As of Thursday close, Omega Healthcare Investors Inc.’s (NYSE:OHI) stock was down -$0.11, moving down -0.33 percent to $33.44. The average number of shares traded per day over the past five days has been 2,210,500 shares. 3 times new highs have been achieved over the past 5 days, with a $0.14 gain in that time frame. In the last twenty days, the average volume was 1,896,270, while in the previous 50 days, it was 1,658,898.
Since last month, OHI stock rose 10.40%. Shares of the company fell to $30.22 on 08/22/23, the lowest level in the past month. A 52-week high of $34.13 was reached on 09/20/23 after having rallying from a 52-week low of $25.61. Since the beginning of this year, OHI’s stock price has risen by 19.64% or $5.49, and marked a new high 17 times. However, the stock has declined by -2.04% since its 52-week high.
Valuation Metrics
Right now, Omega Healthcare Investors Inc. (OHI) has a P/E ratio of about 33.24. The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 9.57, the price-to-book (PB) ratio of 2.21, and the price-to-cash flow ratio of 26.62 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 30 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 30, 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 30, 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 16.62%, the RSI 9-day stood at 65.34% on 21 September.
With respect to its five-day moving average, the current Omega Healthcare Investors Inc. price is up by +0.42% percent or $0.14. At present, OHI shares trade +8.89% above its 20-day simple moving average and +24.96% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.89% above its SMA50 and +10.62% above its SMA200.
Stochastic coefficient K was 78.31% and Stochastic coefficient D was 80.45%, while ATR was 0.65. Given the Stochastic reading of 76.40% for the 14-day period, the RSI (14) reading has been calculated as 63.09%. As of today, the MACD Oscillator reading stands at 0.27, while the 14-day reading stands at 0.67.
Analyst Ratings
RBC Capital Mkts launched its rating on Omega Healthcare Investors Inc. (NYSE: OHI) to a Sector perform in a note to investors on September 12, 2023. 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 3 recommending it as overweight.
With a median target price of $33.00, the current consensus forecast for the stock is $30.00 – $36.00. Based on these forecasts, analysts predict Omega Healthcare Investors Inc. (OHI) will achieve an average price target of $33.18.
