Boston, MA 05/20/2014 (wallstreetpr) – The $4.6 billion real estate investment trust Omega Healthcare Investors Inc (NYSE:OHI) reported insider trading that involved its Chief Accounting Officer. The REIT reported that CAO Michael Ritz unloaded 2,500 shares of the company on the open market transaction at the price of $36.50 per share. The trading occurred last week Friday, May 16. Following the transaction, Mr. Ritz earned $91,250 and spared a total of 7,722 shares in his current portfolio. The remaining shares of the CAO have an estimated value of $281,853, according to the company. Shares of the company are up 6.17 percent in the past 30 days, and 22.48 percent since the year started. Buoyed by strong demand for real estate properties amid high prices, Omega Healthcare Investors Inc (NYSE:OHI) reported 1Q financial data that demolished Wall Street expectations. The company earned 71 cents per share at a time when analysts expected 69 cents per share. Revenue hit $121 million in the quarter, beating the consensus estimate of $99.76 million. The revenue and EPS the latest quarter were all up on a year-over-year basis.
Hi-Crush Partners LP (NYSE:HCLP) will join its peers and investors at the upcoming investor conference in Florida. The company’s CFO Laura Fulton will present at the NAPTP 2014 MLP Investor Conference in Ponte Vedra Beach on May 21. The company will present to participating investors the highlight of its activities, opportunities and expectations. Hi-Crush Partners LP (NYSE:HCLP) recently reported its 1Q2014 whereby it posted earnings per share of $0.49, falling short of Wall Street estimation of $0.59. However, the company generated revenue of $55.83 million for the quarter, ahead of $52.45 million that analysts estimated. Both its EPS and revenue increased in the latest quarter compared with the same period a year ago. The company continues to enhance its capacity while undertaking cost-saving measures.
CenturyLink, Inc. (NYSE:CTL) has moved to court to seek a refund from the City of Lebanon over alleged irregular tax. The company wants to be refunded about $13,400 and attorney fees. The company said it paid the money as part of a special tax known as Lebanon Local Exchange Telecommunications Tax. CenturyLink, Inc. (NYSE:CTL) claims the tax is unconstitutional because it also leads to double taxation that is not acceptable.
