Omega Healthcare Investors (NYSE:OHI – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.78-$2.84 for the period, compared to the consensus estimate of $2.75. Omega Healthcare Investors also updated its FY 2024 guidance to 2.780-2.840 EPS.
Omega Healthcare Investors Stock Up 4.3 %
NYSE:OHI traded up $1.56 during midday trading on Friday, reaching $38.26. 3,750,088 shares of the stock traded hands, compared to its average volume of 1,599,951. Omega Healthcare Investors has a 12-month low of $27.53 and a 12-month high of $38.85. The business has a 50-day moving average of $33.91 and a two-hundred day moving average of $31.78. The company has a debt-to-equity ratio of 1.36, a quick ratio of 6.68 and a current ratio of 6.68. The stock has a market capitalization of $9.45 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97.
Omega Healthcare Investors Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, August 5th will be given a dividend of $0.67 per share. The ex-dividend date is Monday, August 5th. This represents a $2.68 dividend on an annualized basis and a yield of 7.00%. Omega Healthcare Investors’s payout ratio is 241.44%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on OHI
About Omega Healthcare Investors
Omega is a REIT that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the U.S., as well as in the U.K.
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