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 9.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.73%, 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 4.78% in the last 1 week, and is up 10.57% 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 6.58% and the 50-Day Moving Average is 11.18%. Omega Healthcare Investors (NYSE:OHI): stock turned positive on Friday. Though the stock opened at $37.1, the bulls momentum made the stock top out at $37.45 level for the day. The stock recorded a low of $37 and closed the trading day at $37.25, in the green by 0.84%. The total traded volume for the day was 1,513,973. The stock had closed at $36.94 in the previous days trading.
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 83.9% of Omega Healthcare Investors shares. During last six month period, the net percent change held by insiders has seen a change of 2.5%. Also, SunTrust Robinson Humphrey maintains its rating on Omega Healthcare Investors (NYSE:OHI). The global brokerage major raises the current price target from $38 per share to $42 per share. Analysts at the SunTrust Robinson Humphrey have a current rating of Buy on the shares. The rating by the firm was issued on August 4, 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.