Omega Healthcare Investors Inc. (OHI) Performance and Fundamentals Dashboard tells a completely different story

Omega Healthcare Investors Inc. (NYSE: OHI) stock fell -2.15% on Friday to $31.36 against a previous-day closing price of $32.05. With 1.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.3 million shares. During the session, the REIT – Healthcare Facilities company that operates in wider Real Estate sector, reached to the highest price of $32.17 whereas the lowest price it dropped to was $31.27. The 52-week range on OHI shows that it touched its highest point at $35.64 and its lowest point at $24.81 during that stretch. It currently has a 1-year price target of $30.20. With its current market cap of 7.42 billion, OHI has annualized dividend of $2.68 while the current yield stands at 8.55%. Beta for the stock currently stands at 0.98.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OHI was down-trending over the past week, with a drop of -0.38%, but this was up by 9.50% over a month. Three-month performance surged to 8.36% while six-month performance rose 3.26%. The stock lost -9.96% in the past year, while it has gained 5.98% so far this year. A look at the trailing 12-month EPS for OHI yields 1.81 with Next year EPS estimates of 1.49. For the next quarter, that number is 0.37. This implies an EPS growth rate of 151.70% for this year and -19.07% for next year. EPS is expected to decline by -2.75% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -1.30%.

Float and Shares Shorts:

At present, 239.53 million OHI shares are outstanding with a float of 234.31 million shares on hand for trading. On Jul 14, 2022, short shares totaled 17.25 million, which was 7.33% higher than short shares on Jun 14, 2022. In addition to Mr. C. Taylor Pickett CPA as the firm’s CEO & Director, Mr. Robert O. Stephenson serves as its CFO, Treasurer & Assistant Sec.

Institutional Ownership:

Through their ownership of 67.98% of OHI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 39.13% of OHI, in contrast to 28.95% held by mutual funds. Shares owned by individuals account for 2.41%. As the largest shareholder in OHI with 14.61% of the stake, The Vanguard Group, Inc. holds 34,363,013 shares worth 34,363,013. A second-largest stockholder of OHI, BlackRock Fund Advisors, holds 22,233,072 shares, controlling over 9.45% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in OHI, holding 13,300,467 shares or 5.66% stake. With a 4.68% stake in OHI, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 11,003,228 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.95% of OHI stock, is the second-largest Mutual Fund holder. It holds 6,927,342 shares valued at 195.28 million. iShares Core S&P Mid Cap ETF holds 2.88% of the stake in OHI, owning 6,779,599 shares worth 191.12 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OHI since 16 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 11 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OHI analysts setting a high price target of $36.00 and a low target of $27.00, the average target price over the next 12 months is $31.00. Based on these targets, OHI could surge 14.8% to reach the target high and fall by -13.9% to reach the target low. Reaching the average price target will result in a decline of -1.15% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. OHI will report FY 2022 earnings on 02/08/2023. Analysts have provided yearly estimates in a range of $2.10 being high and $1.85 being low. For OHI, this leads to a yearly average estimate of $1.95. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Omega Healthcare Investors Inc. surprised analysts by -$0.00 when it reported $0.38 EPS against a consensus estimate of $0.38. The surprise factor in the prior quarter was $0.46. Based on analyst estimates, the high estimate for the next quarter is $0.52 and the low estimate is $0.32. The average estimate for the next quarter is thus $0.40.

Summary of Insider Activity:

Insiders traded OHI stock several times over the past three months with 4 Buys and 1 Sells. In these transactions, 18,972 shares were bought while 475 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 181,392 while 102,185 shares were sold.

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