Omega Healthcare Investors Inc. (NYSE:OHI) does about 2.12M shares in volume on a normal day but saw 1909957 shares change hands in Monday trading. The company now has a market cap of 6.68B USD. Its current market price is $28.70, marking an increase of 1.77% compared to the previous close of $28.20. The 52 week high reached by this stock is $33.71 whilst the lowest price level in 52 weeks is $24.81. The script in recent trading has seen the stock touch a high of $28.925 and a low of $28.15.
Omega Healthcare Investors Inc. (OHI) has a 20-day trading average at $28.10 and the current price is -14.86% off the 52-week high compared with 15.68% distance from its 52-week low. The 50-day simple moving average of the closing price is $29.26 and its 200-day simple moving average is $29.87. If we look at the stock’s price movements over the week, volatility stands at 1.87%, which increases to 2.08% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 52.61 to suggest the stock is neutral.
The consensus objective for the share price is $29.77, suggesting that the stock has a potential upside of 3.59% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 09, 2023 when Credit Suisse downgraded the stock to “Underperform” and issued a price target of $25. BofA Securities also downgraded the stock to “Neutral” from Buy on November 14, 2022 at a price target of $35-$33. Robert W. Baird downgraded its price target at $30.
The current price level is 2.23%, -2.08%, and -3.91% away from its SMA20, SMA50, and SMA200 respectively, with the OHI price moving above the 50-day SMA on January 23. Omega Healthcare Investors Inc. (OHI) stock is up 2.14% over the week and 2.28% over the past month. Its price is 2.68% year-to-date and -6.18% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of $0.38 above consensus estimates by $0.01. The company’s next earnings report is expected on 05/08/2023, with forecasts estimating quarterly EPS at $0.36 and $1.91 for whole year. OHI’s earnings per share are forecast to grow by 9.10% this year and -22.50% over next year. Expected sales for next quarter are $247.57 million, which analysts say will come at $955.1 million for the current fiscal year and next year at $962.55 million. In addition, estimates put the company’s current quarterly revenue at an average of $247.14 million.
To reach the target analysts have set, the stock logically needs to grow 3.59 percent from here.
Outstanding shares total 234.79M with insiders holding 0.39% of the shares and institutional holders owning 66.52% of the company’s common stock. The company has a return on investment of 2.70% and return on equity of 10.90%. The price to earnings ratio (P/E ratio) amounts to 16.99 while the forward price to earnings ratio is 20.65. The beta has a value of 0.96. Price to book ratio is 1.82 and price to sales ratio is 6.79.
According to a U.S. Securities and Exchange Commission filing, Vanguard Real Estate Index Fund has reduced its position in Omega Healthcare Investors Inc. (OHI) to 10,450,342 shares, mirroring a recent drop by -1.11%. Vanguard Real Estate Index Fund dumped -0.12 million shares of Omega Healthcare Investors Inc. common stock bringing its total worth to about $292.09 million at the end of recent close, SEC documents show. Vanguard Real Estate Index Fund isn’t the only investment manager who changed stakes and is followed by iShares Core S&P Mid Cap ETF, which sold off 1376.0 shares to end up with 7,224,997 shares worth $201.94 million. Vanguard Total Stock Market Index raise their holdings by 0.95% in the company over the course of the most recent quarter. It now holds a 3.04% position in Omega Healthcare Investors Inc. thanks to 7.12 million shares amounting to $198.98 million.