38.83
price down icon0.72%   -0.28
after-market After Hours: 39.21 0.38 +0.98%
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Why is Omega Healthcare Investors Inc (OHI) Stock down?

03 Nov, 2023:

Omega Healthcare Investors Stock (OHI) dropped by 6.55% from $33.73 to $31.52 in the trading on Friday November 3, 2023. The reason why OHI stock down today is due to the third-quarter 2023 earnings. Q3 earnings and revenue declined from the previous quarter, but still came in better than expected on interest income and some unexpected rent payments.

  • Revenue of $242.0M, vs. the $210.3M consensus, declined from $250.2M in the previous quarter and increased from $239.4M a year ago.
  • Adjusted FFO per share of $0.71, topping the $0.70 consensus estimate, fell from $0.74 in Q2 and $0.76 in Q3 2022.
  • Q3 expenses rose to $194.5M from $201.4M in Q2 and $177.7M in Q3 2022.
reit_healthcare_facilities DOC
$17.22
price down icon 0.86%
reit_healthcare_facilities AHR
$38.01
price down icon 0.16%
$31.49
price up icon 0.83%
reit_healthcare_facilities HR
$15.56
price down icon 1.77%
$17.96
price down icon 1.10%
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