Omega Healthcare Investors (OHI) has risen sharply, recording gains of 0.92% in the past 4 weeks. However, the stock has corrected -3.14% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.54% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Omega Healthcare Investors Inc. is up 18.08% in the last 3-month period. Year-to-Date the stock performance stands at 8.74%. The stock has recorded a 20-day Moving Average of 1.05% and the 50-Day Moving Average is 6.15%.
Omega Healthcare Investors (NYSE:OHI): The stock opened at $36.46 on Friday but the bulls could not build on the opening and the stock topped out at $36.62 for the day. The stock traded down to $36.08 during the day, due to lack of any buying support eventually closed down at $36.08 with a loss of -1.56% for the day. The stock had closed at $36.65 on the previous day. The total traded volume was 1,374,355 shares.
Also, Equity Analysts at the Brokerage Firm, JMP Securities, downgrades their rating on the shares of Omega Healthcare Investors (NYSE:OHI). JMP Securities has a Market Perform rating on the shares. Previously, the analysts had a Market Outperform rating on the shares. The rating by the firm was issued on August 18, 2016.
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.