Omega Healthcare Investors (OHI) : Traders are bullish on Omega Healthcare Investors (OHI) as it has outperformed the S&P 500 by a wide margin of 3.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.9%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.41% in the last 1 week, and is up 3.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.38% and the 50-Day Moving Average is 5.23%.The 200 Day SMA reached 11.82%. Omega Healthcare Investors Inc. is up 14.78% in the last 3-month period. Year-to-Date the stock performance stands at 10.4%.
Omega Healthcare Investors (NYSE:OHI): After opening at $36.28, the stock dipped to an intraday low of $36.18 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $36.87 and the buying power remained strong till the end. The stock closed at $36.63 for the day, a gain of 1.38% for the day session. The total traded volume was 1,753,848. The stocks close on the previous trading day was $36.13.
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.