Omega Healthcare Investors Sets New 12-Month High at $36.84 (OHI)
Omega Healthcare Investors (NYSE:OHI)’s share price hit a new 52-week high during trading on Friday , Stock Ratings News reports. The company traded as high as $36.84 and last traded at $36.66, with a volume of 401,975 shares traded. The stock had previously closed at $36.18.
The stock has a 50-day moving average of $35.16 and a 200-day moving average of $32.59. The company has a market cap of $4.619 billion and a P/E ratio of 23.03.
Omega Healthcare Investors (NYSE:OHI) last announced its earnings results on Tuesday, April 29th. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.02. The company had revenue of $121.00 million for the quarter, compared to the consensus estimate of $99.76 million. During the same quarter last year, the company posted $0.63 earnings per share. Omega Healthcare Investors’s revenue was up 18.9% compared to the same quarter last year. Analysts expect that Omega Healthcare Investors will post $2.77 EPS for the current fiscal year.
In other Omega Healthcare Investors news, CAO Michael Ritz unloaded 2,500 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $36.50, for a total transaction of $91,250.00. Following the completion of the sale, the chief accounting officer now directly owns 7,722 shares in the company, valued at approximately $281,853. The sale was disclosed in a document filed with the SEC, which is available at this link.
Omega Healthcare Investors, Inc (NYSE:OHI) is a self-administered real estate investment trust (REIT), investing in income-producing healthcare facilities, such as long-term care facilities located throughout the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.