Omega Healthcare Investors (OHI) has risen sharply, recording gains of 2.4% in the past 4 weeks. However, the stock has corrected -0.94% in the past 1 week, providing a good buying opportunity on dips. Omega Healthcare Investors (OHI) : During the past 4 weeks, traders have been relatively bearish on Omega Healthcare Investors (OHI), hence the stock is down -1.89% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.4% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.27% and the 50-Day Moving Average is 2.67%.
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 $33.08 and $32.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.69, notching a gain of 2.46% for the day. The total traded volume was 2,224,219 . The stock had closed at $32.88 on the previous day.
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 84.16% of Omega Healthcare Investors shares. During last six month period, the net percent change held by insiders has seen a change of 18.51%. In a related news, Franke Thomas F, director of Omega Healthcare Investors Inc, executed a transaction worth $186,060 on May 23, 2016. A total of 6,000 shares were purchased at an average price of $31.01. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.