On a relative basis, the stock has outperformed the S&P 500 by 1.45% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.03% in the last 1 week, and is up 3.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -3.82% 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 $32.72 and the 200 Day Moving Average price is recorded at $33.20.
The stock has recorded a 20-day Moving Average of 2.55% and the 50-Day Moving Average is 3.46%.
Omega Healthcare Investors (NYSE:OHI): stock turned positive on Friday. Though the stock opened at $33.93, the bulls momentum made the stock top out at $34.1 level for the day. The stock recorded a low of $33.7 and closed the trading day at $34.01, in the green by 0.92%. The total traded volume for the day was 1,363,174. The stock had closed at $33.7 in the previous days trading.
In an insider trading activity, Franke Thomas F, director of Omega Healthcare Investors Inc had purchased 6,000 shares on May 23, 2016 in a transaction. The price per share was $31.01 and the total amount of the disclosed transaction was $186,060.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.