Health Care REIT (NYSE:HCN) has risen sharply, recording gains of 4.82% in the past 4 weeks. However, the stock has corrected -0.76% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.16% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 10.46% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $77.18 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $72.33 and the 200 Day Moving Average price is recorded at $68.11.
The stock has recorded a 20-day Moving Average of 2.19% and the 50-Day Moving Average is 5.18%.
Health Care REIT (NYSE:HCN): stock turned positive on Friday. Though the stock opened at $75.33, the bulls momentum made the stock top out at $75.85 level for the day. The stock recorded a low of $74.53 and closed the trading day at $75.62, in the green by 1.04%. The total traded volume for the day was 2,291,442. The stock had closed at $74.84 in the previous days trading.
In an insider trading activity,The officer (EVP and CFO) of Welltower Inc., Estes Scott A sold 3,193 shares at $76.39 on July 1, 2016. The Insider selling transaction had a total value worth of $243,913. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Welltower Inc., formerly Health Care REIT, Inc., is a real estate investment trust (REIT). The Companys portfolio has range of seniors housing and healthcare real estate, including seniors housing communities, nursing/post-acute facilities, medical office buildings, inpatient and outpatient medical centers and life science facilities. The Company operates in three segments: seniors housing triple-net, seniors housing operating and medical facilities. Its properties consist of land, building, improvements and related rights. The Companys hospitals and seniors housing triple-net properties are leased to operators under long-term operating leases. Its medical office building portfolio is primarily self-managed and consists principally of multi-tenant properties leased to health care providers.