With 4.44 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.55 million shares. The 52-week range on OHI shows that it touched its highest point at $44.42 and its lowest point at $30.48 during that stretch. It currently has a 1-year price target of $40.60. With its current market cap of 10.54 billion, OHI has annualized dividend of $2.68 while the current yield stands at 7.36%. Beta for the stock currently stands at 0.69.
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 up-trending over the past week, with a rise of 1.48%, but this was down by -3.75% over a month. Three-month performance surged to 1.11% while six-month performance fell -10.60%. The stock gained 18.47% in the past year, while it has lost -3.75% so far this year. A look at the trailing 12-month EPS for OHI yields 1.59 with Next year EPS estimates of 1.81. For the next quarter, that number is 0.44. This implies an EPS growth rate of 10.79% for this year and 5.26% for next year. EPS is expected to grow by 6.12% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.44%.
Float and Shares Shorts:
At present, 289.39 million OHI shares are outstanding with a float of 288.79 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OHI since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.54405 being high and $1.52261 being low. For OHI, this leads to a yearly average estimate of $1.53333. Based on analyst estimates, the high estimate for the next quarter is $0.46 and the low estimate is $0.45. The average estimate for the next quarter is thus $0.45.
