Omega Healthcare Investors (NYSE:OHI) has tumbled 0.27% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 5.79% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.92% and the outperformance has advanced to 4.82% for the last 4 weeks period.
Omega Healthcare Investors (NYSE:OHI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.80 and $32.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.90, notching a gain of 0.03% for the day. The total traded volume was 1,741,495 . The stock had closed at $32.89 on the previous day.
The company shares have dropped -9.42% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $37.24 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $32.70 and the 200 Day Moving Average price is recorded at $33.26.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Omega Healthcare Investors Inc, Franke Thomas F, had purchased 6,000 shares in a transaction dated on May 23, 2016. The transaction was executed at $31.01 per share with total amount equaling $186,060.
Currently the company Insiders own 4.54% of Omega Healthcare Investors shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 2.5% . Institutional Investors own 84.15% of Omega Healthcare Investors shares. During last six month period, the net percent change held by insiders has seen a change of 18.51%.
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.