Omega Healthcare Investors Inc (OHI) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.87 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.83. The company posted revenue of $186.50 million in the period, compared to analysts expectations of $180.20 million. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
Many Wall Street Analysts have commented on Omega Healthcare Investors Inc. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $35 .
Omega Healthcare Investors Inc opened for trading at $34.25 and hit $34.8 on the upside on Friday, eventually ending the session at $34.5, with a gain of 0.64% or 0.22 points. The heightened volatility saw the trading volume jump to 15,76,673 shares. Company has a market cap of $6,492 M.
In a different news, on May 25, 2016, Thomas F Franke (director) purchased 6,000 shares at $31.01 per share price. According to the SEC, on Nov 17, 2015, C Taylor Pickett (CEO) purchased 4,200 shares at $32.56 per share price. On Sep 9, 2015, Bernard J Korman (director) purchased 1,000 shares at $32.64 per share price, according to the Form-4 filing with the securities and exchange commission.
Omega Healthcare Investors Inc. (Omega) is a self-administered real estate investment trust (REIT). The Company invests in income producing healthcare facilities long-term care facilities located throughout the United States. The Company provides lease or mortgage financing to qualified operators of skilled nursing facilities (SNFs) and assisted living facilities (ALFs) independent living facilities rehabilitation and acute care facilities. It finances investments through borrowings under its revolving credit facilities private placements or public offerings of its debt and equity securities secured indebtedness retention of cash flow or a combination of these methods. Its portfolio of real estate investments include over 900 properties located in 41 states and operated by 81 different operators. Its portfolio includes healthcare facilities and mortgages on healthcare facilities. It also offers fixed-rate mortgage loans.