega Healthcare Investors Inc. (OHI) will achieve an average price target of $32.19.
