Large Outflow of Money Witnessed in Health Care REIT

Health Care REIT (HCN): The stock had negative money flow to the tune of ($5.27 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $19.71 million, whereas, the outflow of money on downticks was $24.98 million and the ratio between the two was 0.79. The block trade had a negative net money flow of ($6.72 million). The total block trade value undertaken on upticks was $0.87 million. On the other hand, downticks amounted to $7.59 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.11. Health Care REIT (HCN) closed with marginal gains of 92 cents to end the day at $76.44, an increase of 1.22% over the previous days close. The stock recorded 0.05% for the week.


Shares of Welltower Inc. appreciated by 2.84% during the last five trading days but lost 0.66% on a 4-week basis. Welltower Inc. is up 2.36% in the last 3-month period. Year-to-Date the stock performance stands at 16.55%.

Health Care REIT (HCN) has an average broker rating of 2.58, which is interpreted as a Hold, as rated by 19 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Health Care REIT (NYSE:HCN): The stock opened at $75.59 and touched an intraday high of $76.54 on Wednesday. During the day, the stock corrected to an intraday low of $75.59, however, the bulls stepped in and pushed the price higher to close in the green at $76.45 with a gain of 1.23% for the day. The total traded volume for the day was 1,639,989. The stock had closed at $75.52 in the previous trading session.

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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