Insider Trading Watch List: Omega Healthcare Investors Inc

Omega Healthcare Investors Inc (NYSE:OHI) insider has recently participated in insider trading activity. Director, FRANKE THOMAS F bought 6,000 shares for $172,090 via one transaction Feb 12. Following the transaction, the insider now owns 53,182 shares in total, priced at $1537491.62 as of Tuesday. Another notable insider trading was done by the same insider on Feb 12. FRANKE THOMAS F acquired 10,000 shares at an average price of $28.59 for a total of $285,894. Moreover, PICKETT C TAYLOR carried out a buy of 4,200 shares at $32.56 each on Nov 16. The transaction amounted to $136,772. Director KORMAN BERNARD J bought 1,000 shares for $32,640 through one transaction Sep 04. Following this sale, this insider’s stake in the company comprises 1,000 shares, priced at $28910 as of Tuesday.

The stock has experienced a total of 0 insider trades in the past three months. These trades include 0 sell activities and 0 buy trades. Furthermore, over the past 12 months, the stock was traded 39 times by insiders. In 15 of these trades, the insider was a seller while an employee of the company was the buyer in just 24 instances.

Omega Healthcare Investors Inc (OHI) on February 10, 2016 announced its results of operations for the three and twelve-month periods ended December 31, 2015. The Company also reported for the three-month period ended December 31, 2015 Funds From Operations available to common stockholders of $127.4 million or $0.65 per common share and Funds Available For Distribution to common stockholders of $143.0 million or $0.72 per common share.

The $127.4 million of FFO available to common stockholders for the fourth quarter of 2015 includes $23.3 million of interest expense related to the early extinguishment of debt, $7.6 million in provision for uncollectible mortgages, notes and straight-line receivables, $5.4 million of in-place lease revenue amortization catch-up in connection with assumed Aviv REIT, Inc. leases, $4.5 million of non-cash stock-based compensation expense and $2.0 million of acquisition and merger related costs.

FFO is presented in accordance with the guidelines for the calculation and reporting of FFO issued by the National Association of Real Estate Investment Trusts. Adjusted FFO was $0.81 per common share for the three-month period ended December 31, 2015. FFO and Adjusted FFO are non-GAAP financial measures. Adjusted FFO is calculated as FFO available to common stockholders excluding the impact of certain non-cash items and certain items of revenue or expense, including, but not limited to: acquisition and merger related costs, interest refinancing costs, provisions for impairment, uncollectible mortgages and accounts receivable and stock-based compensation expense.

For the three-month period ended December 31, 2015, the Company reported net income of $63.5 million, or $0.32 per diluted common share, on operating revenues of $210.5 million. This compares to net income of $57.0 million, or $0.44 per diluted common share, on operating revenues of $131.3 million, for the same period in 2014.