Health Care REIT (HCN) : Traders are bullish on Health Care REIT (HCN) as it has outperformed the S&P 500 by a margin of 1.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.31%, 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 2.94% in the last 1 week, and is up 8.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Health Care REIT (NYSE:HCN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.00 and $77.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.75, notching a gain of 0.88% for the day. The total traded volume was 1,251,711 . The stock had closed at $78.06 on the previous day.
The stock has recorded a 20-day Moving Average of 3.8% and the 50-Day Moving Average is 7.93%. Welltower Inc. is up 16.71% in the last 3-month period. Year-to-Date the stock performance stands at 18.73%.
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.