Health Care REIT (HCN) : Traders are bullish on Health Care REIT (HCN) as it has outperformed the S&P 500 by a wide margin of 1.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.54%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.59% in the last 1 week, and is up 2.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.42% and the 50-Day Moving Average is 4.9%. Health Care REIT (NYSE:HCN): stock turned positive on Friday. Though the stock opened at $77.97, the bulls momentum made the stock top out at $79.42 level for the day. The stock recorded a low of $77.73 and closed the trading day at $78.36, in the green by 0.78%. The total traded volume for the day was 1,676,440. The stock had closed at $77.75 in the previous days trading.
The company Insiders own 0.29% of Health Care REIT shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.56% . Institutional Investors own 89.04% of Health Care REIT shares. During last six month period, the net percent change held by insiders has seen a change of -7.67%. Also, Major Brokerage house, Citigroup maintains its ratings on Health Care REIT (NYSE:HCN). In the latest research report, Citigroup raises the target price from $73 per share to $80 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 11, 2016.
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.