Last $37.44 USD
Change Today -0.02 / -0.05%
Volume 543.5K
OHI On Other Exchanges
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Exchange
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

omega healthcare investors (OHI) Snapshot

Open
$37.47
Previous Close
$37.46
Day High
$37.58
Day Low
$37.31
52 Week High
06/5/14 - $38.33
52 Week Low
09/3/13 - $27.37
Market Cap
4.7B
Average Volume 10 Days
1.1M
EPS TTM
$1.55
Shares Outstanding
126.0M
EX-Date
04/28/14
P/E TM
24.2x
Dividend
$2.00
Dividend Yield
5.18%
Current Stock Chart for OMEGA HEALTHCARE INVESTORS (OHI)

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omega healthcare investors (OHI) Details

Omega Healthcare Investors, Inc. is a real estate investment firm. The firm invests in the real estate markets of United States. It invests in healthcare facilities, primarily in long-term healthcare facilities in order to create its portfolio. Omega Healthcare Investors, Inc. was founded in 1992 and is based in Maryland, United States.

25 Employees
Last Reported Date: 02/11/14
Founded in 1992

omega healthcare investors (OHI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.0M
Chief Financial Officer and Treasurer
Total Annual Compensation: $490.0K
Chief Operating Officer and Secretary
Total Annual Compensation: $572.0K
Senior Vice President of Operations
Total Annual Compensation: $399.3K
Chief Accounting Officer
Total Annual Compensation: $312.7K
Compensation as of Fiscal Year 2013.

omega healthcare investors (OHI) Key Developments

Omega Healthcare Investors Inc. Announces Closing of New $1.2 Billion Unsecured Credit Facility

Omega Healthcare Investors Inc. announced that it has entered into a new $1.2 billion unsecured credit facility, comprised of a $1 billion unsecured revolving credit facility and a $200 million unsecured term loan facility effective June 27, 2014. The 2014 credit facilities replace Omega's previous $700 million senior unsecured credit facility. The 2014 credit facilities include an 'accordion feature' that permits the company to expand its borrowing capacity by $550 million, to a total of $1.75 billion. The revolving credit facility is priced at LIBOR plus an applicable percentage (beginning at 130 basis points, with a range of 92.5 to 170 basis points) based on the company's ratings from Standard & Poor's, Moody's and/or Fitch Ratings, plus a facility fee based on the same ratings (initially 25 basis points, with a range of 12.5 to 30 basis points). The revolving credit facility will be used for acquisitions and general corporate purposes. At June 30, 2014, the company had $270 million in borrowings outstanding under the revolving credit facility. The revolving credit facility matures in four years, on June 27, 2018, with an option by the company to extend the maturity one additional year. The term loan facility is also priced at LIBOR plus an applicable percentage (beginning at 150 basis points, with a range of 100 to 195 basis points) based on the company's ratings from Standard & Poor's, Moody's and/or Fitch Ratings. The term loan facility matures in five years, on June 27, 2019. The company and its subsidiaries terminated the 2012 credit facility in connection with the effectiveness of the 2014 credit facilities. The company did not experience any material early termination penalties due to the termination of the 2012 credit facility. For the three month period ending June 30, 2014, the company will record a one-time, non-cash charge of approximately $2.6 million relating to the write-off of deferred financing costs associated with the termination of the 2012 credit facility.

Omega Healthcare Seeks Acquisitions

Omega Healthcare Investors Inc. (NYSE:OHI) will seek acquisitions. Omega has entered into a new $1.2 billion unsecured credit facility, comprised of a $1 billion unsecured revolving credit facility. The revolving credit facility will be used for acquisitions and general corporate purposes.

Omega Healthcare Investors Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014

Omega Healthcare Investors Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total operating revenues of $121,001,000 against $101,761,000 a year ago. Net income available to common stockholders of $55,829,000, or $0.45 per basic and diluted common share compared to net income available to common stockholders of $38,120,000, or $0.34 per basic and diluted common share for the same period in 2013. The increase in net income was primarily due to additional operating revenue associated with approximately $717 million of net new investments made since January of 2013. These increases to Revenues were partially offset by increased expenses associated with the new investments; including $1.4 million in increased interest expense and $0.5 million in incremental general and administrative expenses. Funds from operations available to common stockholders were $84,390,000 or $0.68 per share against $70,079,000 or $0.62 per share a year ago. Adjusted funds from operations available to common stockholders were $88,772,000, or $0.71 per common share compared to $71,665,000, or $0.63 per common share, for the same period in 2013. The increase in operating Revenue was primarily a result of incremental revenue from a combination of new investments completed since the first quarter of 2013, capital improvements made to its facilities and lease amendments made during that same time period. Income before other income and expense was $82,981,000 against $64,471,000 a year ago. The company currently expects its 2014 adjusted FFO available to common stockholders to be between $2.74 and $2.77 per diluted share. The company also expects its 2014 Adjusted FAD available to common stockholders to be between $2.48 and $2.51 per diluted share. Net income available to common stockholders is expected between $1.68 and $1.70 per share. Funds from operations available to common stockholders are expected between $2.66 and $2.69 per share.

 

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OHI Competitors

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Company Last Change
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