Omega Healthcare Investors Inc (OHI) was Downgraded by JMP Securities to ” Mkt Perform”. Earlier the firm had a rating of “Mkt Outperform ” on the company shares. JMP Securities advised their investors in a research report released on Aug 18, 2016.
On the company’s financial health, Omega Healthcare Investors Inc reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.83. The company had revenue of $186.50 million for the quarter, compared to analysts expectations of $180.20 million. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
Omega Healthcare Investors Inc opened for trading at $36.93 and hit $37.07 on the upside on Wednesday, eventually ending the session at $36.88, with a gain of 0.24% or 0.09 points. The heightened volatility saw the trading volume jump to 17,55,910 shares. Company has a market cap of $7,134 M.
In a different news, on Aug 17, 2016, Daniel J Booth (Chief Operating Officer) sold 20,000 shares at $37.14 per share price. According to the SEC, on May 25, 2016, Thomas F Franke (director) purchased 6,000 shares at $31.01 per share price. On Nov 17, 2015, C Taylor Pickett (CEO) purchased 4,200 shares at $32.56 per share price, according to the Form-4 filing with the securities and exchange commission.
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.