OHI Stock Summary and Trading Ideas (Omega Healthcare Invts | NYSE:OHI)

Omega Healthcare Investors Inc is a healthcare facility real estate investment trust that invests in the United States real estate markets. Omega's portfolio focuses on long-term healthcare facilities. Omega has one reportable segment consisting of investments in healthcare-related real estate properties located in the United States and the United Kingdom. Its core business is to provide financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities (SNFs), assisted living facilities (ALFs), and to a lesser extent, independent living facilities (ILFs), rehabilitation and acute care facilities (specialty facilities) and medical office buildings (MOBs).

Omega Healthcare Invts trades on the NYSE stock market under the symbol OHI.

As of April 26, 2024, OHI stock price climbed to $31.09 with 1,521,996 million shares trading.

OHI has a beta of 0.41, meaning it tends to be less sensitive to market movements. OHI has a correlation of 0.06 to the broad based SPY ETF.

OHI has a market cap of $7.68 billion. This is considered a Mid Cap stock.

In the last 3 years, OHI stock traded as high as $39.31 and as low as $24.81.

The top ETF exchange traded funds that OHI belongs to (by Net Assets): VNQ, VTI, IJH, VB, VBR.

OHI has outperformed the market in the last year with a price return of +28.3% while the SPY ETF gained +27.4%. OHI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +9.4% and +1.9%, respectively, while the SPY returned +4.6% and -0.5%, respectively.

OHI support price is $30.49 and resistance is $31.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OHI stock will trade within this expected range on the day.