Omega Healthcare Investors (OHI) : Traders are bullish on Omega Healthcare Investors (OHI) as it has outperformed the S&P 500 by a margin of 2.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.47%, 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 6.11% in the last 1 week, and is up 9.63% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Omega Healthcare Investors (NYSE:OHI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.25 and $35.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.75, notching a gain of 1.42% for the day. The total traded volume was 2,028,359 . The stock had closed at $35.25 on the previous day.
The stock has recorded a 20-day Moving Average of 5.87% and the 50-Day Moving Average is 8.8%. Omega Healthcare Investors Inc. is up 5.7% in the last 3-month period. Year-to-Date the stock performance stands at 5.86%.
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.