Health Care REIT (HCN) : During the past 4 weeks, traders have been relatively bearish on Health Care REIT (HCN), hence the stock is down -1.99% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.3% relative to the S&P 500. The 4-week change in the price of the stock is -2.52% and the stock has fallen -2.13% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.73% and the 50-Day Moving Average is 2.2%.The 200 Day SMA reached 7.77%
Health Care REIT (NYSE:HCN): The stock opened in the green at $76.42 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $76.89 and a low of $74.72 for the day. The stock did not find buyers even at the lows and closed at $74.77 recording a loss of -1.37%. 2,126,304 shares exchanged hands during the trading day. The stock had closed at $74.77 in the previous days trading.
Health Care REIT (HCN) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $90 and the lowest price target forecast is $63. The average forecast of all the analysts is $76.53 and the expected standard deviation is $8.08.
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.