Large Inflow of Money Witnessed in Health Care REIT

Health Care REIT (HCN) : Thursdays money flow data in Health Care REIT (HCN) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $38.84 million, whereas, $29.77 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.31, in favor of the bulls. The total money flow into the stock was $9.08 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $8.84 million. The total value of block trades done on upticks was $11.49 million. The value of bearish trades on downticks was only $2.65 million.The up/down ratio in the block trades was a healthy 4.33 in favor of the bulls, suggesting strong buying in the stock by large traders. Health Care REIT (HCN) fell $1.55 and traded at $74.84, down -2.03% for the day, over previous days close. On a weekly basis, the shares are -1.78% over the previous weeks close.


Health Care REIT (HCN) : Average target price received by Health Care REIT (HCN) is $69.46 with an expected standard deviation of $7.39. The most aggressive target on the stock is $83, whereas the most downbeat target is $60. 11 financial analysts are currently covering the stock. The stock has recorded a 20-day Moving Average of 1.34% and the 50-Day Moving Average is 4.27%.

Health Care REIT (NYSE:HCN): The stock opened at $75.93 on Thursday but the bulls could not build on the opening and the stock topped out at $76.04 for the day. The stock traded down to $74.28 during the day, due to lack of any buying support eventually closed down at $74.84 with a loss of -2.03% for the day. The stock had closed at $76.39 on the previous day. The total traded volume was 2,300,956 shares.

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.

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