Omega Healthcare Investors Stock Hits New 52-Week High (OHI)

NEW YORK ( TheStreet) -- Omega Healthcare Investors (NYSE: OHI) hit a new 52-week high Monday as it is currently trading at $22.24, above its previous 52-week high of $22.23 with 580,377 shares traded as of 2 p.m. ET. Average volume has been 777,700 shares over the past 30 days.

Omega Healthcare Investors has a market cap of $2.28 billion and is part of the financial sector and real estate industry. Shares are up 11.2% year to date as of the close of trading on Friday.

Omega Healthcare Investors, Inc. operates as a real estate investment trust (REIT) in the United States. The company invests in healthcare facilities, principally long-term healthcare facilities in the United States. The company has a P/E ratio of 26.2, below the average real estate industry P/E ratio of 26.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Omega Healthcare Investors as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Omega Healthcare Investors Ratings Report.

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